Thurst & Fritz Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10815743 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Thurst & Fritz Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Current assets

Debtors

4

234,550

79,194

Cash at bank

7,264

62,401

241,814

141,595

Creditors: amounts falling due within one year

5

176,572

198,586

Net current assets/(liabilities)

65,242

(56,991

)

Total assets less current liabilities

65,242

(56,991

)

Capital and reserves

Called up share capital

6

1,640

1,175

Share premium

359,060

52,325

Retained earnings

(295,458

)

(110,491

)

Shareholders' funds

65,242

(56,991

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2019 and were signed on its behalf by:

D M Frizzell - Director

J Anderson-Mann - Director

1.	Statutory information

Thurst & Fritz Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

10815743

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

The presentation currency of the financial statements is the Pound Sterling (£).

The period covered by the financial statements is 12 months. The comparatives are for a 10 month

period and are therefore not entirely comparable. The reason for the shortening of the previous year

end was to bring it in to line with other connected companies.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT. When

the outcome of a transaction involving the rendering of services can be reliably estimated, revenue

from the rendering of services is measured by reference to the stage of completion of the service

transaction at the end of the reporting period. When the outcome of a transaction involving the

rendering of services cannot be reliably estimated, revenue is recognised only to the extent that

expenses recognised are recoverable.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the

contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement

constitutes a financing transaction, where it is recognised at the present value of the future payments

discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

3.	Employees and directors

The average number of employees during the year was 3 (2018 - 3 ) .

4.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

218,828

71,533

Other debtors

1,479

7,661

PAYE

4,763

-

VAT

9,480

-

234,550

79,194

5.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

157,390

46,602

Taxation and social security

-

15,834

Other creditors

19,182

136,150

176,572

198,586

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

25

Ordinary A

£1

100

25

25

Ordinary B

£1

100

25

125

Ordinary C

£1

440

125

1,000

Ordinary D

£1

1,000

1,000

1,640

1,175

7.	Related party disclosures

Within creditors is £5,411 (2018 - £24,111) owed to the directors.