The Thread Studio Uk Ltd,Ltd - AccountsLtd - Accounts

The Thread Studio Uk Ltd,Ltd - AccountsLtd - Accounts

THE THREAD STUDIO UK LTD - Company Information

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2021-04-01 09149141 2022-03-31 09149141 2021-04-01 2022-03-31 09149141 2021-03-31 09149141 2020-04-01 2021-03-31 09149141 uk-core:WithinOneYear 2021-03-31 09149141 uk-core:WithinOneYear 2022-03-31 09149141 uk-core:ShareCapital 2022-03-31 09149141 uk-core:ShareCapital 2021-03-31 09149141 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 09149141 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 09149141 uk-bus:Director1 2021-04-01 2022-03-31 09149141 uk-core:PlantMachinery 2021-04-01 2022-03-31 09149141 uk-core:ComputerEquipment 2021-04-01 2022-03-31 09149141 uk-core:FurnitureFittings 2021-04-01 2022-03-31 09149141 uk-core:ComputerEquipment 2021-03-31 09149141 uk-core:FurnitureFittings 2021-03-31 09149141 uk-core:PlantMachinery 2021-03-31 09149141 uk-core:PlantMachinery 2022-03-31 09149141 uk-core:FurnitureFittings 2022-03-31 09149141 uk-core:ComputerEquipment 2022-03-31 09149141 uk-core:WithinOneYear 2022-03-31 09149141 uk-core:WithinOneYear 2021-03-31 iso4217:GBP xbrli:pure 09149141 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 09149141 uk-bus:FRS102 2021-04-01 2022-03-31 09149141 uk-bus:FullAccounts 2021-04-01 2022-03-31 09149141 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
The Thread Studio Uk Ltd
Registered Number:09149141
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
The Thread Studio Uk Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09149141
As at 31 March 2022
The Thread Studio Uk Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
19,489
21,736
2
19,489
21,736
Current assets
Inventories
7,900
8,350
3
Trade and other receivables
17,601
22,912
4
21,341
Cash and cash equivalents
15,904
47,166
46,842
Trade and other payables: amounts falling due within one
year
(76,619)
(59,752)
5
(29,777)
(12,586)
Net current liabilities
Total assets less current liabilities
6,903
(8,041)
6,903
Net assets/liabilities
(8,041)
Capital and reserves
Called up share capital
10
10
Retained earnings
6,893
(8,051)
6,903
(8,041)
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Clare Wright Director
These financial statements were approved and authorised for issue by the Board on 17 June 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2022
The Thread Studio Uk Ltd
Notes to the Financial Statements
Statutory Information
The Thread Studio Uk Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09149141.
Registered address:
11 Southpoint
Ensign Way Hamble
Southampton
Hampshire
SO31 4RF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
25 Reducing balance
Computer Equipment
25 Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2021
45,870
12,646
1,138
32,086
3,963
1,041
2,339
583
Additions
At 31 March 2022
32,669
3,477
13,687
49,833
Provision for depreciation and impairment
At 01 April 2021
24,134
5,733
658
17,743
Charge for year
6,210
1,845
704
3,661
At 31 March 2022
30,344
7,578
1,362
21,404
At 31 March 2022
Net book value
11,265
2,115
6,109
19,489
At 31 March 2021
14,343
480
6,913
21,736
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5
For the year ended 31 March 2022
The Thread Studio Uk Ltd
Notes to the Financial Statements Continued
3. Inventories
2021
2022
£
£
Stocks
8,350
7,900
4. Trade and other receivables
2021
2022
£
£
Trade debtors
22,912
17,344
Other debtors
-
257
17,601
22,912
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
37,900
39,500
Trade creditors
3,582
2,531
Taxation and social security
4,894
1,285
Other creditors
13,376
33,303
59,752
76,619
6. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
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