Company Registration No. 11310524 (England and Wales)
THYME1 LTD
Unaudited accounts
for the year ended 31 March 2022
THYME1 LTD
Unaudited accounts
Contents
THYME1 LTD
Company Information
for the year ended 31 March 2022
Company Number
11310524 (England and Wales)
Registered Office
123 EDWARD AVENUE
LEICESTER
LE3 2PE
ENGLAND
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
THYME1 LTD
Statement of financial position
as at 31 March 2022
Tangible assets
16,623
13,299
Cash at bank and in hand
1,950
106
Creditors: amounts falling due within one year
(9,423)
(899)
Net current (liabilities)/assets
(7,233)
1,289
Total assets less current liabilities
9,490
14,688
Creditors: amounts falling due after more than one year
(8,817)
(12,500)
Called up share capital
100
100
Profit and loss account
573
2,088
Shareholders' funds
673
2,188
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2023 and were signed on its behalf by
Mrs.Mina AHMED
Director
Company Registration No. 11310524
THYME1 LTD
Notes to the Accounts
for the year ended 31 March 2022
THYME1 LTD is a private company, limited by shares, registered in England and Wales, registration number 11310524. The registered office is 123 EDWARD AVENUE, LEICESTER, LE3 2PE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
THYME1 LTD
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2022
2021
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
