Th2 Designs Ltd xbrl

Th2 Designs Ltd xbrl

TH:2 DESIGNS LTD - Company Information

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2017-02-01 2018-01-31 2018-01-31 Trading false The accounts were prepared in accordance with frs102 With an accountants report AbridgedAccounts This company is a private limited company No description of principal activity 05386748 2018-01-31 05386748 2017-01-31 05386748 2016-01-31 05386748 2017-02-01 2018-01-31 05386748 2016-02-01 2017-01-31 05386748 uk-cd-pres:AllEntityOfficers 2017-02-01 2018-01-31 05386748 uk-cd-pres:AllEntityOfficers 2016-02-01 2017-01-31 05386748 uk-cd-pres:CompanySecretary1 2017-02-01 2018-01-31 05386748 uk-cd-pres:CompanySecretaryDirector1 2017-02-01 2018-01-31 05386748 uk-cd-pres:CompanySecretaryDirector1 2018-01-31 05386748 uk-cd-pres:Director1 2017-02-01 2018-01-31 05386748 uk-cd-pres:Director1 2018-01-31 05386748 uk-cd-pres:Director2 2017-02-01 2018-01-31 05386748 uk-cd-pres:Director2 2018-01-31 05386748 uk-cd-pres:Director3 2017-02-01 2018-01-31 05386748 uk-cd-pres:Director3 2018-01-31 05386748 uk-cd-pres:AllOrdinaryShares 2018-01-31 05386748 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Th2 Designs Ltd
 
 
Company Registration Number
05386748
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/02/2017
 
End date 31/01/2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Th2 Designs Ltd
 
Contents of the Financial Statements
for the Period Ended 31 January 2018
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Abridged Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Th2 Designs Ltd
 
Company Information
for the Period Ended 31 January 2018
 
Directors G Taylor
S El Hadery
K Howes
 
 
Registered office 214 Design Centre East
Chelsea Harbour
London
SW10 0XF
 
Company Registration Number 05386748
 
Accountants Name Bear Business Ltd
Address 28Trinity Street
Dorchester
DT1 1TT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Th2 Designs Ltd
 
Accountants' Report
for the Period Ended 31 January 2018
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 January 2018. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 January 2018 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Bear Business Ltd
28Trinity Street
Dorchester
DT1 1TT
 
Date 2018-08-23
Page 4
Th2 Designs Ltd
Balance Sheet
for the Period Ended 31 January 2018
Company registration number 05386748
2018 2017
Notes £ £
Fixed assets
Tangible fixed assets 2 16,830 35,562
_______ _______
Total fixed assets 16,830 35,562
Current assets
Stocks 3 275,700 112,030
Debtors 4 178,771 137,569
Cash at bank and in hand 1,381,169 761,476
_______ _______
Total current assets/(liabilities) 1,835,640 1,011,075
Creditors
Creditors - amounts falling
due within one year 5 1,254,067 625,366
_______ _______
Net current assets 581,573 385,709
_______ _______
Total assets less current liabilities 598,403 421,271
_______ _______
Creditors - amounts falling
due after more than one year 6 31,036 0
_______ _______
Long term creditors 31,036 0
______ ______
Net assets/(liabilities) 567,367 421,271
Capital and reserves
Called up share capital 7 1,000 1,000
Profit and loss account 8 566,367 420,271
______ ______
Total shareholders funds 567,367 421,271
 
 
 
 
 
 
 
Page 5
Th2 Designs Ltd
 
Balance Sheet
for the Period Ended 31 January 2018
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 January 2018 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2018-08-23
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name G Taylor
 
The notes form part of these financial statements
 
 
 
 
 
 
 
Page 6
Th2 Designs Ltd
Notes to the Financial Statements
for the Period Ended 31 January 2018
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Th2 Designs Ltd
Notes to the Financial Statements
for the Period Ended 31 January 2018
2. Tangible fixed assets
Fixtures Office Total
and fittings equipment
Cost £ £ £
At 1 February 2017 163,614 31,047 194,661
Additions 557 8,076 8,633
______ _____ ______
At 31 January 2018 164,171 39,123 203,294
Depreciation
At 1 February 2017 130,565 28,534 159,099
Charge for year 21,184 6,181 27,365
______ _____ ______
At 31 January 2018 151,749 34,715 186,464
Net book value
At 31 January 2018 12,422 4,408 16,830
At 31 January 2017 33,049 2,513 35,562
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Th2 Designs Ltd
Notes to the Financial Statements
for the Period Ended 31 January 2018
3. Stocks 2018 2017
Raw materials 15,700 12,030
Work in progress 260,000 100,000
Total 275,700 112,030
4. Debtors 2018 2017
Trade debtors 26,030 80,231
Other debtors 133,667 38,049
Prepayments and accrued income 19,074 19,289
______ ______
Total 178,771 137,569
5. Creditors amounts falling due within one year 2018 2017
Trade creditors 402,008 217,657
Corporation tax 74,432 46,167
Other taxation and social security 237,405 86,886
Accruals and deferred income 527,770
Other creditors 12,452 274,656
_______ ______
Total 1,254,067 625,366
6. Creditors amounts falling due after more than one year 2018 2017
Other creditors 31,036
_____ _
Total 31,036 0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Th2 Designs Ltd
Notes to the Financial Statements
for the Period Ended 31 January 2018
7. Share capital 2018 2017
Authorised type Par value £ £
Ordinary 1 1,000 1,000
____ ____
Total 1,000 1,000
Allotted, called up and paid £ £
Ordinary 1,000 1,000
____ ____
Total 1,000 1,000
8. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 February 2017 420,271
Profit/(Loss) for year 296,929
Dividends paid 150,833
______
Retained Profit/(Loss) at 31 January 2018 566,367
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10