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REGISTERED NUMBER: 11116145 (England and Wales)















Unaudited Financial Statements

for the Period 18 December 2017 to 31 January 2019

for

Thrifted Limited

Thrifted Limited (Registered number: 11116145)






Contents of the Financial Statements
for the Period 18 December 2017 to 31 January 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thrifted Limited

Company Information
for the Period 18 December 2017 to 31 January 2019







DIRECTOR: Mr J Kemp





REGISTERED OFFICE: Unit C3
Ensign Estate, Botany Way
Purfleet
Essex
RM19 1TB





REGISTERED NUMBER: 11116145 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

Thrifted Limited (Registered number: 11116145)

Balance Sheet
31 January 2019

Notes £    £   
FIXED ASSETS
Intangible assets 4 6,214
Tangible assets 5 15,554
21,768

CURRENT ASSETS
Stocks 91,350
Cash at bank 61,695
153,045
CREDITORS
Amounts falling due within one year 6 151,364
NET CURRENT ASSETS 1,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,449

PROVISIONS FOR LIABILITIES 2,955
NET ASSETS 20,494

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 20,394
SHAREHOLDERS' FUNDS 20,494

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

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

The director acknowledges his 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.

Thrifted Limited (Registered number: 11116145)

Balance Sheet - continued
31 January 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 3 December 2019 and were signed by:





Mr J Kemp - Director


Thrifted Limited (Registered number: 11116145)

Notes to the Financial Statements
for the Period 18 December 2017 to 31 January 2019

1. STATUTORY INFORMATION

Thrifted Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Thrifted Limited (Registered number: 11116145)

Notes to the Financial Statements - continued
for the Period 18 December 2017 to 31 January 2019

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 6,904
At 31 January 2019 6,904
AMORTISATION
Amortisation for period 690
At 31 January 2019 690
NET BOOK VALUE
At 31 January 2019 6,214

Thrifted Limited (Registered number: 11116145)

Notes to the Financial Statements - continued
for the Period 18 December 2017 to 31 January 2019

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
Additions 3,356 12,569 1,500 1,836 19,261
At 31 January 2019 3,356 12,569 1,500 1,836 19,261
DEPRECIATION
Charge for period 839 1,887 375 606 3,707
At 31 January 2019 839 1,887 375 606 3,707
NET BOOK VALUE
At 31 January 2019 2,517 10,682 1,125 1,230 15,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 16,958
Trade creditors 15,557
Tax 1,838
Social security and other taxes 2,006
Net wages 2,202
VAT 8,835
Loan 60,000
Directors' current accounts 42,618
Accrued expenses 1,350
151,364

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.