Registered number
11836573
MJ THORNTON LTD
Filleted Accounts
5 April 2022
MJ THORNTON LTD
Registered number: 11836573
Balance Sheet
as at 5 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 962 1,202
Current assets
Cash at bank and in hand 31,782 11,439
Creditors: amounts falling due within one year 4 (34,953) (18,404)
Net current liabilities (3,171) (6,965)
Net liabilities (2,209) (5,763)
Capital and reserves
Called up share capital 10 10
Profit and loss account (2,219) (5,773)
Shareholders' funds (2,209) (5,763)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Thorton
Director
Approved by the board on 18 August 2022
MJ THORNTON LTD
Notes to the Accounts
for the year ended 5 April 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2021 1,502
At 5 April 2022 1,502
Depreciation
At 6 April 2021 300
Charge for the year 240
At 5 April 2022 540
Net book value
At 5 April 2022 962
At 5 April 2021 1,202
4 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 154 -
Directors Loan Account 33,857 18,404
Accruals 942 -
34,953 18,404
5 Other information
MJ THORNTON LTD is a private company limited by shares and incorporated in England. Its registered office is:
Roseheath Wood Cottage
Bullbeggers Lane
Berkhamstead
Herts
HP4 2RS
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