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Company Registration No. 7585360 (England and Wales)
Thorp Farms Ltd Unaudited accounts for the year ended 31 March 2023
Thorp Farms Ltd Unaudited accounts Contents
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Thorp Farms Ltd Company Information for the year ended 31 March 2023
Directors
D M Thorp A N Birch
Company Number
7585360 (England and Wales)
Registered Office
28 Terminus Road Sheffield S7 2LH
Accountants
Hart Simpson 28 Terminus Road Sheffield S7 2LH
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Thorp Farms Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
587,225 
541,242 
Current assets
Inventories
244,595 
230,045 
Debtors
19,851 
33,046 
Cash at bank and in hand
28,100 
22,290 
292,546 
285,381 
Creditors: amounts falling due within one year
(305,126)
(335,896)
Net current liabilities
(12,580)
(50,515)
Net assets
574,645 
490,727 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
574,545 
490,627 
Shareholders' funds
574,645 
490,727 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by
D M Thorp Director Company Registration No. 7585360
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Thorp Farms Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Thorp Farms Ltd is a private company, limited by shares, registered in England and Wales, registration number 7585360. The registered office is 28 Terminus Road, Sheffield, S7 2LH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
10%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
265,788 
484,406 
750,194 
Additions
- 
59,756 
59,756 
At 31 March 2023
265,788 
544,162 
809,950 
Depreciation
At 1 April 2022
- 
208,952 
208,952 
Charge for the year
- 
13,773 
13,773 
At 31 March 2023
- 
222,725 
222,725 
Net book value
At 31 March 2023
265,788 
321,437 
587,225 
At 31 March 2022
265,788 
275,454 
541,242 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,215 
Other debtors
19,851 
31,831 
19,851 
33,046 
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Thorp Farms Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,483 
12,048 
Taxes and social security
8,441 
14,890 
Loans from directors
293,202 
308,958 
305,126 
335,896 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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