2022-07-012023-06-302023-06-30false09663685THORNTON GROUP LIMITED2024-01-2543320iso4217:GBPxbrli:pure096636852022-07-01096636852023-06-30096636852022-07-012023-06-30096636852021-07-01096636852022-06-30096636852021-07-012022-06-3009663685bus:SmallEntities2022-07-012023-06-3009663685bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3009663685bus:FullAccounts2022-07-012023-06-3009663685bus:PrivateLimitedCompanyLtd2022-07-012023-06-3009663685core:WithinOneYear2023-06-3009663685core:AfterOneYear2023-06-3009663685core:WithinOneYear2022-06-3009663685core:AfterOneYear2022-06-3009663685core:ShareCapital2023-06-3009663685core:SharePremium2023-06-3009663685core:RevaluationReserve2023-06-3009663685core:OtherReservesSubtotal2023-06-3009663685core:RetainedEarningsAccumulatedLosses2023-06-3009663685core:ShareCapital2022-06-3009663685core:SharePremium2022-06-3009663685core:RevaluationReserve2022-06-3009663685core:OtherReservesSubtotal2022-06-3009663685core:RetainedEarningsAccumulatedLosses2022-06-3009663685core:LandBuildings2023-06-3009663685core:PlantMachinery2023-06-3009663685core:Vehicles2023-06-3009663685core:FurnitureFittings2023-06-3009663685core:OfficeEquipment2023-06-3009663685core:NetGoodwill2023-06-3009663685core:IntangibleAssetsOtherThanGoodwill2023-06-3009663685core:ListedExchangeTraded2023-06-3009663685core:UnlistedNon-exchangeTraded2023-06-3009663685core:LandBuildings2022-06-3009663685core:PlantMachinery2022-06-3009663685core:Vehicles2022-06-3009663685core:FurnitureFittings2022-06-3009663685core:OfficeEquipment2022-06-3009663685core:NetGoodwill2022-06-3009663685core:IntangibleAssetsOtherThanGoodwill2022-06-3009663685core:ListedExchangeTraded2022-06-3009663685core:UnlistedNon-exchangeTraded2022-06-3009663685core:LandBuildings2022-07-012023-06-3009663685core:PlantMachinery2022-07-012023-06-3009663685core:Vehicles2022-07-012023-06-3009663685core:FurnitureFittings2022-07-012023-06-3009663685core:OfficeEquipment2022-07-012023-06-3009663685core:NetGoodwill2022-07-012023-06-3009663685core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009663685core:ListedExchangeTraded2022-07-012023-06-3009663685core:UnlistedNon-exchangeTraded2022-07-012023-06-3009663685core:MoreThanFiveYears2022-07-012023-06-3009663685core:Non-currentFinancialInstruments2023-06-3009663685core:Non-currentFinancialInstruments2022-06-3009663685dpl:CostSales2022-07-012023-06-3009663685dpl:DistributionCosts2022-07-012023-06-3009663685core:LandBuildings2022-07-012023-06-3009663685core:PlantMachinery2022-07-012023-06-3009663685core:Vehicles2022-07-012023-06-3009663685core:FurnitureFittings2022-07-012023-06-3009663685core:OfficeEquipment2022-07-012023-06-3009663685dpl:AdministrativeExpenses2022-07-012023-06-3009663685core:NetGoodwill2022-07-012023-06-3009663685core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009663685dpl:GroupUndertakings2022-07-012023-06-3009663685dpl:ParticipatingInterests2022-07-012023-06-3009663685dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3009663685core:ListedExchangeTraded2022-07-012023-06-3009663685dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3009663685core:UnlistedNon-exchangeTraded2022-07-012023-06-3009663685dpl:CostSales2021-07-012022-06-3009663685dpl:DistributionCosts2021-07-012022-06-3009663685core:LandBuildings2021-07-012022-06-3009663685core:PlantMachinery2021-07-012022-06-3009663685core:Vehicles2021-07-012022-06-3009663685core:FurnitureFittings2021-07-012022-06-3009663685core:OfficeEquipment2021-07-012022-06-3009663685dpl:AdministrativeExpenses2021-07-012022-06-3009663685core:NetGoodwill2021-07-012022-06-3009663685core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3009663685dpl:GroupUndertakings2021-07-012022-06-3009663685dpl:ParticipatingInterests2021-07-012022-06-3009663685dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3009663685core:ListedExchangeTraded2021-07-012022-06-3009663685dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3009663685core:UnlistedNon-exchangeTraded2021-07-012022-06-3009663685core:NetGoodwill2023-06-3009663685core:IntangibleAssetsOtherThanGoodwill2023-06-3009663685core:LandBuildings2023-06-3009663685core:PlantMachinery2023-06-3009663685core:Vehicles2023-06-3009663685core:FurnitureFittings2023-06-3009663685core:OfficeEquipment2023-06-3009663685core:AfterOneYear2023-06-3009663685core:WithinOneYear2023-06-3009663685core:ListedExchangeTraded2023-06-3009663685core:UnlistedNon-exchangeTraded2023-06-3009663685core:ShareCapital2023-06-3009663685core:SharePremium2023-06-3009663685core:RevaluationReserve2023-06-3009663685core:OtherReservesSubtotal2023-06-3009663685core:RetainedEarningsAccumulatedLosses2023-06-3009663685core:NetGoodwill2022-06-3009663685core:IntangibleAssetsOtherThanGoodwill2022-06-3009663685core:LandBuildings2022-06-3009663685core:PlantMachinery2022-06-3009663685core:Vehicles2022-06-3009663685core:FurnitureFittings2022-06-3009663685core:OfficeEquipment2022-06-3009663685core:AfterOneYear2022-06-3009663685core:WithinOneYear2022-06-3009663685core:ListedExchangeTraded2022-06-3009663685core:UnlistedNon-exchangeTraded2022-06-3009663685core:ShareCapital2022-06-3009663685core:SharePremium2022-06-3009663685core:RevaluationReserve2022-06-3009663685core:OtherReservesSubtotal2022-06-3009663685core:RetainedEarningsAccumulatedLosses2022-06-3009663685core:NetGoodwill2021-07-0109663685core:IntangibleAssetsOtherThanGoodwill2021-07-0109663685core:LandBuildings2021-07-0109663685core:PlantMachinery2021-07-0109663685core:Vehicles2021-07-0109663685core:FurnitureFittings2021-07-0109663685core:OfficeEquipment2021-07-0109663685core:AfterOneYear2021-07-0109663685core:WithinOneYear2021-07-0109663685core:ListedExchangeTraded2021-07-0109663685core:UnlistedNon-exchangeTraded2021-07-0109663685core:ShareCapital2021-07-0109663685core:SharePremium2021-07-0109663685core:RevaluationReserve2021-07-0109663685core:OtherReservesSubtotal2021-07-0109663685core:RetainedEarningsAccumulatedLosses2021-07-0109663685core:AfterOneYear2022-07-012023-06-3009663685core:WithinOneYear2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:CostValuation2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3009663685core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3009663685core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3009663685core:Non-currentFinancialInstrumentscore:CostValuation2022-06-3009663685core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-3009663685core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-3009663685bus:Director12022-07-012023-06-3009663685bus:Director22022-07-012023-06-30

THORNTON GROUP LIMITED

Registered Number
09663685
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

THORNTON GROUP LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

THORNTON, Ben
THORNTON, Leo

Registered Address

Robert Denholme House Bletchingley Road
Nutfield
Redhill
RH1 4HW

Registered Number

09663685 (England and Wales)
THORNTON GROUP LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets56,5108,680
6,5108,680
Current assets
Debtors77,1507,086
Cash at bank and on hand19,47821,719
26,62828,805
Creditors amounts falling due within one year8(19,091)(14,504)
Net current assets (liabilities)7,53714,301
Total assets less current liabilities14,04722,981
Creditors amounts falling due after one year9(7,321)(15,626)
Provisions for liabilities10(1,628)(1,649)
Net assets5,0985,706
Capital and reserves
Called up share capital100100
Profit and loss account4,9985,606
Shareholders' funds5,0985,706
The financial statements were approved and authorised for issue by the Board of Directors on 25 January 2024, and are signed on its behalf by:
THORNTON, Ben
Director
THORNTON, Leo
Director

Registered Company No. 09663685
THORNTON GROUP LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 July 2210,2956,28016,575
At 30 June 2310,2956,28016,575
Depreciation and impairment
At 01 July 224,3523,5437,895
Charge for year1,4866842,170
At 30 June 235,8384,22710,065
Net book value
At 30 June 234,4572,0536,510
At 30 June 225,9432,7378,680
6.Description of nature of transactions and balances with related parties
]The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.
7.Debtors

2023

2022

££
Trade debtors / trade receivables7,1507,086
Total7,1507,086
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables394
Bank borrowings and overdrafts4,346-
Taxation and social security14,63614,500
Other creditors70-
Total19,09114,504
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.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts7,32115,626
Total7,32115,626
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,6281,649
Total1,6281,649