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REGISTERED NUMBER: 03372462 (England and Wales)















Financial Statements for the Year Ended 5 April 2023

for

Thornton Trading Co. Limited

Thornton Trading Co. Limited (Registered number: 03372462)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thornton Trading Co. Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: B Thornton
R Thornton
L Thornton
L Thornton





REGISTERED OFFICE: 86 Burlington Road
New Malden
Surrey
KT3 4NT





REGISTERED NUMBER: 03372462 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
86 Burlington Road
New Malden
Surrey
KT3 4NT

Thornton Trading Co. Limited (Registered number: 03372462)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 941 1,176

CURRENT ASSETS
Debtors 5 9,019 10,876
Cash at bank 37,277 27,993
46,296 38,869
CREDITORS
Amounts falling due within one year 6 5,636 9,100
NET CURRENT ASSETS 40,660 29,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,601

30,945

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 40,601 29,945
SHAREHOLDERS' FUNDS 41,601 30,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





R Thornton - Director


Thornton Trading Co. Limited (Registered number: 03372462)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Thornton Trading Co. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern.

At the year end the current liabilities exceeded current assets by £17,116.

The validity of this basis depends upon the continued support of the company's director. The director confirms that they will give the required support.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year 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.

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 year 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.

Thornton Trading Co. Limited (Registered number: 03372462)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 6 April 2022
and 5 April 2023 7,182 657 1,057 7,478 16,374
DEPRECIATION
At 6 April 2022 7,182 636 1,024 6,356 15,198
Charge for year - 4 7 224 235
At 5 April 2023 7,182 640 1,031 6,580 15,433
NET BOOK VALUE
At 5 April 2023 - 17 26 898 941
At 5 April 2022 - 21 33 1,122 1,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 9,019 10,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors 3 900
Taxation and social security 5,633 3,478
Other creditors - 4,722
5,636 9,100

7. RELATED PARTY DISCLOSURES

Included in other creditors is £0 (2022 - £4,722), which is owed to R Thornton, the director and shareholder. This loan is provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.