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REGISTERED NUMBER: 13022211 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Thor Industries Ltd

Thor Industries Ltd (Registered number: 13022211)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thor Industries Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L J Thornhill





REGISTERED OFFICE: Ham Cross Lodge
Teffont
Salisbury
Wiltshire
SP3 5RW





REGISTERED NUMBER: 13022211 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Thor Industries Ltd (Registered number: 13022211)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 718,376 279,097

CURRENT ASSETS
Debtors 5 205,136 263,254
Cash at bank and in hand 50,476 43,562
255,612 306,816
CREDITORS
Amounts falling due within one year 6 509,605 443,680
NET CURRENT LIABILITIES (253,993 ) (136,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,383

142,233

CREDITORS
Amounts falling due after more than one
year

7

-

(24,945

)

PROVISIONS FOR LIABILITIES (94,959 ) (16,367 )
NET ASSETS 369,424 100,921

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 71,520 84,142
Retained earnings 297,903 16,778
369,424 100,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Thor Industries Ltd (Registered number: 13022211)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 20 February 2024 and were signed by:





L J Thornhill - Director


Thor Industries Ltd (Registered number: 13022211)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Thor Industries Ltd 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 December 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 April 2022.

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 etc - 25% on reducing balance, 15% on reducing balance and Straight line over 4 years

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.

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 year was 4 (2022 - 3 ) .

Thor Industries Ltd (Registered number: 13022211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 367,286
Additions 651,219
Disposals (110,621 )
At 31 December 2023 907,884
DEPRECIATION
At 1 January 2023 88,189
Charge for year 130,847
Eliminated on disposal (29,528 )
At 31 December 2023 189,508
NET BOOK VALUE
At 31 December 2023 718,376
At 31 December 2022 279,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 161,852 86,268
Amounts recoverable on contract 36,982 136,492
Other debtors 6,302 40,494
205,136 263,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 3,034 6,821
Trade creditors 72,704 8,955
Amounts owed to group undertakings 358,610 359,318
Taxation and social security 25,201 21,489
Other creditors 50,056 47,097
509,605 443,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 3,034
Other creditors - 21,911
- 24,945

Thor Industries Ltd (Registered number: 13022211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

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.

9. FIRST YEAR ADOPTION

Reconciliation of equity:

At
01.04.22

At
31.12.22
£    £   
Capital and reserves (as previously stated) (40,225 ) 33,245
Deferred tax on plant and machinery (12,846 ) (16,367 )
Revaluation of gifted asset - 98,990
Depreciation on gifted asset - (14,848 )
Correction of share capital (99 ) (99 )
Capital and reserves (as restated) (53,170 ) 100,921

Reconciliation of profit:



Period
01.04.22
to
31.12.22
£   
Profit for period (as previously reported) 73,470
Revaluation of gifted asset 98,990
Depreciation on gifted asset (14,848 )
Movement in deferred tax (3,521 )
154,091
Prior to the adoption of FRS 102 (section 1a), the financial statements were presented under FRS 105, where deferred tax is not recognised and revaluations are not permitted. The FRS 102 (section 1a) framework has been retrospectively applied to the comparatives figures with the date of adoption being 1 April 2022.

10. PARENT COMPANY INFORMATION

Thor Industries Ltd is a wholly owned subsidiary of Thor Business Holdings Ltd, whose registered office is Ham Cross Lodge, Teffont, Salisbury, England, SP3 5RW.

The parent company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.