1 December 2022 false No description of principal activity Taxfiler 2024.5 09018965business:PrivateLimitedCompanyLtd2022-12-012023-11-30 090189652022-11-30 090189652022-12-012023-11-30 09018965business:AuditExemptWithAccountantsReport2022-12-012023-11-30 09018965business:FilletedAccounts2022-12-012023-11-30 090189652023-11-30 09018965business:Director12022-12-012023-11-30 09018965business:Director22022-12-012023-11-30 09018965business:RegisteredOffice2022-12-012023-11-30 090189652022-11-30 09018965core:WithinOneYear2023-11-30 09018965core:WithinOneYear2022-11-30 09018965core:AfterOneYear2023-11-30 09018965core:AfterOneYear2022-11-30 09018965core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09018965core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 09018965core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09018965core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 09018965core:PreviouslyStatedAmount2023-11-30 09018965core:PreviouslyStatedAmount2022-11-30 09018965business:SmallEntities2022-12-012023-11-30 09018965countries:EnglandWales2022-12-012023-11-30 09018965core:PlantMachinery2022-12-012023-11-30 09018965core:MotorVehicles2022-12-012023-11-30 09018965core:FurnitureFittings2022-12-012023-11-30 09018965core:PlantMachinery2022-11-30 09018965core:MotorVehicles2022-11-30 09018965core:FurnitureFittings2022-11-30 09018965core:PlantMachinery2023-11-30 09018965core:MotorVehicles2023-11-30 09018965core:FurnitureFittings2023-11-30 09018965business:Director112022-12-012023-11-30 09018965business:Director112022-11-30 09018965business:Director112023-11-30 090189652021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 09018965 (England and Wales)
Thornacre Ltd Unaudited accounts for the year ended 30 November 2023
Thornacre Ltd Unaudited accounts Contents
Page
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Thornacre Ltd Company Information for the year ended 30 November 2023
Directors
N A Reed Z E Reed
Company Number
09018965 (England and Wales)
Registered Office
26 Mount Pleasant, Bedlinog, Treharris, CF46 6SD
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Thornacre Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,431 
35,177 
Current assets
Debtors
31,690 
35,365 
Cash at bank and in hand
- 
6,082 
31,690 
41,447 
Creditors: amounts falling due within one year
(33,496)
(32,344)
Net current (liabilities)/assets
(1,806)
9,103 
Total assets less current liabilities
24,625 
44,280 
Creditors: amounts falling due after more than one year
(24,526)
(30,980)
Net assets
99 
13,300 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
89 
13,290 
Shareholders' funds
99 
13,300 
For the year ending 30 November 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 27 August 2024 and were signed on its behalf by
N A Reed Director Company Registration No. 09018965
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Thornacre Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Thornacre Ltd is a private company, limited by shares, registered in England and Wales, registration number 09018965. The registered office is 26 Mount Pleasant,, Bedlinog,, Treharris,, CF46 6SD .
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Thornacre Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
11,603 
49,935 
1,447 
62,985 
At 30 November 2023
11,603 
49,935 
1,447 
62,985 
Depreciation
At 1 December 2022
4,439 
22,390 
979 
27,808 
Charge for the year
1,791 
6,886 
69 
8,746 
At 30 November 2023
6,230 
29,276 
1,048 
36,554 
Net book value
At 30 November 2023
5,373 
20,659 
399 
26,431 
At 30 November 2022
7,164 
27,545 
468 
35,177 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,690 
35,365 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,854 
- 
VAT
12,499 
16,464 
Taxes and social security
12,619 
13,913 
Loans from directors
(8,303)
155 
Accruals
3,827 
1,812 
33,496 
32,344 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,526 
24,472 
Obligations under finance leases and hire purchase contracts
- 
6,508 
24,526 
30,980 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Due from Director
(155)
8,458 
- 
8,303 
(155)
8,458 
- 
8,303 
Repaid in full 27/8/24.
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Thornacre Ltd Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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