Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 April 2022 false 1 July 2023 30 June 2024 30 June 2024 10150975 Mr A C Edwards Mrs R J Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10150975 2023-06-30 10150975 2024-06-30 10150975 2023-07-01 2024-06-30 10150975 frs-core:CurrentFinancialInstruments 2024-06-30 10150975 frs-core:FurnitureFittings 2024-06-30 10150975 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10150975 frs-core:FurnitureFittings 2023-06-30 10150975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 10150975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 10150975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 10150975 frs-core:ShareCapital 2024-06-30 10150975 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10150975 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10150975 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10150975 frs-bus:SmallEntities 2023-07-01 2024-06-30 10150975 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10150975 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10150975 frs-bus:Director1 2023-07-01 2024-06-30 10150975 frs-bus:Director2 2023-07-01 2024-06-30 10150975 frs-countries:EnglandWales 2023-07-01 2024-06-30 10150975 2022-03-31 10150975 2023-06-30 10150975 2022-04-01 2023-06-30 10150975 frs-core:CurrentFinancialInstruments 2023-06-30 10150975 frs-core:ShareCapital 2023-06-30 10150975 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10150975
Thorntons Of Crosshills Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Crag & Co
Chartered Accountants & Chartered Tax Advisers
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10150975
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,084 9,511
8,084 9,511
CURRENT ASSETS
Stocks 2,000 -
Debtors 5 13,316 772
Cash at bank and in hand 3,374 1,779
18,690 2,551
Creditors: Amounts Falling Due Within One Year 6 (25,013 ) (14,278 )
NET CURRENT ASSETS (LIABILITIES) (6,323 ) (11,727 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,761 (2,216 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,536 ) -
NET ASSETS/(LIABILITIES) 225 (2,216 )
CAPITAL AND RESERVES
Called up share capital 2 2
Income Statement 223 (2,218 )
SHAREHOLDERS' FUNDS 225 (2,216)
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For the year ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr A C Edwards
Director
16/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Thorntons Of Crosshills Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10150975 . The registered office is First Floor, Embsay Mill, Embsay, Skipton, North Yorkshire, BD23 6QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable for goods sold, net of Value Added Tax.
Turnover is recognised on a daily, point of sale basis.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the term of the lease
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
2.7. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
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2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 8,617 21,434 30,051
As at 30 June 2024 8,617 21,434 30,051
Depreciation
As at 1 July 2023 8,617 11,923 20,540
Provided during the period - 1,427 1,427
As at 30 June 2024 8,617 13,350 21,967
Net Book Value
As at 30 June 2024 - 8,084 8,084
As at 1 July 2023 - 9,511 9,511
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Other debtors 12,000 -
VAT 1,316 772
13,316 772
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6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 13,364 -
Corporation tax 1,152 -
Other taxes and social security 1,759 39
Other creditors 41 -
Accruals and deferred income 1,500 1,500
Directors' loan accounts 7,197 12,739
25,013 14,278
7. Pension Commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,025 (2023 - £1,319).
Contributions totalling £41 (2023 - £nil) were payable to the fund at the year end, and are included in creditors: amounts falling due within one year.
8. Related Party Transactions
Included in creditors: amounts falling due within one year, is a directors loan account balance of £7,197 (2023 - £12,739) owing to the directors.
The loan is interest free and repayable on demand.
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