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Registered number: 07572264
Thorne Cleaning Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07572264
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 87,500 100,000
Tangible Assets 5 67,039 36,560
154,539 136,560
CURRENT ASSETS
Stocks 6 79,746 87,674
Debtors 7 208,739 155,623
Cash at bank and in hand 406,275 584,781
694,760 828,078
Creditors: Amounts Falling Due Within One Year 8 (252,728 ) (309,893 )
NET CURRENT ASSETS (LIABILITIES) 442,032 518,185
TOTAL ASSETS LESS CURRENT LIABILITIES 596,571 654,745
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,068 ) (7,127 )
NET ASSETS 583,503 647,618
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 583,403 647,518
SHAREHOLDERS' FUNDS 583,503 647,618
Page 1
Page 2
For the year ending 30 April 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 Profit and Loss Account.
On behalf of the board
Mr David Vincent
Director
25 June 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thorne Cleaning Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07572264 . The registered office is Unit 20, Acorn Industrial Park, Crayford Road , Dartford Kent , DA1 4AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 15% Reducing balance basis
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 250,000
As at 30 April 2024 250,000
Amortisation
As at 1 May 2023 150,000
Provided during the period 12,500
As at 30 April 2024 162,500
Net Book Value
As at 30 April 2024 87,500
As at 1 May 2023 100,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 82,742 22,392 105,134
Additions 55,580 1,191 56,771
Disposals (38,992 ) - (38,992 )
As at 30 April 2024 99,330 23,583 122,913
Depreciation
As at 1 May 2023 54,435 14,139 68,574
Provided during the period 19,671 1,417 21,088
Disposals (33,788 ) - (33,788 )
As at 30 April 2024 40,318 15,556 55,874
Net Book Value
As at 30 April 2024 59,012 8,027 67,039
As at 1 May 2023 28,307 8,253 36,560
6. Stocks
2024 2023
£ £
Materials 79,746 87,674
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 203,993 150,877
Prepayments and accrued income 4,746 4,746
208,739 155,623
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 123,903 131,698
Corporation tax - 16,879
Other taxes and social security 2,013 2,019
VAT 22,889 18,634
Other creditors 1,258 650
Accruals and deferred income 4,225 4,200
Directors' loan accounts 98,440 135,813
252,728 309,893
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 75,400 75,400
Page 5