Company registration number 13751779 (England and Wales)
Ben Thornber & Sons (Holdings) Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 29 February 2024
PAGES FOR FILING WITH REGISTRAR
Ben Thornber & Sons (Holdings) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Ben Thornber & Sons (Holdings) Ltd
Statement of financial position
as at 29 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
532,856
381,807
Investments
3
100
100
532,956
381,907
Current assets
-
-
Creditors: amounts falling due within one year
(261,198)
(210,228)
Net current liabilities
(261,198)
(210,228)
Total assets less current liabilities
271,758
171,679
Provisions for liabilities
4
(82,242)
(53,543)
Net assets
189,516
118,136
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
189,416
118,036
Total equity
189,516
118,136
Ben Thornber & Sons (Holdings) Ltd
Statement of financial position (continued)
as at 29 February 2024
- 2 -
For the financial year ended 29 February 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 17 October 2024 and are signed on its behalf by:
B Thornber
Director
Company registration number 13751779 (England and Wales)
Ben Thornber & Sons (Holdings) Ltd
Notes to the financial statements
for the year ended 29 February 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
No depreciation
Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Ben Thornber & Sons (Holdings) Ltd
Notes to the financial statements (continued)
for the year ended 29 February 2024
- 4 -
2
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2023
100,000
241,700
75,144
416,844
Additions
211,047
211,047
At 29 February 2024
100,000
452,747
75,144
627,891
Depreciation and impairment
At 1 March 2023
21,108
13,929
35,037
Depreciation charged in the year
44,694
15,304
59,998
At 29 February 2024
65,802
29,233
95,035
Carrying amount
At 29 February 2024
100,000
386,945
45,911
532,856
At 28 February 2023
100,000
220,592
61,215
381,807
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
82,242
53,543
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
100
100
100
100
6
Company information
Ben Thornber & Sons (Holdings) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.