Company Registration No. 7585360 (England and Wales)
Thorp Farms Ltd
Unaudited accounts
for the year ended 31 March 2024
Thorp Farms Ltd
Unaudited accounts
Contents
Thorp Farms Ltd
Company Information
for the year ended 31 March 2024
Directors
D M Thorp
A N Birch
Company Number
7585360 (England and Wales)
Registered Office
28 Terminus Road
Sheffield
S7 2LH
Accountants
HART SIMPSON
65 Ward Street
New Tupton
Chesterfield
Derbyshire
S42 6XR
Thorp Farms Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
621,453
587,225
Inventories
250,165
244,595
Cash at bank and in hand
47,489
28,100
Creditors: amounts falling due within one year
(280,891)
(305,126)
Net current assets/(liabilities)
31,776
(12,580)
Net assets
653,229
574,645
Called up share capital
100
100
Profit and loss account
653,129
574,545
Shareholders' funds
653,229
574,645
For the year ending 31 March 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 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 22 October 2024 and were signed on its behalf by
D M Thorp
Director
Company Registration No. 7585360
Thorp Farms Ltd
Notes to the Accounts
for the year ended 31 March 2024
Thorp Farms Ltd is a private company, limited by shares, registered in England and Wales, registration number 7585360. The registered office is 28 Terminus Road, Sheffield, S7 2LH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
265,788
544,162
809,950
Disposals
-
(31,000)
(31,000)
At 31 March 2024
265,788
594,462
860,250
At 1 April 2023
-
222,725
222,725
Charge for the year
-
16,072
16,072
At 31 March 2024
-
238,797
238,797
At 31 March 2024
265,788
355,665
621,453
At 31 March 2023
265,788
321,437
587,225
Amounts falling due within one year
Other debtors
15,013
19,851
Thorp Farms Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,028
3,483
Taxes and social security
10,200
8,441
Loans from directors
267,663
293,202
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Average number of employees
During the year the average number of employees was 2 (2023: 2).