Company Registration No. 06538377 (England and Wales)
THORNLEY'S LTD
Unaudited accounts
for the year ended 29 February 2024
THORNLEY'S LTD
Unaudited accounts
Contents
THORNLEY'S LTD
Company Information
for the year ended 29 February 2024
Directors
Iwo Adam Kurowski
Iwona Magdalena Kurowska
Company Number
06538377 (England and Wales)
Registered Office
THORNLEY'S GARAGE CHORLEY ROAD
WALTON-LE-DALE
PRESTON
PR5 4JN
ENGLAND
Accountants
SMART ACCOUNTING (NW) LTD
239 RIBBLETON LANE
PRESTON
PR1 5EA
THORNLEY'S LTD
Statement of financial position
as at 29 February 2024
Tangible assets
5,663
7,089
Cash at bank and in hand
361
6,148
Creditors: amounts falling due within one year
(1,014)
-
Net current assets
57,365
53,181
Total assets less current liabilities
63,028
60,270
Creditors: amounts falling due after more than one year
(25,911)
(25,281)
Called up share capital
1,000
1,000
Profit and loss account
36,117
33,989
Shareholders' funds
37,117
34,989
For the year ending 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 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 8 July 2024 and were signed on its behalf by
Iwo Adam Kurowski
Director
Company Registration No. 06538377
THORNLEY'S LTD
Notes to the Accounts
for the year ended 29 February 2024
THORNLEY'S LTD is a private company, limited by shares, registered in England and Wales, registration number 06538377. The registered office is THORNLEY'S GARAGE CHORLEY ROAD, WALTON-LE-DALE, PRESTON, PR5 4JN, ENGLAND.
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:
Plant & machinery
18 % on WDV
Motor vehicles
18 % on WDV
Fixtures & fittings
18 % on WDV
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
38,712
500
3,589
42,801
At 29 February 2024
38,712
500
3,589
42,801
At 1 March 2023
32,011
317
3,384
35,712
Charge for the year
1,206
183
37
1,426
At 29 February 2024
33,217
500
3,421
37,138
At 29 February 2024
5,495
-
168
5,663
At 28 February 2023
6,701
183
205
7,089
Amounts falling due after more than one year
Other debtors
47,033
47,033
THORNLEY'S LTD
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
260
-
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
2,911
2,281
Loans from directors
-
17,624
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).