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REGISTERED NUMBER: 05831160 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Thornbury Refrigeration Ltd

Thornbury Refrigeration Ltd (Registered number: 05831160)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thornbury Refrigeration Ltd

Company Information
for the year ended 31 July 2024







DIRECTORS: N G Ranson
R S Ranson





SECRETARY:





REGISTERED OFFICE: 34 Mill Lane
Witham
Essex
CM8 1BP





REGISTERED NUMBER: 05831160 (England and Wales)





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Thornbury Refrigeration Ltd (Registered number: 05831160)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 491 1,223
491 1,223

CURRENT ASSETS
Debtors 6 1,539 2,450
Cash at bank 66,492 108,748
68,031 111,198
CREDITORS
Amounts falling due within one year 7 27,217 21,717
NET CURRENT ASSETS 40,814 89,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,305

90,704

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8 41,105 90,504
41,305 90,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:




N G Ranson - Director


Thornbury Refrigeration Ltd (Registered number: 05831160)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Thornbury Refrigeration Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Thornbury Refrigeration Ltd (Registered number: 05831160)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 450,000
AMORTISATION
At 1 August 2023
and 31 July 2024 450,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 122,493
DEPRECIATION
At 1 August 2023 121,270
Charge for year 732
At 31 July 2024 122,002
NET BOOK VALUE
At 31 July 2024 491
At 31 July 2023 1,223

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,539 2,450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 550 698
Taxation and social security 3,863 11,582
Other creditors 22,804 9,437
27,217 21,717

Thornbury Refrigeration Ltd (Registered number: 05831160)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

8. RESERVES
Retained
earnings
£   

At 1 August 2023 90,504
Profit for the year 16,601
Dividends (66,000 )
At 31 July 2024 41,105

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
R S Ranson
Balance outstanding at start of year (1,203 ) (946 )
Amounts repaid (1,610 ) (257 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,813 ) (1,203 )

N G Ranson
Balance outstanding at start of year (2,576 ) (2,291 )
Amounts repaid (1,976 ) (285 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,552 ) (2,576 )

10. RELATED PARTY DISCLOSURES

Interest of £202 (2023: £254) was charged to the directors on their overdrawn loan account in the year.