IRIS Accounts Production v24.2.0.383 09554718 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095547182022-11-30095547182023-11-30095547182022-12-012023-11-30095547182021-11-30095547182021-12-012022-11-30095547182022-11-3009554718ns15:EnglandWales2022-12-012023-11-3009554718ns14:PoundSterling2022-12-012023-11-3009554718ns10:Director12022-12-012023-11-3009554718ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009554718ns10:SmallEntities2022-12-012023-11-3009554718ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3009554718ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009554718ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009554718ns10:FullAccounts2022-12-012023-11-3009554718ns10:OrdinaryShareClass12022-12-012023-11-3009554718ns10:RegisteredOffice2022-12-012023-11-3009554718ns5:CurrentFinancialInstruments2023-11-3009554718ns5:CurrentFinancialInstruments2022-11-3009554718ns5:Non-currentFinancialInstruments2023-11-3009554718ns5:Non-currentFinancialInstruments2022-11-3009554718ns5:ShareCapital2023-11-3009554718ns5:ShareCapital2022-11-3009554718ns5:RetainedEarningsAccumulatedLosses2023-11-3009554718ns5:RetainedEarningsAccumulatedLosses2022-11-3009554718ns5:PlantMachinery2022-12-012023-11-3009554718ns5:FurnitureFittings2022-12-012023-11-3009554718ns5:MotorVehicles2022-12-012023-11-3009554718ns5:PlantMachinery2022-11-3009554718ns5:FurnitureFittings2022-11-3009554718ns5:MotorVehicles2022-11-3009554718ns5:PlantMachinery2023-11-3009554718ns5:FurnitureFittings2023-11-3009554718ns5:MotorVehicles2023-11-3009554718ns5:PlantMachinery2022-11-3009554718ns5:FurnitureFittings2022-11-3009554718ns5:MotorVehicles2022-11-3009554718ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3009554718ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3009554718ns5:CurrentFinancialInstruments2022-12-012023-11-3009554718ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3009554718ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-11-3009554718ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3009554718ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3009554718ns5:DeferredTaxation2022-11-3009554718ns5:DeferredTaxation2023-11-3009554718ns10:OrdinaryShareClass12023-11-30095547181ns10:Director12022-11-30095547181ns10:Director12021-11-30095547181ns10:Director12022-12-012023-11-30095547181ns10:Director12021-12-012022-11-30095547181ns10:Director12023-11-30095547181ns10:Director12022-11-30
















THORNTON M LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THORNTON M LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M C Thornton





REGISTERED OFFICE: 3 South View
Mountain
Queensbury
Bradford
West Yorkshire
BD13 1JF





REGISTERED NUMBER: 09554718 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,076 43,502

CURRENT ASSETS
Stocks 69,591 100,492
Debtors 5 133,093 108,093
Cash at bank 26,211 23,664
228,895 232,249
CREDITORS
Amounts falling due within one year 6 49,007 46,209
NET CURRENT ASSETS 179,888 186,040
TOTAL ASSETS LESS CURRENT LIABILITIES 212,964 229,542

CREDITORS
Amounts falling due after more than one
year

7

(7,440

)

(12,601

)

PROVISIONS FOR LIABILITIES 8 (6,284 ) (8,265 )
NET ASSETS 199,240 208,676

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 199,239 208,675
SHAREHOLDERS' FUNDS 199,240 208,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





M C Thornton - Director


THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Thornton M Limited 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 1,854 7,299 99,830 108,983
DEPRECIATION
At 1 December 2022 1,001 2,817 61,663 65,481
Charge for year 213 672 9,541 10,426
At 30 November 2023 1,214 3,489 71,204 75,907
NET BOOK VALUE
At 30 November 2023 640 3,810 28,626 33,076
At 30 November 2022 853 4,482 38,167 43,502

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 122,692 106,682
Other debtors 1,556 -
Directors' current accounts 7,152 -
Prepayments 1,693 1,411
133,093 108,093

THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,808 5,017
Trade creditors 28,376 25,992
Tax 7,743 7,108
Social security and other taxes 350 547
VAT 4,760 2,962
Snap-on loans 910 -
Directors' current accounts - 2,623
Accrued expenses 2,060 1,960
49,007 46,209

Loans from directors are interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 4,929 5,144
Bank loans - 2-5 years 2,511 7,457
7,440 12,601

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 6,284 8,265

Deferred
tax
£   
Balance at 1 December 2022 8,265
Accelerated capital allowances (1,981 )
Balance at 30 November 2023 6,284

The entire deferred tax liability consists of accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1.00 1 1

THORNTON M LIMITED (REGISTERED NUMBER: 09554718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M C Thornton
Balance outstanding at start of year (2,622 ) (8,381 )
Amounts advanced 62,193 52,751
Amounts repaid (52,419 ) (46,992 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,152 (2,622 )

The director's loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M C Thornton.