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REGISTERED NUMBER: 04120268 (England and Wales)














THUNDERHILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






THUNDERHILL LIMITED (REGISTERED NUMBER: 04120268)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THUNDERHILL LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: K J Moore
S J M Willis





SECRETARY: S J M Willis





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 04120268 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

THUNDERHILL LIMITED (REGISTERED NUMBER: 04120268)

STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 680,181 659,620

CURRENT ASSETS
Stocks 649,327 631,800
Debtors 6 1,009,953 1,242,107
Cash at bank and in hand 4,281 133,827
1,663,561 2,007,734
CREDITORS
Amounts falling due within one year 7 1,689,692 1,971,407
NET CURRENT (LIABILITIES)/ASSETS (26,131 ) 36,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,050

695,947

CREDITORS
Amounts falling due after more than one
year

8

(264,457

)

(259,016

)

PROVISIONS FOR LIABILITIES (12,163 ) (10,444 )
NET ASSETS 377,430 426,487

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2,000 2,000
Retained earnings 375,430 424,487
SHAREHOLDERS' FUNDS 377,430 426,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

THUNDERHILL LIMITED (REGISTERED NUMBER: 04120268)

STATEMENT OF FINANCIAL POSITION - continued
29 February 2024


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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





S J M Willis - Director


THUNDERHILL LIMITED (REGISTERED NUMBER: 04120268)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Thunderhill 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Office equipment - 20% 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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

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.

THUNDERHILL LIMITED (REGISTERED NUMBER: 04120268)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised using the performance model and are recognised in other income when the grants proceeds are received or receivable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 25 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 709,716 25,534 33,502 110,721 879,473
Additions - - - 57,000 57,000
Disposals - (13,087 ) (18,529 ) (2,000 ) (33,616 )
At 29 February 2024 709,716 12,447 14,973 165,721 902,857
DEPRECIATION
At 1 March 2023 96,262 22,946 21,647 78,998 219,853
Charge for year 14,194 480 1,867 16,724 33,265
Eliminated on disposal - (12,896 ) (16,000 ) (1,546 ) (30,442 )
At 29 February 2024 110,456 10,530 7,514 94,176 222,676
NET BOOK VALUE
At 29 February 2024 599,260 1,917 7,459 71,545 680,181
At 28 February 2023 613,454 2,588 11,855 31,723 659,620

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 946,247 1,126,815
Other debtors 63,706 115,292
1,009,953 1,242,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 638,065 886,462
Hire purchase contracts (see note 9) 8,601 248
Trade creditors 961,322 848,259
Taxation and social security 60,315 111,905
Other creditors 21,389 124,533
1,689,692 1,971,407

THUNDERHILL LIMITED (REGISTERED NUMBER: 04120268)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 226,879 259,016
Hire purchase contracts (see note 9) 37,578 -
264,457 259,016

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 82,637 121,181

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,601 248
Between one and five years 37,578 -
46,179 248

Non-cancellable operating leases
2024 2023
£    £   
Within one year 73,555 65,179
Between one and five years 120,286 169,995
In more than five years - 8,333
193,841 243,507

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 605,927 855,716
Bank loans 259,017 289,762
Hire purchase contracts 46,179 248
911,123 1,145,726

11. RELATED PARTY DISCLOSURES

SDE Holdings Limited, the parent company, were provided loans by the company which are interest free and repayable on demand. The amount outstanding at the year end was £1,000.