Company Registration No. 08968319 (England and Wales)
THORNDIKE LIMITED
Unaudited accounts
for the year ended 31 March 2024
THORNDIKE LIMITED
Unaudited accounts
Contents
THORNDIKE LIMITED
Company Information
for the year ended 31 March 2024
Directors
Dr B Manzoor
Dr S Shah
Company Number
08968319 (England and Wales)
Registered Office
374 HIGH STREET
ROCHESTER
KENT
ME1 1DJ
THORNDIKE LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
72,890
64,528
Tangible assets
45,358
56,698
Cash at bank and in hand
1,895,740
1,544,862
Creditors: amounts falling due within one year
(508,468)
(460,419)
Net current assets
1,430,794
1,125,447
Total assets less current liabilities
1,549,043
1,246,673
Provisions for liabilities
Deferred tax
(14,174)
(10,772)
Net assets
1,534,869
1,235,901
Called up share capital
1,000
1,000
Profit and loss account
1,533,869
1,234,901
Shareholders' funds
1,534,869
1,235,901
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 10 November 2024 and were signed on its behalf by
Dr B Manzoor
Director
Company Registration No. 08968319
THORNDIKE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
THORNDIKE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08968319. The registered office is 374 HIGH STREET, ROCHESTER, KENT, ME1 1DJ.
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
20% written down value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2023
651,846
230,000
881,846
At 31 March 2024
651,846
230,000
881,846
At 1 April 2023
651,846
165,472
817,318
Charge for the year
-
(8,362)
(8,362)
At 31 March 2024
651,846
157,110
808,956
At 31 March 2024
-
72,890
72,890
At 31 March 2023
-
64,528
64,528
Other intangible assets represents 148000 XRP cryptocurrency.The amortisation is provided to reflect their value as at balance sheet date
THORNDIKE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Charge for the year
11,340
6
Investments
Subsidiary undertakings
Valuation at 1 April 2023
-
Valuation at 31 March 2024
1
Amounts falling due within one year
Trade debtors
43,522
40,689
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
55,538
42,666
Taxes and social security
102,624
70,442
Other creditors
31,233
31,797
Loans from directors
319,073
315,514
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).