IRIS Accounts Production v24.3.2.46 12605620 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126056202023-05-31126056202024-05-31126056202023-06-012024-05-31126056202022-05-31126056202022-06-012023-05-31126056202023-05-3112605620ns15:EnglandWales2023-06-012024-05-3112605620ns14:PoundSterling2023-06-012024-05-3112605620ns10:Director12023-06-012024-05-3112605620ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112605620ns10:SmallEntities2023-06-012024-05-3112605620ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112605620ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112605620ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112605620ns10:FullAccounts2023-06-012024-05-3112605620ns10:RegisteredOffice2023-06-012024-05-3112605620ns5:CurrentFinancialInstruments2024-05-3112605620ns5:CurrentFinancialInstruments2023-05-3112605620ns5:Non-currentFinancialInstruments2024-05-3112605620ns5:Non-currentFinancialInstruments2023-05-3112605620ns5:ShareCapital2024-05-3112605620ns5:ShareCapital2023-05-3112605620ns5:RetainedEarningsAccumulatedLosses2024-05-3112605620ns5:RetainedEarningsAccumulatedLosses2023-05-3112605620ns5:PlantMachinery2023-06-012024-05-3112605620ns5:MotorVehicles2023-06-012024-05-3112605620ns5:ComputerEquipment2023-06-012024-05-3112605620ns5:PlantMachinery2023-05-3112605620ns5:MotorVehicles2023-05-3112605620ns5:ComputerEquipment2023-05-3112605620ns5:PlantMachinery2024-05-3112605620ns5:MotorVehicles2024-05-3112605620ns5:ComputerEquipment2024-05-3112605620ns5:PlantMachinery2023-05-3112605620ns5:MotorVehicles2023-05-3112605620ns5:ComputerEquipment2023-05-3112605620ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3112605620ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3112605620ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-05-3112605620ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-05-31126056201ns10:Director12023-05-31126056201ns10:Director12022-05-31126056201ns10:Director12023-06-012024-05-31126056201ns10:Director12022-06-012023-05-31126056201ns10:Director12024-05-31126056201ns10:Director12023-05-31
REGISTERED NUMBER: 12605620 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

THOR ELECTRICAL & LIGHTING LTD

THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOR ELECTRICAL & LIGHTING LTD

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mr C A L Shenton





REGISTERED OFFICE: 101 Weston Road
Lichfield
Staffs
WS13 7PA





REGISTERED NUMBER: 12605620 (England and Wales)






THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,395 65,120

CURRENT ASSETS
Stocks 9,500 -
Debtors 5 25,512 44,095
Cash at bank 3,139 6,757
38,151 50,852
CREDITORS
Amounts falling due within one year 6 32,783 17,865
NET CURRENT ASSETS 5,368 32,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,763

98,107

CREDITORS
Amounts falling due after more than
one year

7

9,506

64,885
NET ASSETS 18,257 33,222

THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Balance Sheet - continued
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 18,252 33,217
SHAREHOLDERS' FUNDS 18,257 33,222

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

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 director and authorised for issue on 23rd October 2024 and were signed by:





Mr C A L Shenton - Director


THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

Thor Electrical & Lighting 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.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 20% 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 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.


THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1st June 2023 8,529 89,970 1,255 99,754
Disposals - (62,995 ) - (62,995 )
At 31st May 2024 8,529 26,975 1,255 36,759
DEPRECIATION
At 1st June 2023 1,396 32,987 251 34,634
Charge for year 714 5,058 201 5,973
Eliminated on disposal - (26,243 ) - (26,243 )
At 31st May 2024 2,110 11,802 452 14,364
NET BOOK VALUE
At 31st May 2024 6,419 15,173 803 22,395
At 31st May 2023 7,133 56,983 1,004 65,120

THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 15,501 41,681
Other debtors 360 2,414
15,861 44,095

Amounts falling due after more than one year:
Other debtors 9,651 -

Aggregate amounts 25,512 44,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 4,074 4,074
Trade creditors 5,422 9,450
Taxation and social security 23,171 4,055
Other creditors 116 286
32,783 17,865

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 9,506 31,124
Other creditors - 33,761
9,506 64,885

THOR ELECTRICAL & LIGHTING LTD (REGISTERED NUMBER: 12605620)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
Mr C A L Shenton
Balance outstanding at start of year (33,761 ) (25,965 )
Amounts advanced 43,412 -
Amounts repaid - (7,796 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,651 (33,761 )