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REGISTERED NUMBER: 05854257 (England and Wales)















THORTECK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






THORTECK LIMITED (REGISTERED NUMBER: 05854257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THORTECK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: S Burchell
J Burchell





SECRETARY: S Burchell





REGISTERED OFFICE: Pembroke House
Ty Coch Lane
Llantarnam Park Way
Cwmbran
NP44 3AU





REGISTERED NUMBER: 05854257 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

THORTECK LIMITED (REGISTERED NUMBER: 05854257)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,576 19,221
67,576 19,221

CURRENT ASSETS
Debtors 6 2,880 54,326
Cash at bank 139,501 141,994
142,381 196,320
CREDITORS
Amounts falling due within one year 7 60,543 108,075
NET CURRENT ASSETS 81,838 88,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,414

107,466

CREDITORS
Amounts falling due after more than one
year

8

(31,425

)

(37,394

)

PROVISIONS FOR LIABILITIES (12,199 ) (2,936 )
NET ASSETS 105,790 67,136

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 104,790 66,136
SHAREHOLDERS' FUNDS 105,790 67,136

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

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

THORTECK LIMITED (REGISTERED NUMBER: 05854257)

BALANCE SHEET - continued
31ST OCTOBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th January 2025 and were signed on its behalf by:





S Burchell - Director


THORTECK LIMITED (REGISTERED NUMBER: 05854257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Thorteck 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

THORTECK LIMITED (REGISTERED NUMBER: 05854257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 500
AMORTISATION
At 1st November 2023
and 31st October 2024 500
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

THORTECK LIMITED (REGISTERED NUMBER: 05854257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2023 950 44,864 3,692 49,506
Additions 1,246 70,944 - 72,190
Disposals - (41,046 ) - (41,046 )
At 31st October 2024 2,196 74,762 3,692 80,650
DEPRECIATION
At 1st November 2023 950 26,137 3,198 30,285
Charge for year - 8,626 173 8,799
Eliminated on disposal - (26,010 ) - (26,010 )
At 31st October 2024 950 8,753 3,371 13,074
NET BOOK VALUE
At 31st October 2024 1,246 66,009 321 67,576
At 31st October 2023 - 18,727 494 19,221

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st November 2023 31,050
Transfer to ownership (31,050 )
At 31st October 2024 -
DEPRECIATION
At 1st November 2023 17,095
Transfer to ownership (17,095 )
At 31st October 2024 -
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 13,955

THORTECK LIMITED (REGISTERED NUMBER: 05854257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (1,111 ) 48,190
Other debtors 868 6,136
Prepayments 3,123 -
2,880 54,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,882 5,882
Hire purchase contracts - 12,452
Trade creditors 7,785 4,160
Corporation Tax - 20,463
Social security and other taxes 6,893 19,510
VAT 28,908 34,958
Other creditors 469 701
Natwest Credit Card 10 -
Directors' current accounts 9,440 7,322
Accruals and deferred income 1,156 2,627
60,543 108,075

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 31,425 37,394

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- S Burchell is owed £8,765 from the company (2023 - S Burchell - £5,433).
- J Burchell is owed £675 from the company (2023 - J Burchell - £1,889).