Company Registration No. 00626413 (England and Wales)
Thorntons (Whinburn Farm) Limited
Unaudited accounts
for the year ended 31 May 2024
Thorntons (Whinburn Farm) Limited
Unaudited accounts
Contents
Thorntons (Whinburn Farm) Limited
Company Information
for the year ended 31 May 2024
Directors
GM Thornton
SJ Thornton
SJ Grunshaw
Company Number
00626413 (England and Wales)
Registered Office
The Old Barn, Mathew Lane
Bradley
Keighley
BD20 9DF
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Thorntons (Whinburn Farm) Limited
Statement of financial position
as at 31 May 2024
Tangible assets
460,415
501,037
Cash at bank and in hand
965,030
57,714
Creditors: amounts falling due within one year
(414,766)
(202,592)
Net current assets/(liabilities)
554,068
(142,176)
Net assets
1,014,483
358,861
Called up share capital
7,152
7,152
Revaluation reserve
8,312
8,312
Capital redemption reserve
3,000
3,000
Profit and loss account
996,019
340,397
Shareholders' funds
1,014,483
358,861
For the year ending 31 May 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 29 November 2024 and were signed on its behalf by
GM Thornton
Director
Company Registration No. 00626413
Thorntons (Whinburn Farm) Limited
Notes to the Accounts
for the year ended 31 May 2024
Thorntons (Whinburn Farm) Limited is a private company, limited by shares, registered in England and Wales, registration number 00626413. The registered office is The Old Barn, Mathew Lane, Bradley, Keighley, BD20 9DF.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
33% on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
519,898
10,878
17,339
333
548,448
Disposals
(40,452)
-
-
-
(40,452)
At 31 May 2024
479,446
10,878
17,339
333
507,996
At 1 June 2023
20,356
10,488
16,234
333
47,411
Charge for the year
-
59
111
-
170
At 31 May 2024
20,356
10,547
16,345
333
47,581
At 31 May 2024
459,090
331
994
-
460,415
At 31 May 2023
499,542
390
1,105
-
501,037
Thorntons (Whinburn Farm) Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
207,817
87,816
Taxes and social security
122,742
10,570
Loans from directors
84,207
104,206
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).