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Company Registration No. NI610003 (Northern Ireland)
Thorn Bio-Scientific Limited Unaudited accounts for the year ended 30 November 2024
Thorn Bio-Scientific Limited Unaudited accounts Contents
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Thorn Bio-Scientific Limited Company Information for the year ended 30 November 2024
Directors
Anita Thorn James Thorn
Company Number
NI610003 (Northern Ireland)
Registered Office
A D Pottie L L B 1 Church Street Fintona Omagh County Tyrone BT78 2BR Northern Ireland
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Thorn Bio-Scientific Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,159 
865 
Current assets
Cash at bank and in hand
124,118 
150,007 
Creditors: amounts falling due within one year
(58,799)
(88,795)
Net current assets
65,319 
61,212 
Net assets
66,478 
62,077 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
66,448 
62,047 
Shareholders' funds
66,478 
62,077 
For the year ending 30 November 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 6 February 2025 and were signed on its behalf by
Anita Thorn Director Company Registration No. NI610003
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Thorn Bio-Scientific Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Thorn Bio-Scientific Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI610003. The registered office is A D Pottie L L B, 1 Church Street, Fintona, Omagh, County Tyrone, BT78 2BR, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20% per annum reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2023
2,143 
Additions
583 
At 30 November 2024
2,726 
Depreciation
At 1 December 2023
1,278 
Charge for the year
289 
At 30 November 2024
1,567 
Net book value
At 30 November 2024
1,159 
At 30 November 2023
865 
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Thorn Bio-Scientific Limited Notes to the Accounts for the year ended 30 November 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,818 
10,071 
Taxes and social security
11,901 
18,365 
Loans from directors
38,838 
59,039 
Accruals
2,242 
1,320 
58,799 
88,795 
6
Loans to directors
At 30th November 2024 Dr A Thorn & Mr J Thorn were owed £38,838 (2023 - £59,039 by the company. This is an interest bearing loan. During the year the company was charged £2,385 interest. The loan is repayable on demand.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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