Company registration number 03446718 (England and Wales)
THOREB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THOREB LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THOREB LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
18
Current assets
Debtors
4
1,135
1,300
Cash at bank and in hand
-
0
7,778
1,135
9,078
Creditors: amounts falling due within one year
5
(599)
(1,028)
Net current assets
536
8,050
Total assets less current liabilities
536
8,068
Creditors: amounts falling due after more than one year
6
-
0
(7,539)
Net assets
536
529
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
535
528
Total equity
536
529

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 March 2025 and are signed on its behalf by:
Mr V Vainalis
Director
Company registration number 03446718 (England and Wales)
THOREB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Thoreb Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 Trinity Enterprise Centre, Furness Business Park, Barrow-in-Furness, Cumbria, LA14 2PN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from certain disclosure requirements.

 

The financial statements of the company are consolidated in the financial statements of A B Thoreb which is registered in Sweden.

1.2
Going concern

The financial statements have been prepared on a going concern basis on the grounds that the company will continue to be supported by its parent companytrue.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on the reducing balance
Computer equipment
25% on the reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

THOREB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 0).. The directors are not classified as employees as they are resident abroad.

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
88,126
Disposals
(88,126)
At 31 December 2024
-
0
Depreciation and impairment
At 1 January 2024
88,108
Depreciation charged in the year
4
Eliminated in respect of disposals
(88,112)
At 31 December 2024
-
0
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
18
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
24
-
0
Other debtors
1,111
1,300
1,135
1,300
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
599
1,028
THOREB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
7,539
7
Parent company

The company is a wholly owned subsidiary of AB Thoreb, a company registered in Sweden.

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