Registered number
11836573
MJ THORNTON LTD
Filleted Accounts
31 March 2024
MJ THORNTON LTD
Registered number: 11836573
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 30,475 770
Current assets
Debtors 4 9,354 -
Cash at bank and in hand 59,877 63,804
69,231 63,804
Creditors: amounts falling due within one year 5 (12,012) (35,469)
Net current assets 57,219 28,335
Net assets 87,694 29,105
Capital and reserves
Called up share capital 10 10
Profit and loss account 87,684 29,095
Shareholders' funds 87,694 29,105
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Thorton
Director
Approved by the board on 2 January 2025
MJ THORNTON LTD
Notes to the Accounts
for the period from 6 April 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2023 1,502 - 1,502
Additions 610 39,254 39,864
At 31 March 2024 2,112 39,254 41,366
Depreciation
At 6 April 2023 732 - 732
Charge for the period 345 9,814 10,159
At 31 March 2024 1,077 9,814 10,891
Net book value
At 31 March 2024 1,035 29,440 30,475
At 5 April 2023 770 - 770
4 Debtors 2024 2023
£ £
Trade debtors 9,354 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 325 -
Taxation and social security costs 8,734 15,174
Directors Loan Account 2,011 19,353
Accruals 942 942
12,012 35,469
6 Other information
MJ THORNTON LTD is a private company limited by shares and incorporated in England. Its registered office is:
Roseheath Wood Cottage
Bullbeggers Lane
Berkhamstead
Herts
HP4 2RS
MJ THORNTON LTD 11836573 false 2023-04-06 2024-03-31 2024-03-31 VT Final Accounts July 2024 M J Thorton No description of principal activity 11836573 2022-04-06 2023-04-05 11836573 core:WithinOneYear 2023-04-05 11836573 core:ShareCapital 2023-04-05 11836573 core:RetainedEarningsAccumulatedLosses 2023-04-05 11836573 2023-04-06 2024-03-31 11836573 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-03-31 11836573 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-03-31 11836573 bus:Director40 2023-04-06 2024-03-31 11836573 1 2023-04-06 2024-03-31 11836573 2 2023-04-06 2024-03-31 11836573 core:PlantMachinery 2023-04-06 2024-03-31 11836573 core:Vehicles 2023-04-06 2024-03-31 11836573 countries:England 2023-04-06 2024-03-31 11836573 bus:FRS102 2023-04-06 2024-03-31 11836573 bus:FilletedAccounts 2023-04-06 2024-03-31 11836573 2024-03-31 11836573 core:WithinOneYear 2024-03-31 11836573 core:ShareCapital 2024-03-31 11836573 core:RetainedEarningsAccumulatedLosses 2024-03-31 11836573 core:PlantMachinery 2024-03-31 11836573 core:Vehicles 2024-03-31 11836573 2023-04-05 11836573 core:PlantMachinery 2023-04-05 11836573 core:Vehicles 2023-04-05 iso4217:GBP xbrli:pure