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REGISTERED NUMBER: 06916084 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Thornton Reynolds Limited

Thornton Reynolds Limited (Registered number: 06916084)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thornton Reynolds Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: T Thornton
S Reynolds





REGISTERED OFFICE: Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB





REGISTERED NUMBER: 06916084 (England and Wales)





ACCOUNTANTS: Higsons Limited
Accountants
Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB

Thornton Reynolds Limited (Registered number: 06916084)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,218 2,428

CURRENT ASSETS
Debtors 5 154,845 168,927
Cash at bank and in hand 217,246 82,814
372,091 251,741
CREDITORS
Amounts falling due within one year 6 342,200 192,119
NET CURRENT ASSETS 29,891 59,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,109

62,050

CREDITORS
Amounts falling due after more than one
year

7

(9,314

)

(19,951

)

PROVISIONS FOR LIABILITIES (555 ) (478 )
NET ASSETS 22,240 41,621

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 21,240 40,621
SHAREHOLDERS' FUNDS 22,240 41,621

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

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

Thornton Reynolds Limited (Registered number: 06916084)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





S Reynolds - Director


Thornton Reynolds Limited (Registered number: 06916084)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Thornton Reynolds 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.

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.

Turnover
Turnover is the amount derived from ordinary activities excluding value added tax. The value of contractual work in progress at the year end date is included in turnover.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment losses, no such losses were identified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Thornton Reynolds Limited (Registered number: 06916084)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade debtors includes the value of contractual work in progress.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 June 2023 17,022 36,019 53,041
Additions - 535 535
At 31 May 2024 17,022 36,554 53,576
DEPRECIATION
At 1 June 2023 15,329 35,284 50,613
Charge for year 565 180 745
At 31 May 2024 15,894 35,464 51,358
NET BOOK VALUE
At 31 May 2024 1,128 1,090 2,218
At 31 May 2023 1,693 735 2,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 146,486 149,288
Other debtors 8,359 19,639
154,845 168,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 40,746 50,285
Taxation and social security 278,101 55,783
Other creditors 13,353 76,051
342,200 192,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 9,314 19,951