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REGISTERED NUMBER: 13022211 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Thor Industries Ltd

Thor Industries Ltd (Registered number: 13022211)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thor Industries Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: L J Thornhill





REGISTERED OFFICE: Ham Cross Lodge
Teffont
Salisbury
Wiltshire
SP3 5RW





REGISTERED NUMBER: 13022211 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Thor Industries Ltd (Registered number: 13022211)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,095,903 718,376

CURRENT ASSETS
Debtors 5 233,553 205,136
Cash at bank and in hand 210,163 50,476
443,716 255,612
CREDITORS
Amounts falling due within one year 6 464,373 509,605
NET CURRENT LIABILITIES (20,657 ) (253,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,246

464,383

PROVISIONS FOR LIABILITIES 170,716 94,959
NET ASSETS 904,530 369,424

CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable reserve 7 460,792 71,520
Retained earnings 443,737 297,903
904,530 369,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 March 2025 and were signed by:



L J Thornhill - Director


Thor Industries Ltd (Registered number: 13022211)

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

1. STATUTORY INFORMATION

Thor Industries Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and Straight line over 4 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Thor Industries Ltd (Registered number: 13022211)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 907,884
Additions 506,406
At 31 December 2024 1,414,290
DEPRECIATION
At 1 January 2024 189,508
Charge for year 128,879
At 31 December 2024 318,387
NET BOOK VALUE
At 31 December 2024 1,095,903
At 31 December 2023 718,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 62,509 161,852
Amounts recoverable on contract 86,057 36,982
Other debtors 84,987 6,302
233,553 205,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 3,034
Trade creditors 50,395 72,704
Amounts owed to group undertakings 358,612 358,610
Taxation and social security 18,398 25,201
Other creditors 36,968 50,056
464,373 509,605

7. RESERVES
Non
distributable
reserve
£   
At 1 January 2024 71,520
Reserve transfers 389,272

At 31 December 2024 460,792

A transfer has been made from retained earnings to the non-distributable reserve to reflect the fair value of an asset which was gifted to the company during the year. Transfers are made back to retained earnings to reflect depreciation on gifted assets.

Thor Industries Ltd (Registered number: 13022211)

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

8. RELATED PARTY DISCLOSURES

The company made a loan of $100,000 (converted to £79,903 at the balance sheet date) to Rocky Mountain Scientific Laboratory LLC on 18 December 2024. This has since been repaid on 16 January 2025.

Rocky Mountain Scientific Laboratory LLC is a majority shareholder of the parent company, Thor Business Holdings Ltd, and is registered in Colorado with the principal address of 8120 Shaffer Pkwy, STE 100, Littleton, CO 80127, US.

9. PARENT COMPANY INFORMATION

Thor Industries Ltd is a wholly owned subsidiary of Thor Business Holdings Ltd, whose registered office is Ham Cross Lodge, Teffont, Salisbury, England, SP3 5RW.

The parent company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.