IRIS Accounts Production v25.1.4.42 11553598 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115535982023-09-30115535982024-09-30115535982023-10-012024-09-30115535982022-09-30115535982022-10-012023-09-30115535982023-09-3011553598ns15:EnglandWales2023-10-012024-09-3011553598ns14:PoundSterling2023-10-012024-09-3011553598ns10:Director12023-10-012024-09-3011553598ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011553598ns10:SmallEntities2023-10-012024-09-3011553598ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011553598ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011553598ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011553598ns10:FullAccounts2023-10-012024-09-3011553598ns5:CurrentFinancialInstruments2024-09-3011553598ns5:CurrentFinancialInstruments2023-09-3011553598ns5:Non-currentFinancialInstruments2024-09-3011553598ns5:Non-currentFinancialInstruments2023-09-3011553598ns5:ShareCapital2024-09-3011553598ns5:ShareCapital2023-09-3011553598ns5:RetainedEarningsAccumulatedLosses2024-09-3011553598ns5:RetainedEarningsAccumulatedLosses2023-09-3011553598ns10:RegisteredOffice2023-10-012024-09-3011553598ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3011553598ns5:MotorVehicles2023-10-012024-09-3011553598ns5:ComputerEquipment2023-10-012024-09-3011553598ns5:LandBuildings2023-09-3011553598ns5:MotorVehicles2023-09-3011553598ns5:ComputerEquipment2023-09-3011553598ns5:LandBuildings2023-10-012024-09-3011553598ns5:LandBuildings2024-09-3011553598ns5:MotorVehicles2024-09-3011553598ns5:ComputerEquipment2024-09-3011553598ns5:LandBuildings2023-09-3011553598ns5:MotorVehicles2023-09-3011553598ns5:ComputerEquipment2023-09-3011553598ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3011553598ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-09-301155359812023-10-012024-09-30
REGISTERED NUMBER: 11553598 (England and Wales)
























THORNTON PERFORMANCE CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






THORNTON PERFORMANCE CONSULTING LIMITED (REGISTERED NUMBER: 11553598)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


THORNTON PERFORMANCE CONSULTING LIMITED (REGISTERED NUMBER: 11553598)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,146 922

CURRENT ASSETS
Debtors 5 12,399 -
Cash at bank 22,688 480
35,087 480
CREDITORS
Amounts falling due within one year 6 22,015 45,129
NET CURRENT ASSETS/(LIABILITIES) 13,072 (44,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,218 (43,727 )

CREDITORS
Amounts falling due after more than one year 7 (13,458 ) -

PROVISIONS FOR LIABILITIES (5,918 ) (175 )
NET ASSETS/(LIABILITIES) 24,842 (43,902 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,742 (44,002 )
24,842 (43,902 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:



R Thornton - Director


THORNTON PERFORMANCE CONSULTING LIMITED (REGISTERED NUMBER: 11553598)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Thornton Performance Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11553598

Registered office: 20a Mangrove Road
Hertford
Hertfordshire
SG13 8AJ

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Garden Office - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

THORNTON PERFORMANCE CONSULTING LIMITED (REGISTERED NUMBER: 11553598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Garden Motor Computer
Office vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 - - 1,153 1,153
Additions 5,455 34,000 - 39,455
At 30 September 2024 5,455 34,000 1,153 40,608
DEPRECIATION
At 1 October 2023 - - 231 231
Charge for year 546 8,500 185 9,231
At 30 September 2024 546 8,500 416 9,462
NET BOOK VALUE
At 30 September 2024 4,909 25,500 737 31,146
At 30 September 2023 - - 922 922

THORNTON PERFORMANCE CONSULTING LIMITED (REGISTERED NUMBER: 11553598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
Additions 34,000
At 30 September 2024 34,000
DEPRECIATION
Charge for year 8,500
At 30 September 2024 8,500
NET BOOK VALUE
At 30 September 2024 25,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 12,399 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 12,885 -
Other creditors 630 3,279
HP Agreements 8,500 -
Directors' loan accounts - 41,850
22,015 45,129

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
HP Agreements 13,458 -

8. RELATED PARTY DISCLOSURES

During the year the directors loaned the company money with no set repayment date. At the year end the amount due from the directors to the company was £12,399. (2023: £41,850 due from the company to the directors). The directors repaid the balance of £12,399 within 9 months of the year end,

The directors received total dividends during the year of £1,000 divided between their shareholdings. (2023: NIL).

9. CONTROLLING PARTY

The company is jointly owned by the two directors.