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Company Registration No. 12997696 (England and Wales)
Thorneve Limited Unaudited accounts for the year ended 30 November 2024
Thorneve Limited Unaudited accounts Contents
Page
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Thorneve Limited Company Information for the year ended 30 November 2024
Director
Muhammad Dawood
Company Number
12997696 (England and Wales)
Registered Office
3 Wensley Drive Pontefract West Yorkshire WF8 2RQ England
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Thorneve Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,100 
16,450 
Tangible assets
7,947 
10,927 
22,047 
27,377 
Current assets
Inventories
43,471 
21,364 
Debtors
37,863 
23,643 
Cash at bank and in hand
7,194 
6,240 
88,528 
51,247 
Creditors: amounts falling due within one year
(134,271)
(115,704)
Net current liabilities
(45,743)
(64,457)
Net liabilities
(23,696)
(37,080)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(23,698)
(37,082)
Shareholders' funds
(23,696)
(37,080)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2024 and were signed on its behalf by
Muhammad Dawood Director Company Registration No. 12997696
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Thorneve Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Thorneve Limited is a private company, limited by shares, registered in England and Wales, registration number 12997696. The registered office is 3 Wensley Drive, , Pontefract, West Yorkshire, WF8 2RQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2023
23,500 
At 30 November 2024
23,500 
Amortisation
At 1 December 2023
7,050 
Charge for the year
2,350 
At 30 November 2024
9,400 
Net book value
At 30 November 2024
14,100 
At 30 November 2023
16,450 
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Thorneve Limited Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2023
19,867 
At 30 November 2024
19,867 
Depreciation
At 1 December 2023
8,940 
Charge for the year
2,980 
At 30 November 2024
11,920 
Net book value
At 30 November 2024
7,947 
At 30 November 2023
10,927 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,863 
23,643 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,000 
12,980 
Trade creditors
57,448 
40,163 
Taxes and social security
11,652 
11,568 
Other creditors
22,217 
21,549 
Loans from directors
10,048 
9,734 
Accruals
19,906 
19,710 
134,271 
115,704 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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