IRIS Accounts Production v25.1.4.42 03817365 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038173652024-01-31038173652025-01-31038173652024-02-012025-01-31038173652023-01-31038173652023-02-012024-01-31038173652024-01-3103817365ns15:EnglandWales2024-02-012025-01-3103817365ns14:PoundSterling2024-02-012025-01-3103817365ns10:Director12024-02-012025-01-3103817365ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3103817365ns10:SmallEntities2024-02-012025-01-3103817365ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3103817365ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3103817365ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3103817365ns10:FullAccounts2024-02-012025-01-310381736512024-02-012025-01-3103817365ns10:OrdinaryShareClass12024-02-012025-01-3103817365ns10:Director22024-02-012025-01-3103817365ns10:RegisteredOffice2024-02-012025-01-3103817365ns5:CurrentFinancialInstruments2025-01-3103817365ns5:CurrentFinancialInstruments2024-01-3103817365ns5:ShareCapital2025-01-3103817365ns5:ShareCapital2024-01-3103817365ns5:CapitalRedemptionReserve2025-01-3103817365ns5:CapitalRedemptionReserve2024-01-3103817365ns5:RetainedEarningsAccumulatedLosses2025-01-3103817365ns5:RetainedEarningsAccumulatedLosses2024-01-3103817365ns5:LeaseholdImprovements2024-02-012025-01-3103817365ns5:PlantMachinery2024-02-012025-01-3103817365ns5:ComputerEquipment2024-02-012025-01-3103817365ns5:NetGoodwill2024-01-3103817365ns5:NetGoodwill2024-02-012025-01-3103817365ns5:NetGoodwill2025-01-3103817365ns5:NetGoodwill2024-01-3103817365ns5:LeaseholdImprovements2024-01-3103817365ns5:PlantMachinery2024-01-3103817365ns5:ComputerEquipment2024-01-3103817365ns5:LeaseholdImprovements2025-01-3103817365ns5:PlantMachinery2025-01-3103817365ns5:ComputerEquipment2025-01-3103817365ns5:LeaseholdImprovements2024-01-3103817365ns5:PlantMachinery2024-01-3103817365ns5:ComputerEquipment2024-01-3103817365ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3103817365ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103817365ns5:WithinOneYear2025-01-3103817365ns5:WithinOneYear2024-01-3103817365ns5:BetweenOneFiveYears2025-01-3103817365ns5:BetweenOneFiveYears2024-01-3103817365ns5:AllPeriods2025-01-3103817365ns5:AllPeriods2024-01-3103817365ns10:OrdinaryShareClass12025-01-3103817365ns5:RetainedEarningsAccumulatedLosses2024-01-3103817365ns5:CapitalRedemptionReserve2024-01-3103817365ns5:RetainedEarningsAccumulatedLosses2024-02-012025-01-31
REGISTERED NUMBER: 03817365 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BOYCE THORNTON LIMITED

BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOYCE THORNTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: S H Croft
N R Lockhart



REGISTERED OFFICE: High Street
Oxshott
Surrey
KT22 0JP



REGISTERED NUMBER: 03817365 (England and Wales)



ACCOUNTANTS: Davis Burton Sellek
Chartered Accountants
The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ



BANKERS: Barclays Bank plc
Walton On Thames
Surrey
KT12 2QX

BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 396 -
396 -

CURRENT ASSETS
Debtors 7 27,105 35,623
Cash at bank and in hand 167,017 190,612
194,122 226,235
CREDITORS
Amounts falling due within one year 8 29,152 38,557
NET CURRENT ASSETS 164,970 187,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,366

187,678

CAPITAL AND RESERVES
Called up share capital 10 10 10
Capital redemption reserve 11 90 90
Retained earnings 11 165,266 187,578
SHAREHOLDERS' FUNDS 165,366 187,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

BALANCE SHEET - continued
31 JANUARY 2025


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 30 June 2025 and were signed on its behalf by:





N R Lockhart - Director


BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Boyce Thornton 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition
Revenue derives from sales, letting commissions and rental management fees.

Revenue from sales and letting commissions comprises net invoiced sales of services. Invoices are issued on exchange of contracts.

Revenue from rental management fees is invoiced in advance and, where the rental period for which the invoice is issued exceeds one month, is credited in the accounts over the rental period on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


3. ACCOUNTING POLICIES - continued
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.

Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets acquired under finance leases and hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method.

Rentals payable under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Pensions
The company contributes to a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period in which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024 9,000
Disposals (9,000 )
At 31 January 2025 -
AMORTISATION
At 1 February 2024 9,000
Eliminated on disposal (9,000 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2024 20,105 53,283 6,862 80,250
Additions - - 594 594
At 31 January 2025 20,105 53,283 7,456 80,844
DEPRECIATION
At 1 February 2024 20,105 53,283 6,862 80,250
Charge for year - - 198 198
At 31 January 2025 20,105 53,283 7,060 80,448
NET BOOK VALUE
At 31 January 2025 - - 396 396
At 31 January 2024 - - - -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 6,425
Other debtors 27,105 29,198
27,105 35,623

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 872 4,490
Taxation and social security 13,608 16,959
Other creditors 14,672 17,108
29,152 38,557

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 12,500 30,000
Between one and five years - 12,500
12,500 42,500

BOYCE THORNTON LIMITED (REGISTERED NUMBER: 03817365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
10 Ordinary 1 10 10

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2024 187,578 90 187,668
Deficit for the year (2,312 ) (2,312 )
Dividends (20,000 ) (20,000 )
At 31 January 2025 165,266 90 165,356