Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31false2false2023-09-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03823927 2023-09-01 2024-08-31 03823927 2024-08-31 03823927 2022-09-01 2023-08-31 03823927 2023-08-31 03823927 c:CompanySecretary1 2023-09-01 2024-08-31 03823927 c:Director1 2023-09-01 2024-08-31 03823927 c:Director2 2023-09-01 2024-08-31 03823927 c:RegisteredOffice 2023-09-01 2024-08-31 03823927 d:MotorVehicles 2023-09-01 2024-08-31 03823927 d:MotorVehicles 2024-08-31 03823927 d:MotorVehicles 2023-08-31 03823927 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03823927 d:FurnitureFittings 2023-09-01 2024-08-31 03823927 d:FurnitureFittings 2024-08-31 03823927 d:FurnitureFittings 2023-08-31 03823927 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03823927 d:OfficeEquipment 2023-09-01 2024-08-31 03823927 d:OfficeEquipment 2024-08-31 03823927 d:OfficeEquipment 2023-08-31 03823927 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03823927 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 03823927 d:OtherPropertyPlantEquipment 2024-08-31 03823927 d:OtherPropertyPlantEquipment 2023-08-31 03823927 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03823927 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03823927 d:CurrentFinancialInstruments 2024-08-31 03823927 d:CurrentFinancialInstruments 2023-08-31 03823927 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 03823927 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03823927 d:ShareCapital 2024-08-31 03823927 d:ShareCapital 2023-08-31 03823927 d:RetainedEarningsAccumulatedLosses 2024-08-31 03823927 d:RetainedEarningsAccumulatedLosses 2023-08-31 03823927 c:FRS102 2023-09-01 2024-08-31 03823927 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03823927 c:FullAccounts 2023-09-01 2024-08-31 03823927 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03823927 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 03823927







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


THORNTON ENGINEERING LIMITED






































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THORNTON ENGINEERING LIMITED
 


 
COMPANY INFORMATION


Directors
A Lawrenson 
V Berry 




Company secretary
V Berry



Registered number
03823927



Registered office
47 Fernhill Road

Farnborough

Hampshire

GU14 9SA




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


THORNTON ENGINEERING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


THORNTON ENGINEERING LIMITED
REGISTERED NUMBER:03823927



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,073
3,836

  
1,073
3,836

Current assets
  

Stocks
  
24,851
24,321

Debtors: amounts falling due within one year
 5 
13,807
11,468

  
38,658
35,789

Creditors: amounts falling due within one year
 6 
(39,729)
(39,601)

Net current liabilities
  
 
 
(1,071)
 
 
(3,812)

Total assets less current liabilities
  
2
24

  

Net assets
  
2
24


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
-
22

  
2
24


Page 1

 


THORNTON ENGINEERING LIMITED
REGISTERED NUMBER:03823927


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Lawrenson
Director

Date: 28 August 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


THORNTON ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Thornton Engineering Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% Straight line
Fixtures and fittings
-
15% Straight line
Office equipment
-
25% Straight line
Computer equipment
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 


THORNTON ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
34,844
1,542
11,131
5,072
52,589



At 31 August 2024

34,844
1,542
11,131
5,072
52,589



Depreciation


At 1 September 2023
34,844
1,542
7,295
5,072
48,753


Charge for the year on owned assets
-
-
2,763
-
2,763



At 31 August 2024

34,844
1,542
10,058
5,072
51,516



Net book value



At 31 August 2024
-
-
1,073
-
1,073



At 31 August 2023
-
-
3,836
-
3,836

Page 4

 


THORNTON ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,829
2,538

Other debtors
11,928
8,930

Prepayments and accrued income
50
-

13,807
11,468



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
9,606
10,982

Corporation tax
23,057
20,879

Other taxation and social security
3,821
4,495

Accruals and deferred income
3,245
3,245

39,729
39,601



7.


Transactions with directors

Included within other debtors are the following advances and credits to the director. Interest is not being charged on this loan and it is repayable on demand.

2024
2023
£
£
Balance outstanding at start of year

8,930

3,500
 
Amounts advanced

51,417

30,240
 
Amounts repaid

(49,455)

(24,810)
 
Balance outstanding at end of year
10,892

8,930
 

 
Page 5