REGISTERED NUMBER: 01057235 (England and Wales)

TORNE VALLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K McDonald OBE

D B McDonald

M McDonald CA

Miss A McDonald

SECRETARY:

D B McDonald

REGISTERED OFFICE:

Bawtry Road

Tickhill

Doncaster

South Yorkshire

DN11 9EX

REGISTERED NUMBER:

01057235 (England and Wales)

FIXED ASSETS

Intangible assets

4

19,199

27,466

Tangible assets

5

2,809,173

2,877,455

Investments

6

900

900

2,829,272

2,905,821

CURRENT ASSETS

Stocks

2,172,842

2,223,462

Debtors

1,263,009

1,076,359

Cash at bank and in hand

797,243

868,439

4,233,094

4,168,260

CREDITORS

Amounts falling due within one year

552,099

699,957

NET CURRENT ASSETS

3,680,995

3,468,303

TOTAL ASSETS LESS CURRENT LIABILITIES

6,510,267

6,374,124

PROVISIONS FOR LIABILITIES

290

2,537

NET ASSETS

6,509,977

6,371,587

CAPITAL AND RESERVES

Called up share capital

4,800,002

4,800,002

Retained earnings

1,709,975

1,571,585

SHAREHOLDERS' FUNDS

6,509,977

6,371,587

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2025 and were signed on its behalf by:

K McDonald OBE - Director

1.	STATUTORY INFORMATION

Torne Valley 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.	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.

Goodwill

Acquired goodwill is written off in equal annual instalments over its useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over the life of the lease

Plant and machinery etc

-

25% on cost and 15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

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

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.

Government grants

Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

676,992

AMORTISATION

At 1 January 2024

649,526

Amortisation for year

8,267

At 31 December 2024

657,793

NET BOOK VALUE

At 31 December 2024

19,199

At 31 December 2023

27,466

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

4,483,654

Additions

6,790

Disposals

(6,700

)

At 31 December 2024

4,483,744

DEPRECIATION

At 1 January 2024

1,606,199

Charge for year

75,072

Eliminated on disposal

(6,700

)

At 31 December 2024

1,674,571

NET BOOK VALUE

At 31 December 2024

2,809,173

At 31 December 2023

2,877,455

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

900

NET BOOK VALUE

At 31 December 2024

900

At 31 December 2023

900

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

8,850

8,850

Between one and five years

35,400

35,400

In more than five years

315,098

323,948

359,348

368,198

8.	RELATED PARTY DISCLOSURES