Company registration number 04450069 (England and Wales)
M. Thornton Engineering Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2025
PAGES FOR FILING WITH REGISTRAR
M. Thornton Engineering Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
M. Thornton Engineering Limited
Statement of financial position
as at 28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
164,472
196,502
Current assets
Stocks
39,231
46,310
Debtors
152,398
173,004
Cash at bank and in hand
80,793
80,393
272,422
299,707
Creditors: amounts falling due within one year
(156,708)
(175,601)
Net current assets
115,714
124,106
Total assets less current liabilities
280,186
320,608
Creditors: amounts falling due after more than one year
(65,717)
(90,217)
Provisions for liabilities
(40,321)
(48,593)
Net assets
174,148
181,798
Capital and reserves
Called up share capital
4
12
12
Profit and loss reserves
174,136
181,786
Total equity
174,148
181,798
M. Thornton Engineering Limited
Statement of financial position (continued)
as at 28 February 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 24 July 2025 and are signed on its behalf by:
D Thornton
S Thornton
Director
Director
N Thornton
Director
Company Registration No. 04450069
M. Thornton Engineering Limited
Notes to the financial statements
for the year ended 28 February 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Turnover is recognised on despatch of goods to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

M. Thornton Engineering Limited
Notes to the financial statements (continued)
for the year ended 28 February 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2024
744,937
69,322
16,400
830,659
Additions
1,500
6,014
-
0
7,514
Disposals
(7,177)
(43,449)
-
0
(50,626)
At 28 February 2025
739,260
31,887
16,400
787,547
Depreciation and impairment
At 1 March 2024
586,546
43,511
4,100
634,157
Depreciation charged in the year
23,890
3,906
3,075
30,871
Eliminated in respect of disposals
(6,652)
(35,301)
-
0
(41,953)
At 28 February 2025
603,784
12,116
7,175
623,075
Carrying amount
At 28 February 2025
135,476
19,771
9,225
164,472
At 29 February 2024
158,391
25,811
12,300
196,502
4
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
3
3
3
3
B Ordinary shares of £1 each
3
3
3
3
C Ordinary shares of £1 each
3
3
3
3
D Ordinary shares of £1 each
3
3
3
3
12
12
12
12
5
Company information

M. Thornton Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 Coniston Avenue, Moldgreen, Huddersfield, West Yorkshire, HD5 9PZ.

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