REGISTERED NUMBER: 10569764 (England and Wales)

Financial Statements for the Year Ended 5 April 2025

for

Captain Thornton's Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Thornton

Mrs E L Thornton

SECRETARY:

Mrs E L Thornton

REGISTERED OFFICE:

132 Dib Lane

Leeds

West Yorkshire

LS8 3AY

REGISTERED NUMBER:

10569764 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

16,228

24,341

Tangible assets

5

3,718

3,817

19,946

28,158

CURRENT ASSETS

Stocks

4,806

4,939

Debtors

6

10,532

22,564

Cash at bank and in hand

30,286

26,647

45,624

54,150

CREDITORS

Amounts falling due within one year

7

51,094

53,796

NET CURRENT (LIABILITIES)/ASSETS

(5,470

)

354

TOTAL ASSETS LESS CURRENT LIABILITIES

14,476

28,512

CREDITORS

Amounts falling due after more than one year

8

(11,177

)

(19,569

)

PROVISIONS FOR LIABILITIES

(930

)

(955

)

NET ASSETS

2,369

7,988

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,367

7,986

2,369

7,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

J R Thornton - Director

1.	STATUTORY INFORMATION

Captain Thornton's 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2024

and 5 April 2025

81,132

AMORTISATION

At 6 April 2024

56,791

Charge for year

8,113

At 5 April 2025

64,904

NET BOOK VALUE

At 5 April 2025

16,228

At 5 April 2024

24,341

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 6 April 2024

6,263

2,434

1,127

9,824

Additions

448

83

300

831

At 5 April 2025

6,711

2,517

1,427

10,655

DEPRECIATION

At 6 April 2024

4,677

844

486

6,007

Charge for year

407

335

188

930

At 5 April 2025

5,084

1,179

674

6,937

NET BOOK VALUE

At 5 April 2025

1,627

1,338

753

3,718

At 5 April 2024

1,586

1,590

641

3,817

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

3,112

2,167

Other debtors

7,420

20,397

10,532

22,564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts

9,323

10,024

Trade creditors

7,395

8,988

Taxation and social security

30,294

30,850

Other creditors

4,082

3,934

51,094

53,796

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans

11,177

19,569

9.	LEASING AGREEMENTS

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

5.4.25

5.4.24

£

£

Within one year

8,400

8,400

Between one and five years

33,600

33,600

In more than five years

-

4,900

42,000

46,900

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2025 and 5 April 2024:

5.4.25

5.4.24

£

£

Mrs E L Thornton and J R Thornton

Balance outstanding at start of year

18,535

-

Amounts advanced

70,688

18,535

Amounts repaid

(84,047

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,176

18,535