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Company Registration No. 7585360 (England and Wales)
Thorp Farms Ltd Unaudited accounts for the year ended 31 March 2025
Thorp Farms Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Thorp Farms Ltd Company Information for the year ended 31 March 2025
Directors
D M Thorp A N Birch
Company Number
7585360 (England and Wales)
Registered Office
28 Terminus Road Sheffield S7 2LH
Accountants
HART SIMPSON LTD 65 Ward Street New Tupton Chesterfield Derbyshire S42 6XR
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Thorp Farms Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
732,974
621,453
Current assets
Inventories
250,915
250,165
Debtors
5
16,303
15,013
Cash at bank and in hand
107,098
47,489
374,316
312,667
Creditors: amounts falling due within one year
6
(338,945)
(280,891)
Net current assets
35,371
31,776
Net assets
768,345
653,229
Capital and reserves
Called up share capital
100
100
Profit and loss account
768,245
653,129
Shareholders' funds
768,345
653,229
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by
D M Thorp Director Company Registration No. 7585360
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Thorp Farms Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Thorp Farms Ltd is a private company, limited by shares, registered in England and Wales, registration number 7585360. The registered office is 28 Terminus Road, Sheffield, S7 2LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
265,788
594,462
860,250
Additions
-
130,699
130,699
At 31 March 2025
265,788
725,161
990,949
Depreciation
At 1 April 2024
-
238,797
238,797
Charge for the year
-
19,178
19,178
At 31 March 2025
-
257,975
257,975
Net book value
At 31 March 2025
265,788
467,186
732,974
At 31 March 2024
265,788
355,665
621,453
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
16,303
15,013
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Thorp Farms Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
93,624
3,028
Taxes and social security
386
10,200
Loans from directors
244,935
267,663
338,945
280,891
7
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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