IRIS Accounts Production v25.3.0.601 03169475 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03169475 2024-03-31 03169475 2025-03-31 03169475 2024-04-01 2025-03-31 03169475 2023-03-31 03169475 2023-04-01 2024-03-31 03169475 2024-03-31 03169475 ns15:EnglandWales 2024-04-01 2025-03-31 03169475 ns14:PoundSterling 2024-04-01 2025-03-31 03169475 ns10:Director1 2024-04-01 2025-03-31 03169475 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03169475 ns10:SmallEntities 2024-04-01 2025-03-31 03169475 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03169475 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 03169475 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03169475 ns10:FullAccounts 2024-04-01 2025-03-31 03169475 ns10:Director3 2024-04-01 2025-03-31 03169475 ns10:CompanySecretary1 2024-04-01 2025-03-31 03169475 ns10:RegisteredOffice 2024-04-01 2025-03-31 03169475 ns5:CurrentFinancialInstruments 2025-03-31 03169475 ns5:CurrentFinancialInstruments 2024-03-31 03169475 ns5:Non-currentFinancialInstruments 2025-03-31 03169475 ns5:Non-currentFinancialInstruments 2024-03-31 03169475 ns5:ShareCapital 2025-03-31 03169475 ns5:ShareCapital 2024-03-31 03169475 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 03169475 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 03169475 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 03169475 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 03169475 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 03169475 ns5:PlantMachinery 2024-04-01 2025-03-31 03169475 ns5:FurnitureFittings 2024-04-01 2025-03-31 03169475 ns5:ComputerEquipment 2024-04-01 2025-03-31 03169475 ns5:LandBuildings 2024-03-31 03169475 ns5:LeaseholdImprovements 2024-03-31 03169475 ns5:PlantMachinery 2024-03-31 03169475 ns5:LandBuildings 2024-04-01 2025-03-31 03169475 ns5:LandBuildings 2025-03-31 03169475 ns5:LeaseholdImprovements 2025-03-31 03169475 ns5:PlantMachinery 2025-03-31 03169475 ns5:LandBuildings 2024-03-31 03169475 ns5:LeaseholdImprovements 2024-03-31 03169475 ns5:PlantMachinery 2024-03-31 03169475 ns5:FurnitureFittings 2024-03-31 03169475 ns5:ComputerEquipment 2024-03-31 03169475 ns5:FurnitureFittings 2025-03-31 03169475 ns5:ComputerEquipment 2025-03-31 03169475 ns5:FurnitureFittings 2024-03-31 03169475 ns5:ComputerEquipment 2024-03-31 03169475 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 03169475 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 03169475 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-03-31 03169475 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-03-31 03169475 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 03169475 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 03169475 1 ns5:Secured 2025-03-31 03169475 1 ns5:Secured 2024-03-31 03169475 ns5:Secured 2025-03-31 03169475 ns5:Secured 2024-03-31 03169475 ns5:AcceleratedTaxDepreciationDeferredTax 2025-03-31 03169475 ns5:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03169475 ns5:DeferredTaxation 2024-03-31 03169475 ns5:DeferredTaxation 2024-04-01 2025-03-31 03169475 ns5:DeferredTaxation 2025-03-31

REGISTERED NUMBER: 03169475 (England and Wales)

| Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| H Thorley & Sons Limited |

| H Thorley & Sons Limited (Registered number: 03169475) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| H Thorley & Sons Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S M Thorley

| K D Thorley

| SECRETARY: | Mrs S M Thorley

| REGISTERED OFFICE: | 45 Field Close

| Hilton

| Derby

| DE65 5GL

| REGISTERED NUMBER: | 03169475 (England and Wales)

| ACCOUNTANTS: | Bates Weston LLP

| Chartered Accountants

| The Mills

| Canal Street

| Derby

| DE1 2RJ

| H Thorley & Sons Limited (Registered number: 03169475) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 488,802 |  | 614,496 |  |

CURRENT ASSETS

Stocks | 26,000 |  | 32,500 |  |

Debtors | 5 | 225,669 |  | 228,018 |  |

Cash at bank | 20,245 |  | 7,218 |  |

271,914 |  | 267,736 |  |

CREDITORS

Amounts falling due within one year | 6 | 351,816 |  | 453,872 |  |

NET CURRENT LIABILITIES | (79,902 | ) | (186,136 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 408,900 |  | 428,360 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (94,367 | ) | (122,506 | ) |

PROVISIONS FOR LIABILITIES | 9 | (91,000 | ) | (122,000 | ) |

NET ASSETS | 223,533 |  | 183,854 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 115,549 |  | 115,549 |  |

Retained earnings | 107,884 |  | 68,205 |  |

SHAREHOLDERS' FUNDS | 223,533 |  | 183,854 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

| H Thorley & Sons Limited (Registered number: 03169475) |

Balance Sheet - continued

31 March 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

Mrs S M Thorley - Director

| H Thorley & Sons Limited (Registered number: 03169475) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| H Thorley & Sons 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised in the year in which services are provided.

| Tangible fixed assets

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

| Computer equipment | - | 33% on cost

| Plant and machinery | - | 10% on reducing balance

| Fixtures and fittings | - | 10% on reducing balance

| Motor lorries | - | 20% on reducing balance

| Freehold property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve.

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| 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.

| Invoice discounting

| The debts discounted are included within trade debtors with a financing limit relating to proceeds received from the invoice discounter included within creditors.

| The interest element and other discount charges are recognised within the profit and loss account as they accrue.

| H Thorley & Sons Limited (Registered number: 03169475) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and finance leases

| Leases of assets that transfer substantially all the risks and rewards incidental to ownership are

| classified as finance leases.

| Finance leases are capitalised at commencement of the lease as assets at cost.

| Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

| The capital element of lease obligations is recorded as a liability on inception of the arrangement.

| Lease payments are apportioned between capital repayment and finance charge, using

| the effective interest rate method, to produce a constant rate of charge on the balance of the capital

| repayments outstanding.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 14 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Computer |  | Plant and

| property |  | equipment |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 125,000 |  | 7,443 |  | 69,949 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 31 March 2025 | 125,000 |  | 7,443 |  | 69,949 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 7,247 |  | 33,610 |  |

| Charge for year | - |  | 112 |  | 3,633 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 March 2025 | - |  | 7,359 |  | 37,243 |  |

| NET BOOK VALUE

| At 31 March 2025 | 125,000 |  | 84 |  | 32,706 |  |

| At 31 March 2024 | 125,000 |  | 196 |  | 36,339 |  |

| H Thorley & Sons Limited (Registered number: 03169475) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |

| fittings |  | lorries |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 19,247 |  | 1,536,290 |  | 1,757,929 |  |

| Additions | - |  | 27,500 |  | 27,500 |  |

| Disposals | - |  | (269,863 | ) | (269,863 | ) |

| At 31 March 2025 | 19,247 |  | 1,293,927 |  | 1,515,566 |  |

| DEPRECIATION

| At 1 April 2024 | 12,710 |  | 1,089,866 |  | 1,143,433 |  |

| Charge for year | 653 |  | 101,550 |  | 105,948 |  |

| Eliminated on disposal | - |  | (222,617 | ) | (222,617 | ) |

| At 31 March 2025 | 13,363 |  | 968,799 |  | 1,026,764 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,884 |  | 325,128 |  | 488,802 |  |

| At 31 March 2024 | 6,537 |  | 446,424 |  | 614,496 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Freehold |  | Computer |  | Plant and

| property |  | equipment |  | machinery

£ | £ | £ |

| Valuation in 2025 | 125,000 |  | - |  | - |  |

| Cost | - |  | 7,443 |  | 69,949 |  |

125,000 |  | 7,443 |  | 69,949 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | lorries |  | Totals

£ | £ | £ |

| Valuation in 2025 | - |  | - |  | 125,000 |  |

| Cost | 19,247 |  | 1,293,927 |  | 1,390,566 |  |

19,247 |  | 1,293,927 |  | 1,515,566 |  |

| If freehold property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 9,451 |  | 9,451 |  |

| Aggregate depreciation | 1,006 |  | 817 |  |

| Freehold property was valued on a fair value basis on 31 March 2025 by the directors .

| H Thorley & Sons Limited (Registered number: 03169475) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 204,084 |  | 211,512 |  |

| Other debtors | - |  | 52 |  |

| Tax recoverable | - |  | 3,243 |  |

| Prepayments and accrued income | 21,585 |  | 13,211 |  |

225,669 |  | 228,018 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Advances under factoring arrangements | 52,933 |  | 140,829 |  |

| Hire purchase contracts | 47,299 |  | 67,618 |  |

| Trade creditors | 25,069 |  | 20,410 |  |

| Tax | 38,372 |  | - |  |

| Social security and other taxes | 41,143 |  | 74,811 |  |

| Other creditors | - |  | 5,456 |  |

| Director's current account | 124,433 |  | 124,316 |  |

| Accrued expenses | 12,567 |  | 10,432 |  |

351,816 |  | 453,872 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 2,500 |  | 10,000 |  |

| Bank loans - 2-5 years | - |  | 2,500 |  |

| Hire purchase contracts | 91,867 |  | 110,006 |  |

94,367 |  | 122,506 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Advances under factoring arrangements | 52,933 |  | 140,829 |  |

| Hire purchase contracts | 139,166 |  | 177,624 |  |

192,099 |  | 318,453 |  |

| Hire purchase contracts are secured against the vehicles under hire purchase.

| Factoring arrangements are secured against the trade debtors of the company.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 91,000 |  | 122,000 |  |

| H Thorley & Sons Limited (Registered number: 03169475) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 122,000 |  |

| Credit to Profit and Loss Account during year | (31,000 | ) |

| Balance at 31 March 2025 | 91,000 |  |