REGISTERED NUMBER: 05148851 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

The Thornton Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

V J Thornton

Ms L J Thornton

A Macenka

L D O'Grady

SECRETARY:

Ms L J Thornton

REGISTERED OFFICE:

114 New London Road

Chelmsford

Essex

CM2 0RG

REGISTERED NUMBER:

05148851 (England and Wales)

ACCOUNTANTS:

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

FIXED ASSETS

Tangible assets

4

334,717

257,689

CURRENT ASSETS

Debtors

5

591,272

1,586,301

Cash at bank and in hand

404,095

1,603,390

995,367

3,189,691

CREDITORS

Amounts falling due within one year

6

724,258

2,720,838

NET CURRENT ASSETS

271,109

468,853

TOTAL ASSETS LESS CURRENT LIABILITIES

605,826

726,542

CREDITORS

Amounts falling due after more than one year

7

(67,213

)

-

PROVISIONS FOR LIABILITIES

-

(3,857

)

NET ASSETS

538,613

722,685

CAPITAL AND RESERVES

Called up share capital

952

952

Retained earnings

537,661

721,733

SHAREHOLDERS' FUNDS

538,613

722,685

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2025 and were signed on its behalf by:

V J Thornton - Director

1.	STATUTORY INFORMATION

The Thornton Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue recognition

Turnover is based on the sales value of work performed during the year by reference to the total sales value and the stage of completion of each contract and excludes Value Added Tax.

The amount by which turnover is in excess of payments on account is classified as 'amounts recoverable on contracts' and is disclosed separately within debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

497,264

Additions

231,653

Disposals

(190,206

)

At 31st March 2025

538,711

DEPRECIATION

At 1st April 2024

239,575

Charge for year

56,411

Eliminated on disposal

(91,992

)

At 31st March 2025

203,994

NET BOOK VALUE

At 31st March 2025

334,717

At 31st March 2024

257,689

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

218,298

Additions

224,795

Disposals

(182,850

)

Transfer to ownership

(30,448

)

At 31st March 2025

229,795

DEPRECIATION

At 1st April 2024

99,060

Charge for year

30,174

Eliminated on disposal

(84,636

)

Transfer to ownership

(35,448

)

At 31st March 2025

9,150

NET BOOK VALUE

At 31st March 2025

220,645

At 31st March 2024

119,238

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

300,447

786,611

Amounts recoverable on

contracts

202,556

604,791

Other debtors

88,269

194,899

591,272

1,586,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

34,427

110,645

Trade creditors

299,183

1,273,832

Taxation and social security

71,143

449,036

Other creditors

319,505

887,325

724,258

2,720,838

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

67,213

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Gross obligations repayable:

Within one year

41,061

111,635

Between one and five years

71,867

-

112,928

111,635

Finance charges repayable:

Within one year

6,634

990

Between one and five years

4,654

-

11,288

990

Net obligations repayable:

Within one year

34,427

110,645

Between one and five years

67,213

-

101,640

110,645

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

88,692

90,696

Between one and five years

104,955

191,028

193,647

281,724

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

V J Thornton

Balance outstanding at start of year

91,462

23,222

Amounts advanced

456,653

172,004

Amounts repaid

(536,838

)

(103,764

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,277

91,462

T O'Toole

Balance outstanding at start of year

-

10,000

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

A Macenka

Balance outstanding at start of year

-

10,000

Amounts advanced

7,263

7,895

Amounts repaid

(7,263

)

(17,895

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Ms L J Thornton

Balance outstanding at start of year

14,479

-

Amounts advanced

24,300

50,317

Amounts repaid

(38,779

)

(35,838

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

14,479

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Thornton Partnership Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Thornton Partnership Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Thornton Partnership Limited and state those matters that we have agreed to state to the Board of Directors of The Thornton Partnership Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Thornton Partnership Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Thornton Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Thornton Partnership Limited. You consider that The Thornton Partnership Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Thornton Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

20th November 2025