REGISTERED NUMBER: 07600205 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

THORNTON & LOWE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D E Thornton

Mrs C M Y Thornton

REGISTERED OFFICE:

40 Higher Bridge Street

Bolton

BL1 2HA

REGISTERED NUMBER:

07600205 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Intangible assets

4

69,917

-

Tangible assets

5

19,833

11,325

89,750

11,325

CURRENT ASSETS

Debtors

789,773

578,011

Cash at bank

595,877

767,905

1,385,650

1,345,916

CREDITORS

Amounts falling due within one year

349,281

349,402

NET CURRENT ASSETS

1,036,369

996,514

TOTAL ASSETS LESS CURRENT LIABILITIES

1,126,119

1,007,839

CREDITORS

Amounts falling due after more than one year

(833

)

(10,833

)

PROVISIONS FOR LIABILITIES

(12,524

)

(2,754

)

NET ASSETS

1,112,762

994,252

CAPITAL AND RESERVES

Called up share capital

8

1,004

1,004

Share premium

24,900

24,900

Retained earnings

1,086,858

968,348

SHAREHOLDERS' FUNDS

1,112,762

994,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 5th November 2025 and were signed on its behalf by:

D E Thornton - Director

1.	STATUTORY INFORMATION

Thornton & Lowe 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.

Turnover

Revenue, expressed as turnover, is the value of services provided to customers net of value added tax.

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.

Website are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Depreciation

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

Fixtures and fittings

-

20% on cost

Office equipment

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade debtors, prepayments and other debtors and also trade creditors, accruals and other creditors, at the original transaction price.

All basic financial assets and liabilities are payable/repayable within one year and are not amortised.

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.

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 42 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

80,250

At 30th April 2025

80,250

AMORTISATION

Amortisation for year

10,333

At 30th April 2025

10,333

NET BOOK VALUE

At 30th April 2025

69,917

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2024

34,195

Additions

15,206

Disposals

(6,465

)

At 30th April 2025

42,936

DEPRECIATION

At 1st May 2024

22,870

Charge for year

4,857

Eliminated on disposal

(4,624

)

At 30th April 2025

23,103

NET BOOK VALUE

At 30th April 2025

19,833

At 30th April 2024

11,325

6.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

17,977

-

Between one and five years

28,464

-

46,441

-

7.	SECURED DEBTS

The company assets are secured by fixed and floating charges, dated 22 February 2023, in favour of Thomas Anderson.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

975

Ordinary A

£1

975

975

25

Ordinary B

£1

25

25

3

Ordinary C

£1

3

3

1

Ordinary D

£1

1

1

1,004

1,004

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director, D Thornton, who has a beneficial interest in all of the issued share capital of the parent company, David Thornton Holdings Limited.