Company registration number 05415161 (England and Wales)
AA THORNTON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
AA THORNTON LIMITED
COMPANY INFORMATION
Directors
Mr J M Randall
Mrs S J Randall
Mr R J Randall
Secretary
Mr J M Randall
Company number
05415161
Registered office
Thorpe House
93 Headlands
Kettering
Northamptonshire
United Kingdom
NN15 6BL
Accountants
Azets
Thorpe House
93 Headlands
Kettering
Northamptonshire
United Kingdom
NN15 6BL
Business address
1 - 7 High Street
Kettering
Northamptonshire
United Kingdom
NN16 8ST
AA THORNTON LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
AA THORNTON LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
157,102
179,352
Investments
5
3,000
3,000
160,102
182,352
Current assets
Stocks
215,512
178,484
Debtors
6
3,672
2,908
Cash at bank and in hand
16,492
22,307
235,676
203,699
Creditors: amounts falling due within one year
7
(304,823)
(277,300)
Net current liabilities
(69,147)
(73,601)
Total assets less current liabilities
90,955
108,751
Creditors: amounts falling due after more than one year
8
(18,158)
(30,150)
Provisions for liabilities
(13,113)
(15,885)
Net assets
59,684
62,716
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
59,584
62,616
Total equity
59,684
62,716
AA THORNTON LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 January 2026 and are signed on its behalf by:
Mr J M Randall
Director
Company registration number 05415161 (England and Wales)
AA THORNTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

AA Thornton Limited is a private company limited by shares incorporated in England and Wales. The registered office is Thorpe House, 93 Headlands, Kettering, Northamptonshire, United Kingdom, NN15 6BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bas i s:

Leasehold improvements
10% on cost
Plant and equipment
10% on cost
Fixtures and fittings
10% on reducing balance
Computers
5% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

AA THORNTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

AA THORNTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

AA THORNTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
7
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 June 2024
218,984
32,693
106,314
1,283
359,274
Additions
-
0
-
0
6,302
332
6,634
At 31 May 2025
218,984
32,693
112,616
1,615
365,908
Depreciation and impairment
At 1 June 2024
99,510
6,553
73,433
426
179,922
Depreciation charged in the year
21,898
3,269
3,427
290
28,884
At 31 May 2025
121,408
9,822
76,860
716
208,806
Carrying amount
At 31 May 2025
97,576
22,871
35,756
899
157,102
At 31 May 2024
119,474
26,140
32,881
857
179,352
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
3,000
3,000
AA THORNTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,672
2,908
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,352
8,151
Trade creditors
50,393
29,501
Corporation tax
23,429
16,780
Other taxation and social security
8,810
14,443
Other creditors
213,839
208,425
304,823
277,300
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
8,360
Other creditors
18,158
21,790
18,158
30,150
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Class A Shares of £1 each
40
40
40
40
Ordinary Class B Shares of £1 each
40
40
40
40
Ordinary Class C Shares of £1 each
20
20
20
20
100
100
100
100
10
Operating lease commitments
As lessee
AA THORNTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
10
Operating lease commitments
(Continued)
- 8 -

The company has an annual rent commitment in respect of a property lease expiring on 22 October 2027, as follows:

2025
2024
£
£
Total commitments
65,250
92,250
11
Prior period adjustment
Reconciliation of changes in equity
1 June
31 May
2023
2024
Notes
£
£
Adjustments to prior year
Omitted dividends
1
-
(12,600)
Equity as previously reported
89,668
75,316
Equity as adjusted
89,668
62,716
Analysis of the effect upon equity
Profit and loss reserves
-
(12,600)
Notes to reconciliation
1 Omitted dividends

A dividend declared in the prior financial year was omitted from the financial statements for the year ended 31 May 2024. This has been treated as a prior period error under FRS 102 Section 10 and corrected by way of a prior year adjustment. Opening retained earnings have been reduced by £12,600 with a corresponding increase in dividends payable. Comparative figures have been restated accordingly. There is no impact on the profit or loss for the current financial year.

2025-05-31 2024-06-01 false false false 02 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs S J Randall Mr R J Randall Mr R J Randall Mr J M Randall 05415161 2024-06-01 2025-05-31 05415161 bus:CompanySecretaryDirector1 2024-06-01 2025-05-31 05415161 bus:Director1 2024-06-01 2025-05-31 05415161 bus:Director2 2024-06-01 2025-05-31 05415161 bus:CompanySecretary1 2024-06-01 2025-05-31 05415161 bus:Director3 2024-06-01 2025-05-31 05415161 bus:RegisteredOffice 2024-06-01 2025-05-31 05415161 2025-05-31 05415161 2024-05-31 05415161 core:LeaseholdImprovements 2025-05-31 05415161 core:PlantMachinery 2025-05-31 05415161 core:FurnitureFittings 2025-05-31 05415161 core:ComputerEquipment 2025-05-31 05415161 core:LeaseholdImprovements 2024-05-31 05415161 core:PlantMachinery 2024-05-31 05415161 core:FurnitureFittings 2024-05-31 05415161 core:ComputerEquipment 2024-05-31 05415161 core:WithinOneYear 2025-05-31 05415161 core:WithinOneYear 2024-05-31 05415161 core:AfterOneYear 2025-05-31 05415161 core:AfterOneYear 2024-05-31 05415161 core:ShareCapital 2025-05-31 05415161 core:ShareCapital 2024-05-31 05415161 core:RetainedEarningsAccumulatedLosses 2025-05-31 05415161 core:RetainedEarningsAccumulatedLosses 2024-05-31 05415161 core:ShareCapitalOrdinaryShareClass2 2025-05-31 05415161 core:ShareCapitalOrdinaryShareClass2 2024-05-31 05415161 core:ShareCapitalOrdinaryShareClass3 2025-05-31 05415161 core:ShareCapitalOrdinaryShareClass3 2024-05-31 05415161 core:ShareCapitalOrdinaryShareClass4 2025-05-31 05415161 core:ShareCapitalOrdinaryShareClass4 2024-05-31 05415161 core:ShareCapitalOrdinaryShares 2025-05-31 05415161 core:ShareCapitalOrdinaryShares 2024-05-31 05415161 core:LeaseholdImprovements 2024-06-01 2025-05-31 05415161 core:PlantMachinery 2024-06-01 2025-05-31 05415161 core:FurnitureFittings 2024-06-01 2025-05-31 05415161 core:ComputerEquipment 2024-06-01 2025-05-31 05415161 2023-06-01 2024-05-31 05415161 core:LeaseholdImprovements 2024-05-31 05415161 core:PlantMachinery 2024-05-31 05415161 core:FurnitureFittings 2024-05-31 05415161 core:ComputerEquipment 2024-05-31 05415161 2024-05-31 05415161 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 05415161 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 05415161 core:CurrentFinancialInstruments 2025-05-31 05415161 core:CurrentFinancialInstruments 2024-05-31 05415161 core:Non-currentFinancialInstruments 2025-05-31 05415161 core:Non-currentFinancialInstruments 2024-05-31 05415161 bus:OrdinaryShareClass2 2024-06-01 2025-05-31 05415161 bus:OrdinaryShareClass3 2024-06-01 2025-05-31 05415161 bus:OrdinaryShareClass4 2024-06-01 2025-05-31 05415161 bus:OrdinaryShareClass2 2025-05-31 05415161 bus:OrdinaryShareClass2 2024-05-31 05415161 bus:OrdinaryShareClass3 2025-05-31 05415161 bus:OrdinaryShareClass3 2024-05-31 05415161 bus:OrdinaryShareClass4 2025-05-31 05415161 bus:OrdinaryShareClass4 2024-05-31 05415161 bus:AllOrdinaryShares 2025-05-31 05415161 bus:AllOrdinaryShares 2024-05-31 05415161 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 05415161 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 05415161 bus:FRS102 2024-06-01 2025-05-31 05415161 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 05415161 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP