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Company Registration No. 10193231 (England and Wales)
THORINGTON JOINERY LTD Unaudited accounts for the year ended 31 May 2025
THORINGTON JOINERY LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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THORINGTON JOINERY LTD Company Information for the year ended 31 May 2025
Directors
Christopher William Hayton Christopher Paul Pipe
Company Number
10193231 (England and Wales)
Registered Office
UNIT 52 RAYDON ROAD GREAT WENHAM COLCHESTER ESSEX CO7 6QD UNITED KINGDOM
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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THORINGTON JOINERY LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
62,903
73,626
Current assets
Inventories
5,000
5,000
Debtors
5
57,119
38,593
Cash at bank and in hand
98,523
119,462
160,642
163,055
Creditors: amounts falling due within one year
6
(139,989)
(104,452)
Net current assets
20,653
58,603
Total assets less current liabilities
83,556
132,229
Creditors: amounts falling due after more than one year
7
(4,000)
(8,769)
Provisions for liabilities
Deferred tax
(15,207)
(17,774)
Net assets
64,349
105,686
Capital and reserves
Called up share capital
2
2
Profit and loss account
64,347
105,684
Shareholders' funds
64,349
105,686
For the year ending 31 May 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 24 November 2025 and were signed on its behalf by
Christopher William Hayton Director Company Registration No. 10193231
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THORINGTON JOINERY LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
THORINGTON JOINERY LTD is a private company, limited by shares, registered in England and Wales, registration number 10193231. The registered office is UNIT 52 RAYDON ROAD, GREAT WENHAM, COLCHESTER, ESSEX, CO7 6QD, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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THORINGTON JOINERY LTD Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
132,578
22,200
4,034
652
159,464
Additions
1,000
-
-
458
1,458
At 31 May 2025
133,578
22,200
4,034
1,110
160,922
Depreciation
At 1 June 2024
70,174
12,855
2,740
69
85,838
Charge for the year
9,398
2,336
194
253
12,181
At 31 May 2025
79,572
15,191
2,934
322
98,019
Net book value
At 31 May 2025
54,006
7,009
1,100
788
62,903
At 31 May 2024
62,404
9,345
1,294
583
73,626
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
56,219
37,775
Accrued income and prepayments
900
818
57,119
38,593
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
20,583
15,264
Trade creditors
78,197
62,542
Taxes and social security
35,867
25,306
Other creditors
1,640
-
Loans from directors
628
57
Accruals
3,074
1,283
139,989
104,452
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,000
7,194
Other creditors
-
1,575
4,000
8,769
8
Average number of employees
During the year the average number of employees was 15 (2024: 14).
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