Thornham Deli Limited - Filleted accounts

Registered number

09082411

Thornham Deli Limited

Unaudited Filleted Accounts

31 January 2026

Thornham Deli Limited
Registered number:		09082411
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		90,923			102,436

Current assets
Stocks		131,177			140,282
Debtors	5	272,220			270,250
Cash at bank and in hand		141,623			99,336
		545,020			509,868

Creditors: amounts falling due within one year	6	(914,527)			(953,888)

Net current liabilities			(369,507)			(444,020)

Total assets less current liabilities			(278,584)			(341,584)

Creditors: amounts falling due after more than one year	7		-			(9,960)



Net liabilities			(278,584)			(351,544)

Capital and reserves
Called up share capital			120			120
Profit and loss account			(278,704)			(351,664)

Shareholders' funds			(278,584)			(351,544)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs S J Thompson
Director
Approved by the board on 17 April 2026

Thornham Deli Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					31		32


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							324,555
	At 31 January 2026							324,555

	Amortisation
	At 1 February 2025							324,555
	At 31 January 2026							324,555

	Net book value
	At 31 January 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	113,223		280,602		27,995		421,820
	Additions	-		11,656		-		11,656
	At 31 January 2026	113,223		292,258		27,995		433,476

	Depreciation
	At 1 February 2025	69,166		229,994		20,224		319,384
	Charge for the year	5,661		15,565		1,943		23,169
	At 31 January 2026	74,827		245,559		22,167		342,553

	Net book value
	At 31 January 2026	38,396		46,699		5,828		90,923
	At 31 January 2025	44,057		50,608		7,771		102,436


5	Debtors					2026		2025
£							£

	Trade debtors					222,915		233,836
	Other debtors					49,305		36,414
						272,220		270,250


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					9,959		29,879
	Trade creditors					60,214		56,851
	Taxation and social security costs					97,947		121,029
	Other creditors					746,407		746,129
						914,527		953,888


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		9,960


8	Other information

	Thornham Deli Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Thornham Deli
	High Street
	Thornham
	Hunstanton
	PE36 6LX