| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| FOR |
| T J THORNTON LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| FOR |
| T J THORNTON LIMITED |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| T J THORNTON LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Portland House |
| 11-13 Station Road |
| Kettering |
| Northamptonshire |
| NN15 7HH |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| BALANCE SHEET |
| 30TH APRIL 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Reserve from property transfer | 10 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| BALANCE SHEET - continued |
| 30TH APRIL 2025 |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| T J Thornton Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| For operational reasons the previous reporting period was extended, therefore comparative amounts (including the related notes) may not be entirely comparable. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate. |
| 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. |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st May 2024 |
| Revaluations |
| Reclassification/transfer | ( |
) | ( |
) |
| At 30th April 2025 |
| DEPRECIATION |
| At 1st May 2024 |
| Charge for year |
| Reclassification/transfer | ( |
) | ( |
) |
| At 30th April 2025 |
| NET BOOK VALUE |
| At 30th April 2025 |
| At 30th April 2024 |
| The freehold property was reclassified as investment property at the year end. |
| The freehold property was revalued in 2024 with an increase in value of £70,390 and in 2025 upon reclassification at fair value with an increase of £4,495. |
| The historical cost was £279,528 with aggregate depreciation of £33,508. The value included in historical cost of the land was £100,000 |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Reclassification/transfer | 320,000 |
| At 30th April 2025 |
| NET BOOK VALUE |
| At 30th April 2025 |
| Included in fair value of investment property is freehold land of £ 125,182 which is not depreciated. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years |
| by instalment | 88,461 | 100,257 |
| 88,461 | 100,257 |
| T J THORNTON LIMITED (REGISTERED NUMBER: 06386515) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2025 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans | 148,709 | 167,156 |
| The debts are secured by a fixed and floating charge against the assets of the company. |
| Bank loans are secured under the UK government Bounce Back and Coronavirus Business Interruption loan schemes providing a full guarantee on the outstanding amount. |
| 10. | RESERVES |
| Reserve |
| from |
| Revaluation | property |
| reserve | transfer | Totals |
| £ | £ | £ |
| At 1st May 2024 | - | 70,390 |
| Property revaluation | 4,494 | - | 4,494 |
| Deferred Tax movement | (7,690 | ) | - | (7,690 | ) |
| Excess depreciation on |
| revaluation | (904 | ) | - | (904 | ) |
| Transfer on reclassification | (66,290 | ) | 66,290 | - |
| At 30th April 2025 |
| 11. | RELATED PARTY DISCLOSURES |
| All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions. |