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REGISTERED NUMBER: 08402397 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Thorley Smith Limited

Thorley Smith Limited (Registered number: 08402397)

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Thorley Smith Limited

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | D K Tonks

| D B Tonks

| SECRETARY: | E M Winstanley

| REGISTERED OFFICE: | Britannia Mill

| Clayton Street

| Wigan

| Lancashire

| WN3 4DG

| REGISTERED NUMBER: | 08402397 (England and Wales)

| ACCOUNTANTS: | M J Miller & Co. Ltd

| Chartered Certified Accountants

| 56 Gidlow Lane

| Gidlow

| Wigan

| Lancashire

| WN6 7DP

Thorley Smith Limited (Registered number: 08402397)

Balance Sheet

31 March 2026

31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 40,249 |  | 50,340 |  |

Investments | 5 | 36,883 |  | 48,287 |  |

77,132 |  | 98,627 |  |

CURRENT ASSETS

Stocks | 343,228 |  | 354,411 |  |

Debtors | 6 | 347,036 |  | 317,974 |  |

Cash in hand | 561,804 |  | 470,774 |  |

1,252,068 |  | 1,143,159 |  |

CREDITORS

Amounts falling due within one year | 7 | 332,275 |  | 358,066 |  |

NET CURRENT ASSETS | 919,793 |  | 785,093 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 996,925 |  | 883,720 |  |

CAPITAL AND RESERVES

Called up share capital | 1,500 |  | 1,500 |  |

Share premium | 204,070 |  | 204,070 |  |

Revaluation reserve | 8 | (101,585 | ) | (90,181 | ) |

Retained earnings | 892,940 |  | 768,331 |  |

SHAREHOLDERS' FUNDS | 996,925 |  | 883,720 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

Thorley Smith Limited (Registered number: 08402397)

Balance Sheet - continued

31 March 2026

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

D K Tonks - Director

Thorley Smith Limited (Registered number: 08402397)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Thorley Smith 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.

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 as modified by the revaluation of certain 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.

| Tangible fixed assets

| Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

| Fixtures, fittings & equipment :

| 25% straight line

| Motor vehicles :

| 20% reducing balance

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

| Taxation

| Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current 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.

Thorley Smith Limited (Registered number: 08402397)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

| Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2025 - 17 ) .

4. | TANGIBLE FIXED ASSETS

Fixtures |

Freehold | and | Motor |

property | fittings | vehicles | Totals |

| £ | £ | £ | £

| COST

| At 1 April 2025

| and 31 March 2026 | 15,001 |  | 42,826 |  | 36,230 |  | 94,057 |  |

| DEPRECIATION

| At 1 April 2025 | - |  | 32,745 |  | 10,972 |  | 43,717 |  |

| Charge for year | - |  | 5,039 |  | 5,052 |  | 10,091 |  |

| At 31 March 2026 | - |  | 37,784 |  | 16,024 |  | 53,808 |  |

| NET BOOK VALUE

| At 31 March 2026 | 15,001 |  | 5,042 |  | 20,206 |  | 40,249 |  |

| At 31 March 2025 | 15,001 |  | 10,081 |  | 25,258 |  | 50,340 |  |

5. | FIXED ASSET INVESTMENTS

Other |

investments |

| £

| COST OR VALUATION

| At 1 April 2025 | 48,287 |  |

| Revaluations | (11,404 | ) |

| At 31 March 2026 | 36,883 |  |

| NET BOOK VALUE

| At 31 March 2026 | 36,883 |  |

| At 31 March 2025 | 48,287 |  |

Thorley Smith Limited (Registered number: 08402397)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 31 March 2026 is represented by:

Other |

investments |

| £

| Valuation in 2026 | 36,883 |  |

6. | DEBTORS

31.3.26 | 31.3.25 |

| £ | £

| Amounts falling due within one year:

| Trade debtors | 244,295 |  | 214,207 |  |

| Other debtors | 86,264 |  | 87,290 |  |

330,559 |  | 301,497 |  |

| Amounts falling due after more than one year:

| Other debtors | 16,477 |  | 16,477 |  |

| Aggregate amounts | 347,036 |  | 317,974 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.3.26 | 31.3.25 |

| £ | £

| Trade creditors | 179,589 |  | 236,985 |  |

| Taxation and social security | 53,439 |  | 44,201 |  |

| Other creditors | 99,247 |  | 76,880 |  |

332,275 |  | 358,066 |  |

8. | RESERVES

Revaluation |

reserve |

| £

| At 1 April 2025 | (90,181 | ) |

| Revaluation movement | (11,404 | ) |

| At 31 March 2026 | (101,585 | ) |

Thorley Smith Limited (Registered number: 08402397)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26 | 31.3.25 |

| £ | £

| D K Tonks and D B Tonks

| Balance outstanding at start of year | 49,700 |  | 49,715 |  |

| Amounts repaid | - |  | (15 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 49,700 |  | 49,700 |  |

10. | RELATED PARTY DISCLOSURES

| During the year, no dividends were paid to the directors (2025 - nil)

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is D K Tonks.

| The ultimate controlling party is D K Tonks.