REGISTERED NUMBER: 08402397 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Thorley Smith Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

)

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.