THORNTON M LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Thornton

REGISTERED OFFICE:

3 South View

Mountain

Queensbury

Bradford

West Yorkshire

BD13 1JF

REGISTERED NUMBER:

09554718 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

53,366

25,187

CURRENT ASSETS

Stocks

101,094

72,472

Debtors

5

174,162

143,507

Cash at bank

13,700

28,081

288,956

244,060

CREDITORS

Amounts falling due within one year

6

74,984

58,023

NET CURRENT ASSETS

213,972

186,037

TOTAL ASSETS LESS CURRENT LIABILITIES

267,338

211,224

CREDITORS

Amounts falling due after more than one year

7

(41,290

)

(1,535

)

PROVISIONS FOR LIABILITIES

8

(10,520

)

(5,435

)

NET ASSETS

215,528

204,254

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

215,527

204,253

SHAREHOLDERS' FUNDS

215,528

204,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2026 and were signed by:

M C Thornton - Director

1.	STATUTORY INFORMATION

Thornton M 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.

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 provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

1,854

7,299

99,830

108,983

Additions

-

-

62,120

62,120

Disposals

-

-

(36,374

)

(36,374

)

At 30 November 2025

1,854

7,299

125,576

134,729

DEPRECIATION

At 1 December 2024

1,374

4,061

78,361

83,796

Charge for year

120

486

16,752

17,358

Eliminated on disposal

-

-

(19,791

)

(19,791

)

At 30 November 2025

1,494

4,547

75,322

81,363

NET BOOK VALUE

At 30 November 2025

360

2,752

50,254

53,366

At 30 November 2024

480

3,238

21,469

25,187

The net book value of tangible fixed assets includes £ 46,590 in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

163,202

131,139

Other debtors

1,572

1,536

Directors' current accounts

6,974

7,018

Tax

2,414

2,414

Prepayments

-

1,400

174,162

143,507

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

-

4,953

Hire purchase contracts

12,387

-

Trade creditors

40,036

35,555

Tax

6,340

13,035

Social security and other taxes

910

421

VAT

2,384

1,894

Snap-on loans

10,652

-

Accrued expenses

2,275

2,165

74,984

58,023

Loans from directors are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

-

1,535

Hire purchase contracts

41,290

-

41,290

1,535

8.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

10,520

5,435

Deferred

tax

£

Balance at 1 December 2024

5,435

Accelerated capital allowances

5,085

Balance at 30 November 2025

10,520

The entire deferred tax liability consists of accelerated capital allowances.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

1

Ordinary

£1.00

1

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

M C Thornton

Balance outstanding at start of year

7,018

7,152

Amounts advanced

38,806

38,116

Amounts repaid

(38,850

)

(38,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,974

7,018

The director's loan is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M C Thornton.