Company Registration No. NI610003 (Northern Ireland)
Thorn Bio-Scientific Limited
Unaudited accounts
for the period from 1 December 2024 to 31 May 2026
Thorn Bio-Scientific Limited
Unaudited accounts
Contents
Thorn Bio-Scientific Limited
Company Information
for the period from 1 December 2024 to 31 May 2026
Directors
Anita Thorn
James Thorn
Company Number
NI610003 (Northern Ireland)
Registered Office
1 Church Street
Fintona
Omagh
County Tyrone
BT78 2BR
Northern Ireland
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
Thorn Bio-Scientific Limited
Statement of financial position
as at 31 May 2026
Cash at bank and in hand
40,171
124,118
Creditors: amounts falling due within one year
(76,141)
(58,799)
Net current assets
5,993
65,319
Called up share capital
30
30
Profit and loss account
5,963
66,448
Shareholders' funds
5,993
66,478
For the period ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by
James Thorn
Director
Company Registration No. NI610003
Thorn Bio-Scientific Limited
Notes to the Accounts
for the period from 1 December 2024 to 31 May 2026
Thorn Bio-Scientific Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI610003. The registered office is 1 Church Street, Fintona, Omagh, County Tyrone, BT78 2BR, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The company ceased trading on 31st May 2026. The directors intend to place the company into members' voluntary liquidation within the next twelve months.
Accordingly, the financial statements have not been prepared on a going concern basis. Instead, they have been prepared on a basis other than going concern, whereby assets are stated at their estimated recoverable amounts and liabilities include any additional amounts expected to arise as a result of the cessation of trade, including the estimated costs of winding up the company.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Thorn Bio-Scientific Limited
Notes to the Accounts
for the period from 1 December 2024 to 31 May 2026
4
Tangible fixed assets
Fixtures & fittings
Charge for the period
1,159
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2024
Taxes and social security
1,799
11,901
Loans from directors
18,163
38,838
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Average number of employees
During the period the average number of employees was 2 (2024: 2).