REGISTERED NUMBER: 11531136 (England and Wales)

THORNWOOD DESIGN & BUILD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

T J Burton

REGISTERED OFFICE:

Unit 30 Thornwood Road

Epping

Essex

CM16 6TB

REGISTERED NUMBER:

11531136 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Intangible assets

5

16,020

17,309

Tangible assets

6

59,552

41,431

75,572

58,740

CURRENT ASSETS

Stocks

95,237

27,352

Debtors

7

387,147

174,008

Cash at bank

526,229

262,664

1,008,613

464,024

CREDITORS

Amounts falling due within one year

8

838,585

279,253

NET CURRENT ASSETS

170,028

184,771

TOTAL ASSETS LESS CURRENT LIABILITIES

245,600

243,511

CREDITORS

Amounts falling due after more than one year

9

(6,975

)

(12,209

)

PROVISIONS FOR LIABILITIES

(12,713

)

(7,149

)

NET ASSETS

225,912

224,153

CAPITAL AND RESERVES

Called up, paid and allotted share capital

100

100

Retained earnings

225,812

224,053

225,912

224,153

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 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 August 2026 and were signed by:

T J Burton - Director

1.	STATUTORY INFORMATION

Thornwood Design & Build 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Income recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

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.

Intangible fixed assets

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

19,831

278

20,109

AMORTISATION

At 1 April 2025

2,800

-

2,800

Charge for year

1,289

-

1,289

At 31 March 2026

4,089

-

4,089

NET BOOK VALUE

At 31 March 2026

15,742

278

16,020

At 31 March 2025

17,031

278

17,309

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

9,255

50,845

1,999

62,099

Additions

1,345

27,098

4,715

33,158

At 31 March 2026

10,600

77,943

6,714

95,257

DEPRECIATION

At 1 April 2025

3,137

16,726

805

20,668

Charge for year

2,547

10,984

1,506

15,037

At 31 March 2026

5,684

27,710

2,311

35,705

NET BOOK VALUE

At 31 March 2026

4,916

50,233

4,403

59,552

At 31 March 2025

6,118

34,119

1,194

41,431

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

345,163

122,676

Other debtors

41,984

51,332

387,147

174,008

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

5,734

4,520

Trade creditors

164,575

107,893

Taxation and social security

220,427

74,736

Other creditors

447,849

92,104

838,585

279,253

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

6,975

12,209

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2026

2025

£

£

T J Burton

Balance outstanding at start of year

8,637

11,410

Amounts advanced

82,935

71,370

Amounts repaid

(85,215

)

(74,143

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,357

8,637

11.	RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company the details of which can be found in the note above.