REGISTERED NUMBER: 04319825 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

COURTNEY-THORNE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Vickrage

Mrs L Bown

Mr D J Hewitt

SECRETARY:

Mr G Vickrage

REGISTERED OFFICE:

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

REGISTERED NUMBER:

04319825 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Intangible assets

4

581,292

610,485

Tangible assets

5

194,911

210,778

776,203

821,263

CURRENT ASSETS

Stocks

668,390

672,511

Debtors

392,832

666,901

Cash at bank

704,564

460,804

1,765,786

1,800,216

CREDITORS

Amounts falling due within one year

(1,155,953

)

(1,156,186

)

NET CURRENT ASSETS

609,833

644,030

TOTAL ASSETS LESS CURRENT LIABILITIES

1,386,036

1,465,293

CREDITORS

Amounts falling due after more than one year

-

(6,300

)

PROVISIONS FOR LIABILITIES

(116,016

)

(94,406

)

NET ASSETS

1,270,020

1,364,587

CAPITAL AND RESERVES

Called up share capital

101,509

101,509

Share premium

7,966

7,966

Capital redemption reserve

101,180

103,717

Other reserves

22,271

22,271

Retained earnings

1,037,094

1,129,124

SHAREHOLDERS' FUNDS

1,270,020

1,364,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

Mr G Vickrage - Director

1.	STATUTORY INFORMATION

Courtney-Thorne Ltd 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 (£).

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 represents the value of goods and services supplied during the year, excluding value added tax.

Intangible assets

Development expenditure in relation to the Altra project is capitalised up to the date of production which commenced 2017 . It will be amortised evenly over its useful life of 5 years.

Development expenditure on two further projects, NCS Cloud and Altra 2 , is being amortised evenly over 5 years.

Whilst R&D work commenced it 2017 it is an ongoing element of the trade, therefore there will be a remaining balance until 5 years after the cessation of R&D.

Tangible fixed assets

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

Improvements to property

-

5% on cost

Tools & equipment

-

25% on reducing balance

Office fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 Income Statement, 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.

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 39 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

3,288,803

Additions

236,091

Disposals

(17

)

At 31 December 2025

3,524,877

AMORTISATION

At 1 January 2025

2,678,318

Amortisation for year

265,284

Eliminated on disposal

(17

)

At 31 December 2025

2,943,585

NET BOOK VALUE

At 31 December 2025

581,292

At 31 December 2024

610,485

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

727,375

Additions

19,495

At 31 December 2025

746,870

DEPRECIATION

At 1 January 2025

516,597

Charge for year

35,362

At 31 December 2025

551,959

NET BOOK VALUE

At 31 December 2025

194,911

At 31 December 2024

210,778