Thunderhill Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04120268 (England and Wales)

THUNDERHILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

K J Moore

S J M Willis

SECRETARY:

S J M Willis

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

04120268 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

1,006,876

1,018,954

CURRENT ASSETS

Stocks

713,471

845,000

Debtors

6

1,062,051

1,173,507

Cash at bank and in hand

1,319

1,318

1,776,841

2,019,825

CREDITORS

Amounts falling due within one year

7

1,810,526

2,052,074

NET CURRENT LIABILITIES

(33,685

)

(32,249

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

973,191

986,705

CREDITORS

Amounts falling due after more than one
year

8

(228,884

)

(265,738

)

PROVISIONS FOR LIABILITIES

(61,476

)

(56,290

)

NET ASSETS

682,831

664,677

CAPITAL AND RESERVES

Called up, paid and allotted share capital

2,000

Revaluation reserve

11

279,266

Retained earnings

11

401,565

383,411

SHAREHOLDERS' FUNDS

682,831

664,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

S J M Willis - Director

1.	STATUTORY INFORMATION

Thunderhill 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 as modified by the revaluation of certain assets.

Income recognition

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in the fair value are recognised in the revaluation reserve.

Stocks

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 22 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Office

Motor

property

machinery

equipment

vehicles

Totals

£

COST OR VALUATION

At 1 March 2025

900,000

12,447

14,973

231,116

1,158,536

Additions

-

29,500

Disposals

-

(54,776

)

(54,776

)

At 28 February 2026

900,000

12,447

14,973

205,840

1,133,260

DEPRECIATION

At 1 March 2025

-

10,912

9,007

119,663

139,582

Charge for year

-

307

1,194

35,238

36,739

Eliminated on disposal

-

(49,937

)

(49,937

)

At 28 February 2026

-

11,219

10,201

104,964

126,384

NET BOOK VALUE

At 28 February 2026

900,000

1,228

4,772

100,876

1,006,876

At 28 February 2025

900,000

1,535

5,966

111,453

1,018,954

Cost or valuation at 28 February 2026 is represented by:

Freehold

Plant and

Office

Motor

property

machinery

equipment

vehicles

Totals

£

Valuation in 2025

190,284

-

190,284

Cost

709,716

12,447

14,973

205,840

942,976

900,000

12,447

14,973

205,840

1,133,260

If freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

709,716

Aggregate depreciation

124,650

Freehold property was valued on an open market basis on 28 February 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

955,814

1,103,755

Other debtors

106,237

69,752

1,062,051

1,173,507

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

659,619

819,920

Hire purchase contracts (see note 9)

26,771

19,768

Trade creditors

1,013,925

1,123,180

Taxation and social security

62,729

44,616

Other creditors

47,482

44,590

1,810,526

2,052,074

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

158,032

193,240

Hire purchase contracts (see note 9)

70,852

72,498

228,884

265,738

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

42,256

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

26,771

19,768

Between one and five years

70,852

72,498

97,623

92,266

Non-cancellable

operating leases

2026

2025

£

Within one year

32,757

42,148

Between one and five years

53,285

48,333

86,042

90,481

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank overdrafts

624,411

786,281

Bank loans

193,240

226,879

Hire purchase contracts

97,623

92,266

915,274

1,105,426

The mortgage is secured by debentures/charges in favour of Lloyds Bank PLC, to secure property. This comprises fixed and floating charges over the undertaking as well as a negative pledge.

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 March 2025

383,411

279,266

662,677

Profit for the year

18,154

At 28 February 2026

401,565

279,266

680,831

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

S J M Willis

Balance outstanding at start of year

3,000

-

Amounts advanced

-

3,000

Amounts repaid

(3,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,000

13.	RELATED PARTY DISCLOSURES

1. One of the directors operates a loan account with the company which is interest free and repayable on demand. Transactions of which can be found in the table above.

2. SDE Holdings Limited, the parent company, operates a loan account with the company which is interest free and repayable on demand. The amount outstanding at the year end was £9,950 (2025 £9,950).