Thornhill Distribution Limited - Accounts to registrar (filleted) - small 18.2

Thornhill Distribution Limited - Accounts to registrar (filleted) - small 18.2

THORNHILL DISTRIBUTION LIMITED - Company Information

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REGISTERED NUMBER: SC414802 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

THORNHILL DISTRIBUTION LIMITED
THORNHILL DISTRIBUTION LIMITED (REGISTERED NUMBER: SC414802)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THORNHILL DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTORS: F N G Singer
N D Johnstone





REGISTERED OFFICE: Suite 1/2
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC414802 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA
Page 1
THORNHILL DISTRIBUTION LIMITED (REGISTERED NUMBER: SC414802)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 143,121 143,828

CURRENT ASSETS
Debtors 4 120,566 119,486
Cash at bank and in hand 358,445 311,078
479,011 430,564
CREDITORS
Amounts falling due within one year 5 47,283 47,388
NET CURRENT ASSETS 431,728 383,176
TOTAL ASSETS LESS CURRENT
LIABILITIES
574,849
527,004

CREDITORS
Amounts falling due after more than
one year
6
571,752
523,292
NET ASSETS 3,097 3,712

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,997 3,612
SHAREHOLDERS' FUNDS 3,097 3,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 October 2019 and were signed
on its behalf by:



F N G Singer - Director


The notes form part of these financial statements

Page 2
THORNHILL DISTRIBUTION LIMITED (REGISTERED NUMBER: SC414802)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019


1. STATUTORY INFORMATION

Thornhill Distribution Limited is a private company, limited by shares , registered in Scotland. 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.

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.

Page 3 continued...
THORNHILL DISTRIBUTION LIMITED (REGISTERED NUMBER: SC414802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2018
and 31 January 2019 140,998 5,032 146,030
DEPRECIATION
At 1 February 2018 - 2,202 2,202
Charge for year - 707 707
At 31 January 2019 - 2,909 2,909
NET BOOK VALUE
At 31 January 2019 140,998 2,123 143,121
At 31 January 2018 140,998 2,830 143,828

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 120,566 119,486

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors (1 ) 58
Taxation and social security 201 247
Other creditors 47,083 47,083
47,283 47,388

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Other creditors 571,752 523,292

Page 4