Thornton & Lowe Training Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10033287 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

THORNTON & LOWE TRAINING LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D E Thornton

T Anderson

C E Grosstephan

REGISTERED OFFICE:

40 Higher Bridge Street

Bolton

BL1 2HA

REGISTERED NUMBER:

10033287 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

BANKERS:

Virgin Money

17-21 Oxford Street

Bolton

BL1 1RD

FIXED ASSETS

Tangible assets

4

378

-

CURRENT ASSETS

Debtors

19,681

14,446

Cash at bank and in hand

24,037

19,773

43,718

34,219

CREDITORS

Amounts falling due within one year

49,016

22,528

NET CURRENT (LIABILITIES)/ASSETS

(5,298

)

11,691

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,920

)

11,691

CAPITAL AND RESERVES

Called up share capital

5

200

200

Retained earnings

(5,120

)

11,491

SHAREHOLDERS' FUNDS

(4,920

)

11,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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 Balance Sheet for the year ended 30th April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 7th September 2023 and were signed on its behalf by:

D E Thornton - Director

1.	STATUTORY INFORMATION

Thornton & Lowe Training 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.

The financial statements have been prepared on a going concern basis which assumes the continuing support of related parties.

Turnover

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

Depreciation

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

Computer equipment

-

20% on cost

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade debtors, prepayments and other debtors and also trade creditors, accruals and other creditors, at the original transaction price.

All basic financial assets and liabilities are payable/repayable within one year and are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2022

542

Additions

462

At 30th April 2023

1,004

DEPRECIATION

At 1st May 2022

542

Charge for year

84

At 30th April 2023

626

NET BOOK VALUE

At 30th April 2023

378

At 30th April 2022

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

200

Ordinary

£1

200

200

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The opening amounts outstanding from the directors of £5432 were repaid during the year.

Where appropriate, interest is charged at recognised HMRC rates. The loans are repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its directors who between them own all of the issued share capital.