Thor Foods Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01755559 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

THOR FOODS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs L Hanson

Mrs V C Wright

Mrs J A McGrory

Mrs C R Arden

SECRETARY:

Mrs V C Wright

REGISTERED OFFICE:

Kingsley House

Frieston

Grantham

Lincolnshire

NG32 3BY

REGISTERED NUMBER:

01755559 (England and Wales)

ACCOUNTANTS:

Enterprise, Chartered Accountants

Suite 4, First Floor

18 Market Place

Bingham

Nottingham

Nottinghamshire

NG13 8AP

FIXED ASSETS

Tangible assets

4

27,426

39,096

CURRENT ASSETS

Stocks

2,500

200

Debtors

5

85,239

78,576

Investments

362,470

341,305

Prepayments and accrued income

5,938

4,385

Cash at bank

234,932

302,277

691,079

726,743

CREDITORS

Amounts falling due within one year

44,681

79,529

NET CURRENT ASSETS

646,398

647,214

TOTAL ASSETS LESS CURRENT LIABILITIES

673,824

686,310

PROVISIONS FOR LIABILITIES

2,260

4,151

NET ASSETS

671,564

682,159

CAPITAL AND RESERVES

Called up share capital

20,250

20,250

Revaluation reserve

7

25,292

(145

)

Retained earnings

626,022

662,054

SHAREHOLDERS' FUNDS

671,564

682,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2017 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 on 9 August 2018 and were signed on its behalf by:

Mrs L Hanson - Director

Mrs J A McGrory - Director

Mrs C R Arden - Director

1.	STATUTORY INFORMATION

Thor Foods 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies

Listed investments are shown at fair/market value. These have previously been shown at cost.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% 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.

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.

On behalf of certain directors and staff the Company contributes to individual money purchase personal pension

schemes. Contributions paid by the Company during the year are charged to Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

169,373

Additions

383

At 31 December 2017

169,756

DEPRECIATION

At 1 January 2017

130,277

Charge for year

12,053

At 31 December 2017

142,330

NET BOOK VALUE

At 31 December 2017

27,426

At 31 December 2016

39,096

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other debtors

20,000

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Where vehicles are purchased under finance leases, the liabilities are secured on the assets to which they relate.

7.

RESERVES

Revaluation

reserve

£

At 1 January 2017

(145

)

Reserve transfer

25,437

At 31 December 2017

25,292

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

2017

2016

£

£

R E Green

Balance outstanding at start of year

(12

)

(1,063

)

Amounts advanced

-

1,051

Amounts repaid

12

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(12

)

Mrs C R Arden

Balance outstanding at start of year

327

-

Amounts advanced

527

327

Amounts repaid

(854

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

327

Mrs J A McGrory

Balance outstanding at start of year

-

-

Amounts advanced

294

-

Amounts repaid

(294

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J. A. McGrory and Mrs C. R.Arden.

10.	LISTED INVESTMENTS

In accordance with the requirements of FRS 102 1A, listed investments have been valued at market value. These

were previously shown at cost.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Thor Foods Limited for the year ended 31 December 2017 which comprise the Income

Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thor Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thor Foods Limited and state those matters that we have agreed to state to the Board of Directors of Thor Foods Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thor Foods Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thor Foods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thor Foods Limited. You consider that Thor Foods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thor Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Enterprise, Chartered Accountants

Suite 4, First Floor

18 Market Place

Bingham

Nottingham

Nottinghamshire

NG13 8AP

9 August 2018