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REGISTERED NUMBER: 01169815 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2022

for

Thomas Defence Systems Ltd
(Incorporated As
Thomas Sports Equipment Limited)

Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Defence Systems Ltd
(Incorporated As
Thomas Sports Equipment Limited)

Company Information
for the Year Ended 31 May 2022







Director: Mr C J Thomas





Secretary: Mrs S L Walker





Registered office: 2 Belgrave Crescent
Scarborough
North Yorkshire
YOII 1UB





Registered number: 01169815 (England and Wales)





Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)

Balance Sheet
31 May 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Tangible assets 4 25,172 31,542

Current assets
Stocks 53,932 55,501
Debtors 5 51,363 31,553
Cash at bank 63,277 96,732
168,572 183,786
Creditors
Amounts falling due within one year 6 34,609 26,364
Net current assets 133,963 157,422
Total assets less current liabilities 159,135 188,964

Creditors
Amounts falling due after more than one
year

7

(4,367

)

(9,607

)

Provisions for liabilities (4,508 ) (5,658 )
Net assets 150,260 173,699

Capital and reserves
Called up share capital 8 100 100
Retained earnings 150,160 173,599
Shareholders' funds 150,260 173,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)

Balance Sheet - continued
31 May 2022


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 director and authorised for issue on 25 August 2022 and were signed by:





Mr C J Thomas - Director


Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. Statutory information

Thomas Defence Systems 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.

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.

Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Assets acquired under hire purchase or finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 4 (2021 - 4 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2021 65,948 57,613 12,763 136,324
Additions - - 2,024 2,024
At 31 May 2022 65,948 57,613 14,787 138,348
Depreciation
At 1 June 2021 54,768 39,330 10,684 104,782
Charge for year 2,797 4,571 1,026 8,394
At 31 May 2022 57,565 43,901 11,710 113,176
Net book value
At 31 May 2022 8,383 13,712 3,077 25,172
At 31 May 2021 11,180 18,283 2,079 31,542

Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

5. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 44,312 22,340
Other debtors 7,051 9,213
51,363 31,553

6. Creditors: amounts falling due within one year
2022 2021
£    £   
Hire purchase contracts 5,240 5,240
Trade creditors 13,256 1,679
Taxation and social security 12,110 16,852
Other creditors 4,003 2,593
34,609 26,364

7. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Hire purchase contracts 4,367 9,607

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

Thomas Defence Systems Ltd (Registered number: 01169815)
(Incorporated As
Thomas Sports Equipment Limited)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 May 2022 and 31 May 2021:

2022 2021
£    £   
Mr C J Thomas
Balance outstanding at start of year (4,967 ) (282 )
Amounts advanced 54,402 33,516
Amounts repaid (48,761 ) (38,201 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 674 (4,967 )