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REGISTERED NUMBER: 05626152 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Thomson Produce Limited

Thomson Produce Limited (Registered number: 05626152)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thomson Produce Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: A P Thomson
Ms K M Thomson
J Thomson





SECRETARY: J Green





REGISTERED OFFICE: 1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 05626152 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Thomson Produce Limited (Registered number: 05626152)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,748 37,808

CURRENT ASSETS
Debtors 5 2,453,430 1,614,527
Cash at bank 3,644,966 3,268,291
6,098,396 4,882,818
CREDITORS
Amounts falling due within one year 6 2,057,458 1,264,690
NET CURRENT ASSETS 4,040,938 3,618,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,090,686

3,655,936

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 4,090,586 3,655,836
4,090,686 3,655,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

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 25 October 2023 and were signed on its behalf by:





A P Thomson - Director


Thomson Produce Limited (Registered number: 05626152)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Thomson Produce 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 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 etc - 25% on cost and 25% on reducing balance

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.

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 pays employer's statutory contributions into a workplace pension scheme open to all eligible staff, who also contribute.The company's contributions are charged to profit and loss account as paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

Thomson Produce Limited (Registered number: 05626152)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 93,084
Additions 36,185
At 31 March 2023 129,269
DEPRECIATION
At 1 April 2022 55,276
Charge for year 24,245
At 31 March 2023 79,521
NET BOOK VALUE
At 31 March 2023 49,748
At 31 March 2022 37,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,887,066 1,133,273
Other debtors 566,364 481,254
2,453,430 1,614,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,737,671 1,033,865
Taxation and social security 133,428 94,179
Other creditors 186,359 136,646
2,057,458 1,264,690

Thomson Produce Limited (Registered number: 05626152)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CALLED UP SHARE CAPITAL

The called up share capital comprises:

2023 2022

A ordinary £1 shares 78 100

B ordinary £1 shares 10 -

C ordinary £1 shares 10 -

D ordinary £1 shares 1 -

E ordinary £1 shares 1 -

----- -----
£100 £100
==== ====

All classes of ordinary share rank pari passu in terms of voting rights, dividend eligibility and rights on a winding-up. -

8. RESERVES
Retained
earnings
£   

At 1 April 2022 3,655,836
Profit for the year 523,323
Dividends (88,573 )
At 31 March 2023 4,090,586

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £59,632 (2022 - £24,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Thomson.

At 31st March 2023 the company owed Mr Thomson £94,274 on interest-free current account.