Company Registration No. 04487125 (England and Wales)
THOMAS LISTER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
THOMAS LISTER LIMITED
COMPANY INFORMATION
Directors
Ms R J Lister
Mr C B Thomas
Secretary
Ms R J Lister
Company number
04487125
Registered office
11 The Courtyard
Buntsford Gate
Bromsgrove
Worcestershire
B60 3DJ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
1 Calthorpe Road
Edgbaston
Birmingham
West Midlands
B15 1QL
THOMAS LISTER LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
THOMAS LISTER LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THOMAS LISTER LIMITED FOR THE YEAR ENDED 31 MAY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thomas Lister Limited for the year ended 31 May 2023 which comprise, the 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thomas Lister 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 Thomas Lister Limited and state those matters that we have agreed to state to the Board of Directors of Thomas Lister Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thomas Lister Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Thomas Lister 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 Thomas Lister Limited. You consider that Thomas Lister 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 Thomas Lister 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.

Ormerod Rutter Limited
11 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
THOMAS LISTER LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
47,810
55,900
Current assets
Debtors
5
235,600
262,511
Cash at bank and in hand
1,015,858
870,546
1,251,458
1,133,057
Creditors: amounts falling due within one year
6
(235,381)
(228,750)
Net current assets
1,016,077
904,307
Total assets less current liabilities
1,063,887
960,207
Capital and reserves
Called up share capital
7
4
4
Profit and loss reserves
1,063,883
960,203
Total equity
1,063,887
960,207

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 11 October 2023 and are signed on its behalf by:
Ms R J Lister
Mr C B Thomas
Director
Director
Company Registration No. 04487125
THOMAS LISTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information

Thomas Lister Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 The Courtyard, Buntsford Gate, Bromsgrove, Worcestershire, B60 3DJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been fully amortised on a systematic basis over its expected life.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
5% on cost
Fixtures and fittings
15% on reducing balance
Computer equipment
25% on reducing balance and 33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THOMAS LISTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 8 (2022 - 8).

THOMAS LISTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2022 and 31 May 2023
100,000
Amortisation and impairment
At 1 June 2022 and 31 May 2023
100,000
Carrying amount
At 31 May 2023
-
0
At 31 May 2022
-
0
4
Tangible fixed assets
Improvements to property
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2022
23,610
17,604
38,318
66,330
145,862
Additions
-
0
2,422
5,747
-
0
8,169
At 31 May 2023
23,610
20,026
44,065
66,330
154,031
Depreciation and impairment
At 1 June 2022
21,251
14,506
34,030
20,175
89,962
Depreciation charged in the year
1,181
831
2,708
11,539
16,259
At 31 May 2023
22,432
15,337
36,738
31,714
106,221
Carrying amount
At 31 May 2023
1,178
4,689
7,327
34,616
47,810
At 31 May 2022
2,359
3,098
4,288
46,155
55,900
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
223,316
251,169
Other debtors
9,969
8,801
233,285
259,970
Deferred tax asset
2,315
2,541
235,600
262,511
THOMAS LISTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
37,207
39,589
Taxation and social security
123,077
137,916
Other creditors
75,097
51,245
235,381
228,750
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary A of £1 each
2
2
2 Ordinary B of £1 each
2
2
4
4

 

8
Ultimate controlling party

There is no ultimate controlling party.

2023-05-312022-06-01false11 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr C B ThomasMr C B ThomasMs R J Listerfalse044871252022-06-012023-05-3104487125bus:CompanySecretaryDirector12022-06-012023-05-3104487125bus:Director12022-06-012023-05-3104487125bus:Director22022-06-012023-05-3104487125bus:CompanySecretary12022-06-012023-05-3104487125bus:RegisteredOffice2022-06-012023-05-3104487125bus:Agent12022-06-012023-05-31044871252023-05-31044871252022-05-3104487125core:LeaseholdImprovements2023-05-3104487125core:FurnitureFittings2023-05-3104487125core:ComputerEquipment2023-05-3104487125core:MotorVehicles2023-05-3104487125core:LeaseholdImprovements2022-05-3104487125core:FurnitureFittings2022-05-3104487125core:ComputerEquipment2022-05-3104487125core:MotorVehicles2022-05-3104487125core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3104487125core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3104487125core:CurrentFinancialInstruments2023-05-3104487125core:CurrentFinancialInstruments2022-05-3104487125core:ShareCapital2023-05-3104487125core:ShareCapital2022-05-3104487125core:RetainedEarningsAccumulatedLosses2023-05-3104487125core:RetainedEarningsAccumulatedLosses2022-05-3104487125core:ShareCapitalOrdinaryShares2023-05-3104487125core:ShareCapitalOrdinaryShares2022-05-3104487125core:Goodwill2022-06-012023-05-3104487125core:LeaseholdImprovementscore:LeasedAssetsHeldAsLessee2022-06-012023-05-3104487125core:FurnitureFittings2022-06-012023-05-3104487125core:ComputerEquipment2022-06-012023-05-3104487125core:MotorVehicles2022-06-012023-05-3104487125core:NetGoodwill2022-05-3104487125core:NetGoodwill2023-05-3104487125core:NetGoodwill2022-05-3104487125core:LeaseholdImprovements2022-05-3104487125core:FurnitureFittings2022-05-3104487125core:ComputerEquipment2022-05-3104487125core:MotorVehicles2022-05-31044871252022-05-3104487125core:LeaseholdImprovements2022-06-012023-05-3104487125bus:OrdinaryShareClass22022-06-012023-05-3104487125bus:OrdinaryShareClass32022-06-012023-05-3104487125bus:OrdinaryShareClass22023-05-3104487125bus:OrdinaryShareClass32023-05-3104487125bus:PrivateLimitedCompanyLtd2022-06-012023-05-3104487125bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3104487125bus:FRS1022022-06-012023-05-3104487125bus:AuditExemptWithAccountantsReport2022-06-012023-05-3104487125bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP