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REGISTERED NUMBER: 08007737 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Thompson Convenience Stores (Walbottle)
Ltd

Thompson Convenience Stores (Walbottle)
Ltd (Registered number: 08007737)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Thompson Convenience Stores (Walbottle)
Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Michael John Thompson
Mrs Angela Margot Thompson





REGISTERED OFFICE: Unit 7
Bankside
The Watermark
Gateshead
Tyne and Wear
NE11 9SY





REGISTERED NUMBER: 08007737 (England and Wales)





ACCOUNTANTS: Flannagans - Gateshead
7 Bankside
The Watermark
Gateshead
NE11 9SY

Thompson Convenience Stores (Walbottle)
Ltd (Registered number: 08007737)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,401 2,240
1,401 2,240

CURRENT ASSETS
Stocks 40,599 36,355
Debtors 39,597 35,334
Cash at bank and in hand 274,506 207,845
354,702 279,534
CREDITORS
Amounts falling due within one year 148,796 32,970
NET CURRENT ASSETS 205,906 246,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,307

248,804

CREDITORS
Amounts falling due after more than one year - 88,000
NET ASSETS 207,307 160,804

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 207,305 160,802
SHAREHOLDERS' FUNDS 207,307 160,804

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.

Thompson Convenience Stores (Walbottle)
Ltd (Registered number: 08007737)

Abridged Balance Sheet - continued
31 March 2023


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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 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 and authorised for issue on 5 October 2023 and were signed on its behalf by:




Mr Michael John Thompson - Director



Mrs Angela Margot Thompson - Director


Thompson Convenience Stores (Walbottle)
Ltd (Registered number: 08007737)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Thompson Convenience Stores (Walbottle) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% 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.

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 7 (2022 - 5 ) .

Thompson Convenience Stores (Walbottle)
Ltd (Registered number: 08007737)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 106,000
AMORTISATION
At 1 April 2022
and 31 March 2023 106,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 18,935
DEPRECIATION
At 1 April 2022 16,695
Charge for year 839
At 31 March 2023 17,534
NET BOOK VALUE
At 31 March 2023 1,401
At 31 March 2022 2,240

6. HEAD OFFICE

Amount due from Thompson Convenience Stores (Holdings) Ltd £39,193.57

7. DIRECTOR'S LOAN ACCOUNT

Amount due from Thompson Convenience Stores (Walbottle) Ltd £88,237 is an interest free loan to the company which is repayable on demand.