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REGISTERED NUMBER: 05605853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THOMPSONS ACCOUNTANTS LIMITED

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMPSONS ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N P F Thompson
Mrs K Thompson





SECRETARY: Mrs K Thompson





REGISTERED OFFICE: Squires Lodge
17 Main Street
Nether Poppleton
North Yorkshire
YO26 6HS





REGISTERED NUMBER: 05605853 (England and Wales)





ACCOUNTANTS: Thompsons Accountants Limited
Squires Lodge
17 Main Street
Nether Poppleton
York
North Yorkshire
YO26 6HS

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 40,000
Tangible assets 5 21,564 9,341
Investments 6 100 100
Investment property 7 301,634 301,614
363,298 351,055

CURRENT ASSETS
Debtors 8 19,450 22,170
Cash at bank 54,583 57,305
74,033 79,475
CREDITORS
Amounts falling due within one year 9 155,479 154,937
NET CURRENT LIABILITIES (81,446 ) (75,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,852

275,593

CREDITORS
Amounts falling due after more than one year 10 (32,670 ) (56,069 )

PROVISIONS FOR LIABILITIES (2,609 ) (1,777 )
NET ASSETS 246,573 217,747

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 246,571 217,745
SHAREHOLDERS' FUNDS 246,573 217,747

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.

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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.

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 26 December 2023 and were signed on its behalf by:





N P F Thompson - Director


THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Thompsons Accountants 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 as modified by the revaluation of certain assets.

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
The goodwill was acquired in 2005 and is being amortised at a rate of NIL% per year.

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.
Fixtures and fittings - 20% on cost
Office equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 40,000
NET BOOK VALUE
At 31 March 2023 40,000
At 31 March 2022 40,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 11,134 11,945 23,079
Additions 15,743 3,974 19,717
Disposals (210 ) (2,040 ) (2,250 )
At 31 March 2023 26,667 13,879 40,546
DEPRECIATION
At 1 April 2022 7,303 6,435 13,738
Charge for year 4,311 3,033 7,344
Eliminated on disposal (126 ) (1,974 ) (2,100 )
At 31 March 2023 11,488 7,494 18,982
NET BOOK VALUE
At 31 March 2023 15,179 6,385 21,564
At 31 March 2022 3,831 5,510 9,341

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 301,614
Additions 20
At 31 March 2023 301,634
NET BOOK VALUE
At 31 March 2023 301,634
At 31 March 2022 301,614

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 301,614
Valuation in 2023 20
301,634

Land and buildings include £301,634 which was revalued by the directors at the open market value as at 31st March 2023.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 17,809 19,801
Other debtors 1,641 2,369
19,450 22,170

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 22,500 20,573
Trade creditors - 1
Taxation and social security 45,551 43,227
Other creditors 87,428 91,136
155,479 154,937

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 32,670 56,069

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 55,170 76,642

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
N P F Thompson and Mrs K Thompson
Balance outstanding at start of year (40,520 ) (7,338 )
Amounts advanced 78,318 36,818
Amounts repaid (80,000 ) (70,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (42,202 ) (40,520 )

Dividends paid to director's in the period amounted to £80,000 (2022 £70,000).
Director's loan accounts are interest free.

13. RELATED PARTY DISCLOSURES

Thompsons Accountants Limited owns 100% of Thompsons Lettings Limited.

At the end of the year the company owed £40,165 to Thompsons Lettings Limited.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr.N.Thompson ( director ).