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REGISTERED NUMBER: 09235849 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2023

for

Thompson & Slack Limited

Thompson & Slack Limited (Registered number: 09235849)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thompson & Slack Limited

Company Information
for the Year Ended 30th September 2023







DIRECTORS: L A Slack
J Thompson





REGISTERED OFFICE: Unit 31 Longwood Road
Corringham Road Industrial Estate
Gainsborough
Lincolnshire
DN21 1QB





REGISTERED NUMBER: 09235849 (England and Wales)





ACCOUNTANTS: Elite Pest Management Limited
Mercury House
Willoughton Drive
Foxby Lane
Gainsborough
Lincolnshire
DN21 1DY

Thompson & Slack Limited (Registered number: 09235849)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 22,490 24,073
24,490 28,073

CURRENT ASSETS
Stocks 95,422 76,918
Debtors 6 59,605 46,606
Cash at bank and in hand 62,067 44,144
217,094 167,668
CREDITORS
Amounts falling due within one year 7 139,900 136,423
NET CURRENT ASSETS 77,194 31,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,684

59,318

CREDITORS
Amounts falling due after more than one
year

8

5,783

23,981
NET ASSETS 95,901 35,337

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 95,701 35,137
SHAREHOLDERS' FUNDS 95,901 35,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 & Slack Limited (Registered number: 09235849)

Balance Sheet - continued
30th September 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 14th March 2024 and were signed on its behalf by:





L A Slack - Director


Thompson & Slack Limited (Registered number: 09235849)

Notes to the Financial Statements
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

Thompson & Slack 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.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the business has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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 2014, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.


Thompson & Slack Limited (Registered number: 09235849)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

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.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 20,000
AMORTISATION
At 1st October 2022 16,000
Amortisation for year 2,000
At 30th September 2023 18,000
NET BOOK VALUE
At 30th September 2023 2,000
At 30th September 2022 4,000

Thompson & Slack Limited (Registered number: 09235849)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2022 51,578 23,770 17,950 5,404 98,702
Additions - 4,246 - 2,213 6,459
At 30th September 2023 51,578 28,016 17,950 7,617 105,161
DEPRECIATION
At 1st October 2022 38,481 15,221 15,846 5,081 74,629
Charge for year 3,272 3,192 525 1,053 8,042
At 30th September 2023 41,753 18,413 16,371 6,134 82,671
NET BOOK VALUE
At 30th September 2023 9,825 9,603 1,579 1,483 22,490
At 30th September 2022 13,097 8,549 2,104 323 24,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,605 46,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,648 10,648
Trade creditors 27,202 24,470
Tax 16,377 3,920
Social security and other taxes 19,423 24,653
Directors' current accounts 65,470 71,952
Accrued expenses 780 780
139,900 136,423

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 5,783 23,981

Thompson & Slack Limited (Registered number: 09235849)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,783 21,297

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,684

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A 1.00 100 100
100 Ordinary B 1.00 100 100
200 200

11. RESERVES
Retained
earnings
£   

At 1st October 2022 35,137
Profit for the year 60,564
At 30th September 2023 95,701

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors and shareholders, Mr L A Slack and Mr J Thompson, a balance of £65,470 (2022 - £71,952). This balance has been shown within Creditors.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, Mr L A Slack and Mr J Thompson, who between them hold 100% of the issued share capital.