IRIS Accounts Production v23.4.0.336 SC197920 Board of Directors Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1979202022-07-31SC1979202023-07-31SC1979202022-08-012023-07-31SC1979202021-07-31SC1979202021-08-012022-07-31SC1979202022-07-31SC197920ns15:Scotland2022-08-012023-07-31SC197920ns14:PoundSterling2022-08-012023-07-31SC197920ns10:Director12022-08-012023-07-31SC197920ns10:Director22022-08-012023-07-31SC197920ns10:Director32022-08-012023-07-31SC197920ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC197920ns10:SmallEntities2022-08-012023-07-31SC197920ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC197920ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC197920ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC197920ns10:FullAccounts2022-08-012023-07-31SC19792012022-08-012023-07-31SC197920ns10:CompanySecretary12022-08-012023-07-31SC197920ns10:RegisteredOffice2022-08-012023-07-31SC197920ns5:CurrentFinancialInstruments2023-07-31SC197920ns5:CurrentFinancialInstruments2022-07-31SC197920ns5:Non-currentFinancialInstruments2023-07-31SC197920ns5:Non-currentFinancialInstruments2022-07-31SC197920ns5:ShareCapital2023-07-31SC197920ns5:ShareCapital2022-07-31SC197920ns5:RetainedEarningsAccumulatedLosses2023-07-31SC197920ns5:RetainedEarningsAccumulatedLosses2022-07-31SC197920ns5:NetGoodwill2022-08-012023-07-31SC197920ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-31SC197920ns5:PatentsTrademarksLicencesConcessionsSimilar2022-08-012023-07-31SC197920ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-31SC197920ns5:LeaseholdImprovements2022-08-012023-07-31SC197920ns5:PlantMachinery2022-08-012023-07-31SC197920ns5:MotorVehicles2022-08-012023-07-31SC197920ns5:ComputerEquipment2022-08-012023-07-31SC197920ns5:NetGoodwill2022-07-31SC197920ns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-31SC197920ns5:NetGoodwill2023-07-31SC197920ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-31SC197920ns5:NetGoodwill2022-07-31SC197920ns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-31SC197920ns5:LandBuildings2022-07-31SC197920ns5:LeaseholdImprovements2022-07-31SC197920ns5:PlantMachinery2022-07-31SC197920ns5:LandBuildings2022-08-012023-07-31SC197920ns5:LandBuildings2023-07-31SC197920ns5:LeaseholdImprovements2023-07-31SC197920ns5:PlantMachinery2023-07-31SC197920ns5:LandBuildings2022-07-31SC197920ns5:LeaseholdImprovements2022-07-31SC197920ns5:PlantMachinery2022-07-31SC197920ns5:MotorVehicles2022-07-31SC197920ns5:ComputerEquipment2022-07-31SC197920ns5:MotorVehicles2023-07-31SC197920ns5:ComputerEquipment2023-07-31SC197920ns5:MotorVehicles2022-07-31SC197920ns5:ComputerEquipment2022-07-31SC197920ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-31SC197920ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31SC197920ns5:LeasedAssetsHeldAsLessee2022-07-31SC197920ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-012023-07-31SC197920ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-31SC197920ns5:LeasedAssetsHeldAsLessee2022-08-012023-07-31SC197920ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-31SC197920ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-31SC197920ns5:LeasedAssetsHeldAsLessee2023-07-31SC197920ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-31SC197920ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31SC197920ns5:LeasedAssetsHeldAsLessee2022-07-31SC197920ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC197920ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: SC197920 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

C & A Thomason Ltd.

C & A Thomason Ltd. (Registered number: SC197920)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & A Thomason Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: C D Thomason
H A Thomason
R M Thomason





SECRETARY: C D Thomason





REGISTERED OFFICE: Cullivoe Harbour Industrial Site
Cullivoe
Yell
Shetland
ZE2 9DD





REGISTERED NUMBER: SC197920 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

C & A Thomason Ltd. (Registered number: SC197920)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,857 20,857
Tangible assets 5 435,519 432,221
456,376 453,078

CURRENT ASSETS
Stocks 97,220 57,183
Debtors 6 587,709 106,818
Cash at bank 137,115 203,599
822,044 367,600
CREDITORS
Amounts falling due within one year 7 441,945 177,478
NET CURRENT ASSETS 380,099 190,122
TOTAL ASSETS LESS CURRENT LIABILITIES 836,475 643,200

CREDITORS
Amounts falling due after more than one year 8 (402,944 ) (296,965 )

PROVISIONS FOR LIABILITIES (66,558 ) (52,927 )
NET ASSETS 366,973 293,308

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 366,967 293,302
SHAREHOLDERS' FUNDS 366,973 293,308

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

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

C & A Thomason Ltd. (Registered number: SC197920)

Balance Sheet - continued
31 July 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 15 March 2024 and were signed on its behalf by:




H A Thomason - Director C D Thomason - Director




R M Thomason - Director


C & A Thomason Ltd. (Registered number: SC197920)

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

1. STATUTORY INFORMATION

C & A Thomason Ltd. is a private company, limited by shares , registered in Scotland. 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 2011, 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.

Licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on cost
Boats - 5% on cost
Plant and machinery - 15% on cost, 10% on cost and 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


C & A Thomason Ltd. (Registered number: SC197920)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Licences Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 85,000 20,857 105,857
AMORTISATION
At 1 August 2022
and 31 July 2023 85,000 - 85,000
NET BOOK VALUE
At 31 July 2023 - 20,857 20,857
At 31 July 2022 - 20,857 20,857

C & A Thomason Ltd. (Registered number: SC197920)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property Boats machinery
£    £    £   
COST
At 1 August 2022 203,312 - 1,028,291
Additions 26,777 - -
Disposals - - -
Reclassification/transfer - 601,489 (601,489 )
At 31 July 2023 230,089 601,489 426,802
DEPRECIATION
At 1 August 2022 163,856 - 640,245
Charge for year - 25,153 16,128
Eliminated on disposal - - -
Reclassification/transfer - 299,654 (299,654 )
At 31 July 2023 163,856 324,807 356,719
NET BOOK VALUE
At 31 July 2023 66,233 276,682 70,083
At 31 July 2022 39,456 - 388,046

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 12,400 813 1,244,816
Additions 23,500 - 50,277
Disposals (12,400 ) - (12,400 )
Reclassification/transfer - - -
At 31 July 2023 23,500 813 1,282,693
DEPRECIATION
At 1 August 2022 7,823 671 812,595
Charge for year 1,932 142 43,355
Eliminated on disposal (8,776 ) - (8,776 )
Reclassification/transfer - - -
At 31 July 2023 979 813 847,174
NET BOOK VALUE
At 31 July 2023 22,521 - 435,519
At 31 July 2022 4,577 142 432,221

C & A Thomason Ltd. (Registered number: SC197920)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 18,250 12,400 30,650
Disposals - (12,400 ) (12,400 )
At 31 July 2023 18,250 - 18,250
DEPRECIATION
At 1 August 2022 1,597 7,823 9,420
Charge for year 2,737 953 3,690
Eliminated on disposal - (8,776 ) (8,776 )
At 31 July 2023 4,334 - 4,334
NET BOOK VALUE
At 31 July 2023 13,916 - 13,916
At 31 July 2022 16,653 4,577 21,230

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 48,367 79,626
Other debtors 539,342 27,192
587,709 106,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,285 4,525
Trade creditors 40,328 36,261
Taxation and social security 28,384 29,652
Other creditors 359,948 97,040
441,945 177,478

C & A Thomason Ltd. (Registered number: SC197920)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 21,549 32,684
Hire purchase contracts 8,213 11,498
Other creditors 373,182 252,783
402,944 296,965