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REGISTERED NUMBER: 07695349 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 July 2023

for

Thomson Screening Solutions Ltd

Thomson Screening Solutions Ltd (Registered number: 07695349)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thomson Screening Solutions Ltd

Company Information
For The Year Ended 31 July 2023







DIRECTORS: Dr T M Cooke
Ms M A Kalas
M J I Ter-Berg
Prof W D Thomson
A O Ogunjimi





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 07695349 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Thomson Screening Solutions Ltd (Registered number: 07695349)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,326 3,656

CURRENT ASSETS
Stocks 8,722 -
Debtors 5 859,185 308,971
Cash at bank 122,537 150,003
990,444 458,974
CREDITORS
Amounts falling due within one year 6 1,187,874 719,763
NET CURRENT LIABILITIES (197,430 ) (260,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(193,104

)

(257,133

)

CREDITORS
Amounts falling due after more than one
year

7

109,212

140,698
NET LIABILITIES (302,316 ) (397,831 )

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings (302,329 ) (397,844 )
(302,316 ) (397,831 )

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.

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 11 April 2024 and were signed on its behalf by:





M J I Ter-Berg - Director


Thomson Screening Solutions Ltd (Registered number: 07695349)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

Thomson Screening Solutions 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.

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 - 20% 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.

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.

Going concern
The company meets its day to day working capital requirements through its bank facilities. Its forecasts and projections show that the company is able to operate within the level of its current facilities. The directors are confident that the company has adequate resources and will continue to support the company. The business has grown despite tough times and the company is positive about the future in both existing and new markets in the UK and internationally.

The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

Thomson Screening Solutions Ltd (Registered number: 07695349)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 7,442
Additions 1,910
At 31 July 2023 9,352
DEPRECIATION
At 1 August 2022 3,786
Charge for year 1,240
At 31 July 2023 5,026
NET BOOK VALUE
At 31 July 2023 4,326
At 31 July 2022 3,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 745,387 200,780
Other debtors 113,798 108,191
859,185 308,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,950 5,860
Trade creditors 13,920 8,286
Taxation and social security 121,949 43,302
Other creditors 1,046,055 662,315
1,187,874 719,763

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 34,755 40,802
Other creditors 74,457 99,896
109,212 140,698