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REGISTERED NUMBER: 07704908 (England and Wales)

























Financial Statements

for the Year Ended 31 December 2023

for

Cyril H. Thomas Limited

Cyril H. Thomas Limited (Registered number: 07704908)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cyril H. Thomas Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K M Thomas
S Drummond





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 07704908 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Cyril H. Thomas Limited (Registered number: 07704908)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,290 69,611
67,290 69,611

CURRENT ASSETS
Stocks 17,303 13,541
Debtors 6 23,809 34,581
Cash at bank and in hand 106,234 108,899
147,346 157,021
CREDITORS
Amounts falling due within one year 7 203,692 212,891
NET CURRENT LIABILITIES (56,346 ) (55,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,944

13,741

PROVISIONS FOR LIABILITIES 10,480 11,723
NET ASSETS 464 2,018

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 364 1,918
SHAREHOLDERS' FUNDS 464 2,018

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

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

Cyril H. Thomas Limited (Registered number: 07704908)

Balance Sheet - continued
31 December 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 12 April 2024 and were signed on its behalf by:




K M Thomas - Director



S Drummond - Director


Cyril H. Thomas Limited (Registered number: 07704908)

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

1. STATUTORY INFORMATION

Cyril H. Thomas 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences
The amount paid in connection with the acquisition of a franchise in 1999 is being written off evenly over its estimated remaining useful life of five years

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 reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

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.


Cyril H. Thomas Limited (Registered number: 07704908)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,583
AMORTISATION
At 1 January 2023
and 31 December 2023 1,583
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Cyril H. Thomas Limited (Registered number: 07704908)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 152,383
Additions 20,570
Disposals (11,850 )
At 31 December 2023 161,103
DEPRECIATION
At 1 January 2023 82,772
Charge for year 16,824
Eliminated on disposal (5,783 )
At 31 December 2023 93,813
NET BOOK VALUE
At 31 December 2023 67,290
At 31 December 2022 69,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 13,290 24,279
Other debtors 10,519 10,302
23,809 34,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 17,246 32,723
Other creditors 186,446 180,168
203,692 212,891

8. ULTIMATE CONTROLLING PARTY

The controlling party is Plume Motor Holdings Limited.

The ultimate controlling party is K M Thomas.

Plume Motor Holdings Limited registered office address is The Old Post Office, 41-43 Market Place, Chippenham, Wiltshire, SN15 3HR.