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REGISTERED NUMBER: 09311913















Unaudited Financial Statements for the Year Ended 30 April 2023

for

H.R. Thomas Limited

H.R. Thomas Limited (Registered number: 09311913)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.R. Thomas Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R P Calcaterra
J M Mordecai
W P Thomas
A R Thomas
G R Rees
M M Wright





REGISTERED OFFICE: 59 High Street
Cowbridge
Vale of Glamorgan
CF71 7YL





REGISTERED NUMBER: 09311913





ACCOUNTANTS: Norton Eddins Ltd
7 Ty Nant Court
Morganstown
Cardiff
CF15 8LW

H.R. Thomas Limited (Registered number: 09311913)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 450,000
Tangible assets 5 236,322 296,174
536,322 746,174

CURRENT ASSETS
Debtors 6 332,777 316,028
Cash at bank and in hand 308,689 584,040
641,466 900,068
CREDITORS
Amounts falling due within one year 7 293,306 330,114
NET CURRENT ASSETS 348,160 569,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,482

1,316,128

CREDITORS
Amounts falling due after more than one
year

8

471,019

787,627
NET ASSETS 413,463 528,501

CAPITAL AND RESERVES
Called up share capital 1,320 1,320
Retained earnings 412,143 527,181
SHAREHOLDERS' FUNDS 413,463 528,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

H.R. Thomas Limited (Registered number: 09311913)

Balance Sheet - continued
30 April 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 July 2023 and were signed on its behalf by:





A R Thomas - Director


H.R. Thomas Limited (Registered number: 09311913)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

H.R. Thomas Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
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.

H.R. Thomas Limited (Registered number: 09311913)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 1,500,000
AMORTISATION
At 1 May 2022 1,050,000
Charge for year 150,000
At 30 April 2023 1,200,000
NET BOOK VALUE
At 30 April 2023 300,000
At 30 April 2022 450,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 249,102 120,323 66,347 435,772
Additions - 3,452 4,741 8,193
Disposals (50,000 ) - - (50,000 )
At 30 April 2023 199,102 123,775 71,088 393,965
DEPRECIATION
At 1 May 2022 - 85,703 53,895 139,598
Charge for year - 9,519 8,526 18,045
At 30 April 2023 - 95,222 62,421 157,643
NET BOOK VALUE
At 30 April 2023 199,102 28,553 8,667 236,322
At 30 April 2022 249,102 34,620 12,452 296,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 314,211 291,972
Other debtors 18,566 24,056
332,777 316,028

H.R. Thomas Limited (Registered number: 09311913)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 77,951 51,821
Taxation and social security 194,501 258,810
Other creditors 10,854 9,483
293,306 330,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 20,833 30,833
Other creditors 450,186 756,794
471,019 787,627