2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06718151 2022-11-01 2023-10-31 06718151 2023-10-31 06718151 2022-10-31 06718151 2021-11-01 2022-10-31 06718151 2022-10-31 06718151 2021-10-31 06718151 core:FurnitureFittings 2022-11-01 2023-10-31 06718151 bus:Director1 2022-11-01 2023-10-31 06718151 core:FurnitureFittings 2022-10-31 06718151 core:FurnitureFittings 2023-10-31 06718151 core:WithinOneYear 2023-10-31 06718151 core:WithinOneYear 2022-10-31 06718151 core:AfterOneYear 2023-10-31 06718151 core:AfterOneYear 2022-10-31 06718151 core:ShareCapital 2023-10-31 06718151 core:ShareCapital 2022-10-31 06718151 core:RetainedEarningsAccumulatedLosses 2023-10-31 06718151 core:RetainedEarningsAccumulatedLosses 2022-10-31 06718151 core:FurnitureFittings 2022-10-31 06718151 bus:SmallEntities 2022-11-01 2023-10-31 06718151 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06718151 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06718151 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06718151 bus:FullAccounts 2022-11-01 2023-10-31 06718151 core:ComputerEquipment 2022-11-01 2023-10-31 06718151 core:ComputerEquipment 2023-10-31 06718151 core:ComputerEquipment 2022-10-31
COMPANY REGISTRATION NUMBER: 06718151
THOMPSON & HALL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
THOMPSON & HALL LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,027
1,909
CURRENT ASSETS
Stocks
200
300
Debtors
6
2,129
Cash at bank and in hand
26,600
21,937
--------
--------
26,800
24,366
CREDITORS: amounts falling due within one year
7
33,564
27,660
--------
--------
NET CURRENT LIABILITIES
6,764
3,294
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 5,737)
( 1,385)
CREDITORS: amounts falling due after more than one year
8
2,968
4,741
-------
-------
NET LIABILITIES
( 8,705)
( 6,126)
-------
-------
CAPITAL AND RESERVES
Called up share capital fully paid
10
10
Profit and loss account
( 8,715)
( 6,136)
-------
-------
SHAREHOLDERS DEFICIT
( 8,705)
( 6,126)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
THOMPSON & HALL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 25 July 2024 , and are signed on behalf of the board by:
Mr D E Hall
Director
Company registration number: 06718151
THOMPSON & HALL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Television House, 46 Nelson Street, Kettering, Northamptonshire, NN16 8QN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.
Income tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 November 2022 and 31 October 2023
1,209
6,704
7,913
-------
-------
-------
Depreciation
At 1 November 2022
768
5,236
6,004
Charge for the year
46
836
882
-------
-------
-------
At 31 October 2023
814
6,072
6,886
-------
-------
-------
Carrying amount
At 31 October 2023
395
632
1,027
-------
-------
-------
At 31 October 2022
441
1,468
1,909
-------
-------
-------
6. DEBTORS
2023
2022
£
£
Trade debtors
2,129
----
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,773
1,777
Trade creditors
590
Corporation tax
78
1,766
Social security and other taxes
988
1,984
Other creditors
30,725
21,543
--------
--------
33,564
27,660
--------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,968
4,741
-------
-------
9. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The directors have advanced monies to the company. At 31 October 2023 the amount due from the company was £29,425 (2022 - £20,643).
10. GOING CONCERN
The directors have considered the period to July 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.