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REGISTERED NUMBER: 06741163 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THOMAS TOOLING LIMITED

THOMAS TOOLING LIMITED (REGISTERED NUMBER: 06741163)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMAS TOOLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P Thomas
Mrs S K Thomas



REGISTERED OFFICE: 35 Penmaen Bod Eilias
Old Colwyn
Colwyn
Wales
LL29 8BL



REGISTERED NUMBER: 06741163 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: Lloyds TSB
Gosford Green
87 Far Gosford Green
Coventry
West Midlands
CV1

THOMAS TOOLING LIMITED (REGISTERED NUMBER: 06741163)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,738 29,805
27,738 29,805

CURRENT ASSETS
Stocks 600 600
Debtors 6 19,699 36,508
Cash at bank 71,494 70,012
91,793 107,120
CREDITORS
Amounts falling due within one year 7 53,275 49,683
NET CURRENT ASSETS 38,518 57,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,256

87,242

PROVISIONS FOR LIABILITIES 5,018 5,387
NET ASSETS 61,238 81,855

CAPITAL AND RESERVES
Called up share capital 700 600
Retained earnings 60,538 81,255
SHAREHOLDERS' FUNDS 61,238 81,855

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

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

THOMAS TOOLING LIMITED (REGISTERED NUMBER: 06741163)

BALANCE SHEET - continued
30 NOVEMBER 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 4 January 2024 and were signed on its behalf by:





P Thomas - Director


THOMAS TOOLING LIMITED (REGISTERED NUMBER: 06741163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Thomas Tooling 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2008, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


THOMAS TOOLING LIMITED (REGISTERED NUMBER: 06741163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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
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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 25,000
AMORTISATION
At 1 December 2022
and 30 November 2023 25,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

THOMAS TOOLING LIMITED (REGISTERED NUMBER: 06741163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 58,546 4,246 31,038 10,272 104,102
Additions 5,833 465 - 2,734 9,032
At 30 November 2023 64,379 4,711 31,038 13,006 113,134
DEPRECIATION
At 1 December 2022 50,915 2,015 13,579 7,788 74,297
Charge for year 3,366 674 4,365 2,694 11,099
At 30 November 2023 54,281 2,689 17,944 10,482 85,396
NET BOOK VALUE
At 30 November 2023 10,098 2,022 13,094 2,524 27,738
At 30 November 2022 7,631 2,231 17,459 2,484 29,805

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,470 36,038
Prepayments 229 470
19,699 36,508

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,376 5,052
Corporation tax 33,234 29,117
Social security and other taxes 655 -
Pensions 179 -
VAT 8,851 7,337
Directors' current accounts 6,423 5,877
Accrued expenses 2,557 2,300
53,275 49,683

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have signified that their director current accounts have always been kept in credit and they will not charge any interest on the monies held in their director current accounts.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr P Thomas and Mrs S K Thomas by virtue of their shareholdings