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REGISTERED NUMBER: 08524288 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

THOMPSON RAIL LTD

THOMPSON RAIL LTD (REGISTERED NUMBER: 08524288)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMPSON RAIL LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D C Thompson
Mrs S A Thompson





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 08524288 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

THOMPSON RAIL LTD (REGISTERED NUMBER: 08524288)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,651 51,320

CURRENT ASSETS
Debtors 5 54,874 101,559
Cash at bank 211,460 187,712
266,334 289,271
CREDITORS
Amounts falling due within one year 6 82,513 138,276
NET CURRENT ASSETS 183,821 150,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,472

202,315

CREDITORS
Amounts falling due after more than one
year

7

-

(13,030

)

PROVISIONS FOR LIABILITIES (8,674 ) (12,830 )
NET ASSETS 220,798 176,455

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 220,678 176,335
SHAREHOLDERS' FUNDS 220,798 176,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

THOMPSON RAIL LTD (REGISTERED NUMBER: 08524288)

Balance Sheet - continued
31 May 2024


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 5 August 2024 and were signed on its behalf by:





D C Thompson - Director


THOMPSON RAIL LTD (REGISTERED NUMBER: 08524288)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Thompson Rail 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THOMPSON RAIL LTD (REGISTERED NUMBER: 08524288)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 28,715 1,358 75,356 2,261 107,690
Additions 7,048 - - - 7,048
At 31 May 2024 35,763 1,358 75,356 2,261 114,738
DEPRECIATION
At 1 June 2023 17,025 980 36,325 2,040 56,370
Charge for year 2,811 76 9,757 73 12,717
At 31 May 2024 19,836 1,056 46,082 2,113 69,087
NET BOOK VALUE
At 31 May 2024 15,927 302 29,274 148 45,651
At 31 May 2023 11,690 378 39,031 221 51,320

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 59,095
DEPRECIATION
At 1 June 2023 25,854
Charge for year 8,310
At 31 May 2024 34,164
NET BOOK VALUE
At 31 May 2024 24,931
At 31 May 2023 33,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 54,874 101,559

THOMPSON RAIL LTD (REGISTERED NUMBER: 08524288)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 13,030 12,396
Trade creditors 20,315 19,026
Corporation tax 29,855 42,638
Social security and other taxes 626 956
VAT 16,707 28,818
Other creditors 550 113
Directors' current accounts 30 32,329
Accrued expenses 1,400 2,000
82,513 138,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts - 13,030

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   

Bank borrowing is secured by a fixed and floating charge over all assets and undertaking of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
120 Ordinary £1 120 120