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REGISTERED NUMBER: 08763289 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Thomas & Co. Development Ltd

Thomas & Co. Development Ltd (Registered number: 08763289)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Thomas & Co. Development Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Thomas





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 08763289 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Thomas & Co. Development Ltd (Registered number: 08763289)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,232 27,491

CURRENT ASSETS
Stocks 7,950 13,000
Debtors 83,814 67,444
Cash at bank 103,778 13,171
195,542 93,615
CREDITORS
Amounts falling due within one year 133,992 50,553
NET CURRENT ASSETS 61,550 43,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,782

70,553

CREDITORS
Amounts falling due after more than one
year

(38,013

)

(51,529

)

PROVISIONS FOR LIABILITIES 5 (5,934 ) -
NET ASSETS 48,835 19,024

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 48,735 18,924
SHAREHOLDERS' FUNDS 48,835 19,024

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 director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Thomas & Co. Development Ltd (Registered number: 08763289)

Abridged Balance Sheet - continued
30 November 2023



The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





J Thomas - Director


Thomas & Co. Development Ltd (Registered number: 08763289)

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

1. STATUTORY INFORMATION

Thomas & Co. Development 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 - 25% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

Thomas & Co. Development Ltd (Registered number: 08763289)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 45,705
Additions 14,145
At 30 November 2023 59,850
DEPRECIATION
At 1 December 2022 18,214
Charge for year 10,404
At 30 November 2023 28,618
NET BOOK VALUE
At 30 November 2023 31,232
At 30 November 2022 27,491

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 December 2022
and 30 November 2023 35,160
DEPRECIATION
At 1 December 2022 8,790
Charge for year 6,592
At 30 November 2023 15,382
NET BOOK VALUE
At 30 November 2023 19,778
At 30 November 2022 26,370

Thomas & Co. Development Ltd (Registered number: 08763289)

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

5. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 5,934 -

Deferred
tax
£   
Provided during year 5,934
Balance at 30 November 2023 5,934

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100