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REGISTERED NUMBER: 14600079 (England and Wales)






















Thompson Refinishers Limited

Financial Statements for the Period 18th January 2023 to 31st December 2023






Thompson Refinishers Limited (Registered number: 14600079)






Contents of the Financial Statements
for the period 18th January 2023 to 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thompson Refinishers Limited

Company Information
for the period 18th January 2023 to 31st December 2023







DIRECTORS: J J Swaby
R E Thorpe
R D Robson
D L Robson





REGISTERED OFFICE: Newbegin House
Geneva Way
Leads Road
Hull
East Yorkshire
HU7 0DG





REGISTERED NUMBER: 14600079 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Thompson Refinishers Limited (Registered number: 14600079)

Balance Sheet
31st December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,340

CURRENT ASSETS
Stocks 1,430
Debtors 5 117,035
Cash at bank 7,881
126,346
CREDITORS
Amounts falling due within one year 6 125,011
NET CURRENT ASSETS 1,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,675

PROVISIONS FOR LIABILITIES 553
NET ASSETS 3,122

CAPITAL AND RESERVES
Called up share capital 7 1,000
Retained earnings 2,122
SHAREHOLDERS' FUNDS 3,122

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 2nd September 2024 and were signed on its behalf by:





R E Thorpe - Director


Thompson Refinishers Limited (Registered number: 14600079)

Notes to the Financial Statements
for the period 18th January 2023 to 31st December 2023

1. STATUTORY INFORMATION

Thompson Refinishers 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.

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.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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-33% on cost, 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Thompson Refinishers Limited (Registered number: 14600079)

Notes to the Financial Statements - continued
for the period 18th January 2023 to 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,882
At 31st December 2023 2,882
DEPRECIATION
Charge for period 542
At 31st December 2023 542
NET BOOK VALUE
At 31st December 2023 2,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 48,959
Amounts owed by group undertakings 67,976
Other debtors 100
117,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 11,618
Amounts owed to group undertakings 99,533
Taxation and social security 11,587
Other creditors 2,273
125,011

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
900 A Ordinary £1 900
100 B Ordinary £1 100
1,000

The following shares were allotted and fully paid for cash at par during the period:

900 A Ordinary shares of £1 each
100 B Ordinary shares of £1 each

Thompson Refinishers Limited (Registered number: 14600079)

Notes to the Financial Statements - continued
for the period 18th January 2023 to 31st December 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stocks ACA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. OTHER FINANCIAL COMMITMENTS

At 31st December 2023 the total amounts due under non-cancellable operating leases are £106,690.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company is not controlled by any one party.