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REGISTERED NUMBER: 07365131 (England and Wales)















V J THOMAS AND SON LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






V J THOMAS AND SON LTD (REGISTERED NUMBER: 07365131)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V J THOMAS AND SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A G Thomas
J E Thomas
E G Thomas
C M L Thomas
G R Thomas





SECRETARY: E G Thomas





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 07365131 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

V J THOMAS AND SON LTD (REGISTERED NUMBER: 07365131)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,647,701 3,347,200

CURRENT ASSETS
Stocks 3,268,800 3,113,550
Debtors 5 795,958 932,990
Cash at bank 241 367,626
4,064,999 4,414,166
CREDITORS
Amounts falling due within one year 6 1,949,000 2,287,850
NET CURRENT ASSETS 2,115,999 2,126,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,763,700

5,473,516

CREDITORS
Amounts falling due after more than one
year

7

3,498,756

3,640,608
NET ASSETS 2,264,944 1,832,908

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,264,844 1,832,808
SHAREHOLDERS' FUNDS 2,264,944 1,832,908

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

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

V J THOMAS AND SON LTD (REGISTERED NUMBER: 07365131)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd August 2024 and were signed on its behalf by:




A G Thomas - Director



E G Thomas - Director


V J THOMAS AND SON LTD (REGISTERED NUMBER: 07365131)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

V J Thomas and Son 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.

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.
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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 32 (2023 - 33 ) .

V J THOMAS AND SON LTD (REGISTERED NUMBER: 07365131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1st April 2023 703,030 4,408,717 5,111,747
Additions 11,268 833,899 845,167
At 31st March 2024 714,298 5,242,616 5,956,914
DEPRECIATION
At 1st April 2023 94,971 1,669,576 1,764,547
Charge for year 8,722 535,944 544,666
At 31st March 2024 103,693 2,205,520 2,309,213
NET BOOK VALUE
At 31st March 2024 610,605 3,037,096 3,647,701
At 31st March 2023 608,059 2,739,141 3,347,200

Included in the fixed assets are items with a book value of £1,839,902 (2023 - £1,845,250) which are held under hire purchase agreements. These items incurred depreciation of £324,685
(2023 - £350,556) during the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 717,610 817,728
VAT 78,348 113,365
Prepayments - 1,897
795,958 932,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 138,036 85,285
Hire purchase contracts 501,427 497,848
Trade creditors 554,092 702,429
Loan from E G, C M L and
G R Thomas 734,759 970,464
Accrued expenses 20,686 31,824
1,949,000 2,287,850

V J THOMAS AND SON LTD (REGISTERED NUMBER: 07365131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - more than 1 year 2,552,864 2,528,128
Hire purchase contracts 945,892 1,112,480
3,498,756 3,640,608

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company owes £734,759 to V J Thomas and Son a partnership in which all the directors are partners (2023 - £970,464) .

The company is controlled by A G Thomas who with his close family own 100% of the shares.