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REGISTERED NUMBER: 10558490 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

THOMAS FORD & PARTNERS LIMITED

THOMAS FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMAS FORD & PARTNERS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J E Bailey
J T M Weskin
K Y Butti
S J G Pendlebury





SECRETARY: J T M Weskin





REGISTERED OFFICE: 177 Kirkdale
London
SE26 4QH





REGISTERED NUMBER: 10558490 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

THOMAS FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 142,978 178,722
Tangible assets 5 316,862 320,012
459,840 498,734

CURRENT ASSETS
Stocks 14,455 39,222
Debtors 6 278,828 239,849
Cash at bank 59,884 110,712
353,167 389,783
CREDITORS
Amounts falling due within one year 7 125,356 92,476
NET CURRENT ASSETS 227,811 297,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,651

796,041

CREDITORS
Amounts falling due after more than one
year

8

(523,623

)

(592,608

)

PROVISIONS FOR LIABILITIES (2,447 ) (3,024 )
NET ASSETS 161,581 200,409

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,481 200,309
SHAREHOLDERS' FUNDS 161,581 200,409

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

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

THOMAS FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





J E Bailey - Director


THOMAS FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Thomas Ford & Partners 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 2019, 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 etc - 25% straight line basis

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 FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

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 22 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 357,444
AMORTISATION
At 1 April 2023 178,722
Charge for year 35,744
At 31 March 2024 214,466
NET BOOK VALUE
At 31 March 2024 142,978
At 31 March 2023 178,722

THOMAS FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 300,000 28,393 328,393
Additions - 4,432 4,432
At 31 March 2024 300,000 32,825 332,825
DEPRECIATION
At 1 April 2023 - 8,381 8,381
Charge for year - 7,582 7,582
At 31 March 2024 - 15,963 15,963
NET BOOK VALUE
At 31 March 2024 300,000 16,862 316,862
At 31 March 2023 300,000 20,012 320,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 256,993 212,906
Other debtors 21,835 26,943
278,828 239,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,715 3,783
Taxation and social security 89,664 57,501
Other creditors 25,977 31,192
125,356 92,476

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 523,623 592,608

Amounts falling due in more than five years:

Repayable by instalments
Other loans 105,878 125,345

THOMAS FORD & PARTNERS LIMITED (REGISTERED NUMBER: 10558490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. SECURED DEBTS

A fixed and floating charge over all of the property or undertaking of the company. This charge was dated 12th March 2018.

10. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market
conditions, including dividend payments to it's shareholders.