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REGISTERED NUMBER: 02032221 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: D Hilder
C S Smith





REGISTERED OFFICE: Unit 15 Barnwell Business Park
Barnwell Drive
Cambridge
Cambridgeshire
CB5 8UZ





REGISTERED NUMBER: 02032221 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 14,446 17,433

CURRENT ASSETS
Stocks 18,751 40,466
Debtors 6 50,439 44,293
Cash at bank 201,989 108,939
271,179 193,698
CREDITORS
Amounts falling due within one year 7 (147,803 ) (138,580 )
NET CURRENT ASSETS 123,376 55,118
TOTAL ASSETS LESS CURRENT LIABILITIES 137,822 72,551

CREDITORS
Amounts falling due after more than one
year

8

(5,700

)

(9,300

)

PROVISIONS FOR LIABILITIES 11 (3,438 ) (3,312 )
NET ASSETS 128,684 59,939

CAPITAL AND RESERVES
Called up share capital 12 102 102
Retained earnings 128,582 59,837
SHAREHOLDERS' FUNDS 128,684 59,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)

BALANCE SHEET - continued
31 JANUARY 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 account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





D Hilder - Director


THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Thompson Electrical (Cambridge) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
Useful economic lives of tangible fixed assets:
Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed and amended when necessary to reflect the current estimates based on economic utilisation and physical condition of the assets.

Doubtful debts:
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors , management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

Turnover
Turnover represents the net invoiced provision of labour and represents electrical installation and repair services provided to trade and domestic customers net of value added tax.

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% on reducing balance and 15%, 25% on reducing balance

Stocks
Stocks represents raw materials and are valued at the lower of cost and net realisable value, after making due allowance for slowing and obsolete items.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first forseen.

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 101,300
Additions 727
At 31 January 2024 102,027
DEPRECIATION
At 1 February 2023 83,867
Charge for year 3,714
At 31 January 2024 87,581
NET BOOK VALUE
At 31 January 2024 14,446
At 31 January 2023 17,433

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,436 44,293
Other debtors 3 -
50,439 44,293

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 3,600 3,600
Trade creditors 23,799 19,376
Taxation and social security 63,982 60,115
Other creditors 56,422 55,489
147,803 138,580

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 5,700 9,300

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,600 3,600

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,700 7,200

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,100

Amounts included in loans and overdrafts represents amounts repayable in respect of a Bounce Back Loan.

10. SECURED DEBTS

Liabilities held under hire agreements are secured against the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,438 3,312

Deferred
tax
£   
Balance at 1 February 2023 3,312
Provided during year (711 )
Rate movement 837
Balance at 31 January 2024 3,438

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 02032221)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred tax has been recognised in respect of the excess of capital allowances over depreciation.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
102 Ordinary £1 102 102

13. OTHER FINANCIAL COMMITMENTS

The company has an annual commitment of £8,292 in relation to the rental of commercial property.

14. RELATED PARTY DISCLOSURES

Included within other creditors is a loan due a director amounting to £39,481 (2023: £43,284) Interest at 4% amounting to £1,518 (2023:£1,685) has been charged to the financial statements. This loan is unsecured and repayable on demand.