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REGISTERED NUMBER: 09376488 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

J&J THOMSON LIMITED

J&J THOMSON LIMITED (REGISTERED NUMBER: 09376488)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&J THOMSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: J Alomenu





REGISTERED OFFICE: 17 Broad Acres
Hatfield
Hertfordshire
AL10 9LE





REGISTERED NUMBER: 09376488 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

J&J THOMSON LIMITED (REGISTERED NUMBER: 09376488)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,895 7,958

CURRENT ASSETS
Debtors 5 17,885 24,558
Cash at bank 6,414 4,643
24,299 29,201
CREDITORS
Amounts falling due within one year 6 19,710 17,490
NET CURRENT ASSETS 4,589 11,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,484

19,669

CREDITORS
Amounts falling due after more than one
year

7

13,969

16,626
NET (LIABILITIES)/ASSETS (2,485 ) 3,043

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (2,587 ) 2,941
SHAREHOLDERS' FUNDS (2,485 ) 3,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

J&J THOMSON LIMITED (REGISTERED NUMBER: 09376488)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th October 2024 and were signed by:





J Alomenu - Director


J&J THOMSON LIMITED (REGISTERED NUMBER: 09376488)

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

1. STATUTORY INFORMATION

J&J Thomson 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.

The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date and therefore the financial statements for the year ended 31st January 2024 have been prepared using the going concern basis of accounting.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

J&J THOMSON LIMITED (REGISTERED NUMBER: 09376488)

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

2. ACCOUNTING POLICIES - continued

Hire purchase/leases
Where assets are financed by leasing agreements that give rights approximately to ownership ("finance leases") the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation of leased assets is charged to the profit and loss account over the short of the lease terms and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as "operating leases" and the relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023
and 31st January 2024 9,722 1,850 15,795 550 27,917
DEPRECIATION
At 1st February 2023 1,944 1,850 15,795 370 19,959
Charge for year 973 - - 90 1,063
At 31st January 2024 2,917 1,850 15,795 460 21,022
NET BOOK VALUE
At 31st January 2024 6,805 - - 90 6,895
At 31st January 2023 7,778 - - 180 7,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,785 24,458
Other debtors 100 100
17,885 24,558

J&J THOMSON LIMITED (REGISTERED NUMBER: 09376488)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,710 2,644
Trade creditors 9,769 4,386
Tax 1,789 2,726
Social security and other taxes 632 (340 )
VAT 2,782 6,059
Directors' current accounts 28 15
Accrued expenses 2,000 2,000
19,710 17,490

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,192 2,711
Bank loans - 2-5 years 7,777 8,552
Bank loans more 5 yr by instal - 5,363
13,969 16,626

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,363

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
J Alomenu
Balance outstanding at start of year - 501
Amounts repaid - (501 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -