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REGISTERED NUMBER: SC382004 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Thomson McCallum Limited

Thomson McCallum Limited (Registered number: SC382004)






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


Thomson McCallum Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S McCallum
Mrs G McCallum





REGISTERED OFFICE: Lower Ground Floor
1 Woodside Place
Glasgow
Lanarkshire
G3 7QF





REGISTERED NUMBER: SC382004 (Scotland)





ACCOUNTANTS: Key Professional Partnership Limited
Unit 3
37 Rosyth Road
Morris Park
Glasgow
G5 0YD

Thomson McCallum Limited (Registered number: SC382004)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,281 1,981
Investments 5 175,500 200,000
177,781 201,981

CURRENT ASSETS
Debtors 6 - 25,000
Cash at bank 339,058 232,824
339,058 257,824
CREDITORS
Amounts falling due within one year 7 61,612 57,402
NET CURRENT ASSETS 277,446 200,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,227

402,403

PROVISIONS FOR LIABILITIES 433 -
NET ASSETS 454,794 402,403

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 454,694 402,303
SHAREHOLDERS' FUNDS 454,794 402,403

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.

Thomson McCallum Limited (Registered number: SC382004)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





S McCallum - Director


Thomson McCallum Limited (Registered number: SC382004)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Thomson McCallum Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
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.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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

Current 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.

Thomson McCallum Limited (Registered number: SC382004)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 8,426
Additions 1,061
At 31 January 2024 9,487
DEPRECIATION
At 1 February 2023 6,445
Charge for year 761
At 31 January 2024 7,206
NET BOOK VALUE
At 31 January 2024 2,281
At 31 January 2023 1,981

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 200,000
Disposals (24,500 )
At 31 January 2024 175,500
NET BOOK VALUE
At 31 January 2024 175,500
At 31 January 2023 200,000

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   

Thomson McCallum Limited (Registered number: SC382004)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
Other debtors - 25,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 20,225
Taxation and social security 60,814 30,893
Other creditors 798 6,284
61,612 57,402