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REGISTERED NUMBER: 04054805 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THOMSONS (PEMBROKESHIRE) LIMITED

THOMSONS (PEMBROKESHIRE) LIMITED (REGISTERED NUMBER: 04054805)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THOMSONS (PEMBROKESHIRE) LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Mr A J Hansen
Mr M D Hansen
Mr A Hansen





SECRETARY: Mr M D Hansen





REGISTERED OFFICE: 140 Haven Road
Haverfordwest
Pembrokeshire
SA61 1DP





REGISTERED NUMBER: 04054805 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

THOMSONS (PEMBROKESHIRE) LIMITED (REGISTERED NUMBER: 04054805)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 435,868 251,597

CURRENT ASSETS
Inventories 152,830 107,572
Debtors 5 289,223 201,124
Cash at bank and in hand 209,920 54,144
651,973 362,840
CREDITORS
Amounts falling due within one year 6 (352,259 ) (145,204 )
NET CURRENT ASSETS 299,714 217,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,582

469,233

CREDITORS
Amounts falling due after more than one
year

7

(110,466

)

(24,383

)

PROVISIONS FOR LIABILITIES (44,723 ) (32,655 )
NET ASSETS 580,393 412,195

CAPITAL AND RESERVES
Called up share capital 30 30
Share premium 29,970 29,970
Retained earnings 550,393 382,195
SHAREHOLDERS' FUNDS 580,393 412,195

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.

THOMSONS (PEMBROKESHIRE) LIMITED (REGISTERED NUMBER: 04054805)

STATEMENT OF FINANCIAL POSITION - 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 15 August 2024 and were signed on its behalf by:




Mr M D Hansen - Director Mr A J Hansen - Director




Mr Andrew Hansen - Director


THOMSONS (PEMBROKESHIRE) LIMITED (REGISTERED NUMBER: 04054805)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Thomsons (Pembrokeshire) 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.

The directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 12.5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Inventories
Inventories 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

THOMSONS (PEMBROKESHIRE) LIMITED (REGISTERED NUMBER: 04054805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Capital-based government grants are accounted for using the accrual model and are recognised in the Income Statement on a systematic basis over the useful economic life of the asset.

Income recognition
The company's turnover represents the amount derived from laundry services.
The company recognises income when the service has been completed and the sales invoice has been issued to the customer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 93,233 329,875 28,995 7,457 459,560
Additions 73,249 141,402 36,197 341 251,189
Disposals - - (16,375 ) - (16,375 )
At 31 January 2024 166,482 471,277 48,817 7,798 694,374
DEPRECIATION
At 1 February 2023 19,847 164,270 18,490 5,356 207,963
Charge for year 2,367 48,089 10,381 900 61,737
Eliminated on disposal - - (11,194 ) - (11,194 )
At 31 January 2024 22,214 212,359 17,677 6,256 258,506
NET BOOK VALUE
At 31 January 2024 144,268 258,918 31,140 1,542 435,868
At 31 January 2023 73,386 165,605 10,505 2,101 251,597

Included in cost of land and buildings is freehold land of £ 48,125 (2023 - £ 48,125 ) which is not depreciated.

The company has not adopted a policy of revaluation.
However, land and buildings included in these accounts at a total cost of £93,233 were valued on an open market basis at £200,000 by RK Lucas & Son, Chartered Surveyors, Haverfordwest in August 2016.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 221,509 184,708
Other debtors 67,714 16,416
289,223 201,124

THOMSONS (PEMBROKESHIRE) LIMITED (REGISTERED NUMBER: 04054805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,420 -
Hire purchase contracts 25,813 9,665
Trade creditors 193,195 47,249
Taxation and social security 86,865 68,295
Other creditors 20,966 19,995
352,259 145,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,333 -
Hire purchase contracts 71,523 17,196
Other creditors 5,610 7,187
110,466 24,383

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr M D Hansen
Balance outstanding at start of year (11,205 ) (9,680 )
Amounts repaid (1,260 ) (1,525 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,465 ) (11,205 )

Mr A Hansen
Balance outstanding at start of year 11,922 (9,668 )
Amounts advanced 67,750 23,115
Amounts repaid (16,260 ) (1,525 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,412 11,922