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REGISTERED NUMBER: 09951553 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Thomas Brothers Group Limited

Thomas Brothers Group Limited (Registered number: 09951553)






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


Thomas Brothers Group Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P K Thomas
P Thomas





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 09951553 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Thomas Brothers Group Limited (Registered number: 09951553)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,652,567 1,480,289

CURRENT ASSETS
Stocks 6 368,965 88,680
Debtors 7 358,444 270,232
Cash at bank and in hand 18,037 45,198
745,446 404,110
CREDITORS
Amounts falling due within one year 8 809,061 561,898
NET CURRENT LIABILITIES (63,615 ) (157,788 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,588,952

1,322,501

CREDITORS
Amounts falling due after more than one
year

9

(542,082

)

(483,077

)

PROVISIONS FOR LIABILITIES (190,877 ) (155,512 )
NET ASSETS 855,993 683,912

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 855,893 683,812
SHAREHOLDERS' FUNDS 855,993 683,912

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.

Thomas Brothers Group Limited (Registered number: 09951553)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




P K Thomas - Director



P Thomas - Director


Thomas Brothers Group Limited (Registered number: 09951553)

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

1. STATUTORY INFORMATION

Thomas Brothers Group 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.

The financial statements have been prepared on the going concern basis as the directors believe that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


Thomas Brothers Group Limited (Registered number: 09951553)

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

3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

Thomas Brothers Group Limited (Registered number: 09951553)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,899,871
Additions 510,010
Disposals (189,687 )
At 31 January 2024 2,220,194
DEPRECIATION
At 1 February 2023 419,582
Charge for year 221,926
Eliminated on disposal (73,881 )
At 31 January 2024 567,627
NET BOOK VALUE
At 31 January 2024 1,652,567
At 31 January 2023 1,480,289

Thomas Brothers Group Limited (Registered number: 09951553)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 1,531,068
Additions 469,875
Disposals (160,096 )
Transfer to ownership (98,500 )
At 31 January 2024 1,742,347
DEPRECIATION
At 1 February 2023 265,956
Charge for year 187,715
Eliminated on disposal (69,325 )
Transfer to ownership (49,250 )
At 31 January 2024 335,096
NET BOOK VALUE
At 31 January 2024 1,407,251
At 31 January 2023 1,265,112

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 124,665 10,950
Work-in-progress 244,300 77,730
368,965 88,680

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 294,511 251,518
Other debtors 63,933 18,714
358,444 270,232

Thomas Brothers Group Limited (Registered number: 09951553)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts and finance leases 342,124 292,434
Trade creditors 233,618 144,818
Taxation and social security 37,841 28,029
Other creditors 195,478 96,617
809,061 561,898

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts and finance leases 507,778 483,077
Other creditors 34,304 -
542,082 483,077

10. LEASES

Finance Leases

The net carrying amount of the Company's commitments under finance leases was £1,730 at 31 January 2024 (2023 - £38,459).
The total of future minimum lease payments due under these contracts as at 31 January 2024 was:

Due within 1 year £1,730


Operating Leases

The total of future minimum lease payments due under operating leases as at 31 January 2024 was £41,931:

Due within 1 year £18,019
Due after 1 and not later than 5 years £23,912

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100