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REGISTERED NUMBER: 08838538 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S Thomas Limited

S Thomas Limited (Registered number: 08838538)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S Thomas Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S Thomas





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 08838538 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

S Thomas Limited (Registered number: 08838538)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,017 -
31,017 -

CURRENT ASSETS
Debtors 6 307,888 441,687
Cash at bank 40,142 26,430
348,030 468,117
CREDITORS
Amounts falling due within one year 7 161,009 184,299
NET CURRENT ASSETS 187,021 283,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,038

283,818

CREDITORS
Amounts falling due after more than one
year

8

63,840

27,034
NET ASSETS 154,198 256,784

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 154,098 256,684
SHAREHOLDERS' FUNDS 154,198 256,784

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

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

S Thomas Limited (Registered number: 08838538)

Balance Sheet - continued
31 March 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 9 October 2024 and were signed by:





Mr S Thomas - Director


S Thomas Limited (Registered number: 08838538)

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

1. STATUTORY INFORMATION

S Thomas 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.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - five years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Motor vehicles - 33% on cost

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.

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 1 (2023 - 1 ) .

S Thomas Limited (Registered number: 08838538)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 147,755
AMORTISATION
At 1 April 2023
and 31 March 2024 147,755
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Goodwill arose on the purchase of the company's share in a partnership.

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 46,525
At 31 March 2024 46,525
DEPRECIATION
Charge for year 15,508
At 31 March 2024 15,508
NET BOOK VALUE
At 31 March 2024 31,017

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 46,525
At 31 March 2024 46,525
DEPRECIATION
Charge for year 15,508
At 31 March 2024 15,508
NET BOOK VALUE
At 31 March 2024 31,017

S Thomas Limited (Registered number: 08838538)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership 170,772 291,194
Other debtors 547 -
Directors' current accounts 136,569 150,493
307,888 441,687

Other than as stated under directors' current accounts above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,407 6,914
Other loans 130,164 138,164
Hire purchase contracts 8,274 -
Tax 17,995 39,221
Social security and other taxes 7 -
Accruals and deferred income 162 -
161,009 184,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,842 6,920
Bank loans - 2-5 years 20,694 20,114
Hire purchase contracts 38,304 -
63,840 27,034

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

S Thomas Limited (Registered number: 08838538)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr S Thomas
Balance outstanding at start of year 150,493 133,091
Amounts advanced 149,482 150,802
Amounts repaid (163,406 ) (133,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 136,569 150,493

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2% per annum to 5th April 2023 and 2.25% thereafter.