Company Registration No. 6132383 (England and Wales)
G & L Tompkins Ltd
Unaudited accounts
for the year ended 31 March 2024
G & L Tompkins Ltd
Unaudited accounts
Contents
G & L Tompkins Ltd
Company Information
for the year ended 31 March 2024
Secretary
Mrs L F Tompkins
Company Number
6132383 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
G & L Tompkins Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
19,250
23,249
Cash at bank and in hand
27,946
23,658
Creditors: amounts falling due within one year
(58,918)
(56,191)
Net current liabilities
(29,617)
(28,173)
Net liabilities
(10,367)
(4,924)
Called up share capital
1
1
Profit and loss account
(10,368)
(4,925)
Shareholders' funds
(10,367)
(4,924)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2024 and were signed on its behalf by
G W Tompkins
Director
Company Registration No. 6132383
G & L Tompkins Ltd
Notes to the Accounts
for the year ended 31 March 2024
G & L Tompkins Ltd is a private company, limited by shares, registered in England and Wales, registration number 6132383. The registered office is Moreton House, 31 High Street, Buckingham, Bucks, MK18 1NU .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
G & L Tompkins Ltd
Notes to the Accounts
for the year ended 31 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
1,500
35,392
22,000
2,817
61,709
Disposals
-
(4,044)
-
(375)
(4,419)
At 31 March 2024
1,500
31,348
22,000
2,442
57,290
At 1 April 2023
-
15,777
20,349
2,334
38,460
Charge for the year
-
2,855
412
108
3,375
On disposals
-
(3,470)
-
(325)
(3,795)
At 31 March 2024
-
15,162
20,761
2,117
38,040
At 31 March 2024
1,500
16,186
1,239
325
19,250
At 31 March 2023
1,500
19,615
1,651
483
23,249
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,037
2,712
Taxes and social security
-
141
Loans from directors
57,777
53,338
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).