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REGISTERED NUMBER: 00274960 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THOMSON BROS (NEWCASTLE) LIMITED

THOMSON BROS (NEWCASTLE) LIMITED (REGISTERED NUMBER: 00274960)






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


THOMSON BROS (NEWCASTLE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr D S Neill



SECRETARY: Dr K J Neill



REGISTERED OFFICE: Mylord Crescent
Camperdown Industrial Estate
Newcastle upon Tyne
NE12 5UJ



REGISTERED NUMBER: 00274960 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: Lloyds Bank plc
69 Bedford Street
North Shields
NE29 0AU

THOMSON BROS (NEWCASTLE) LIMITED (REGISTERED NUMBER: 00274960)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,422 183,793

CURRENT ASSETS
Stocks 346,823 445,732
Debtors 5 293,962 239,537
Cash at bank and in hand 368,997 295,191
1,009,782 980,460
CREDITORS
Amounts falling due within one year 6 219,043 191,964
NET CURRENT ASSETS 790,739 788,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,161

972,289

PROVISIONS FOR LIABILITIES - 1,233
NET ASSETS 988,161 971,056

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 987,161 970,056
SHAREHOLDERS' FUNDS 988,161 971,056

THOMSON BROS (NEWCASTLE) LIMITED (REGISTERED NUMBER: 00274960)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 director and authorised for issue on 4 November 2024 and were signed by:





Mr D S Neill - Director


THOMSON BROS (NEWCASTLE) LIMITED (REGISTERED NUMBER: 00274960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Thomson Bros (Newcastle) 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Income is recognised when the goods are supplied to the customers.

Tangible fixed assets
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 - 33% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Debtors
Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid) net of any trade discounts.

Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors
Trade and other creditors (including accruals) are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount net of any trade discounts.

Financial instruments
All financial assets and financial liabilities qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.


THOMSON BROS (NEWCASTLE) LIMITED (REGISTERED NUMBER: 00274960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

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.

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 6 (2023 - 6 ) .

THOMSON BROS (NEWCASTLE) LIMITED (REGISTERED NUMBER: 00274960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 308,696 138,034 446,730
Additions - 34,965 34,965
Disposals - (16,185 ) (16,185 )
At 31 March 2024 308,696 156,814 465,510
DEPRECIATION
At 1 April 2023 146,701 116,236 262,937
Charge for year 6,174 13,541 19,715
Eliminated on disposal - (14,564 ) (14,564 )
At 31 March 2024 152,875 115,213 268,088
NET BOOK VALUE
At 31 March 2024 155,821 41,601 197,422
At 31 March 2023 161,995 21,798 183,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 277,725 221,460
Other debtors 16,237 18,077
293,962 239,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,651 74,963
Taxation and social security 67,771 41,522
Other creditors 93,621 75,479
219,043 191,964

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 4,351