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REGISTERED NUMBER: 05605853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THOMPSONS ACCOUNTANTS LIMITED

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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


THOMPSONS ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N P F Thompson
Mrs K Thompson





SECRETARY: Mrs K Thompson





REGISTERED OFFICE: Squires Lodge
17 Main Street
Nether Poppleton
North Yorkshire
YO26 6HS





REGISTERED NUMBER: 05605853 (England and Wales)





ACCOUNTANTS: Thompsons Accountants Limited
Squires Lodge
17 Main Street
Nether Poppleton
York
North Yorkshire
YO26 6HS

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 40,000
Tangible assets 5 51,395 21,564
Investments 6 100 100
Investment property 7 301,634 301,634
393,129 363,298

CURRENT ASSETS
Debtors 8 31,003 19,450
Cash at bank and in hand 43,297 54,583
74,300 74,033
CREDITORS
Amounts falling due within one year 9 123,486 155,479
NET CURRENT LIABILITIES (49,186 ) (81,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,943

281,852

CREDITORS
Amounts falling due after more than one year 10 (69,461 ) (32,670 )

PROVISIONS FOR LIABILITIES (8,726 ) (2,609 )
NET ASSETS 265,756 246,573

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 265,754 246,571
SHAREHOLDERS' FUNDS 265,756 246,573

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 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.

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





N P F Thompson - Director


THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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


1. STATUTORY INFORMATION

Thompsons Accountants 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 as modified by the revaluation of certain assets.

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

Goodwill
The goodwill was acquired in 2005 and is being amortised at a rate of NIL% per year.

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.
Fixtures and fittings - 20% on cost
Van - 25% on reducing balance
Office equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 40,000
At 31 March 2023 40,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings Van equipment Totals
£    £    £    £   
COST
At 1 April 2023 26,667 - 13,879 40,546
Additions 5,141 37,263 5,001 47,405
Disposals (3,889 ) - (1,324 ) (5,213 )
At 31 March 2024 27,919 37,263 17,556 82,738
DEPRECIATION
At 1 April 2023 11,488 - 7,494 18,982
Charge for year 5,255 7,454 4,284 16,993
Eliminated on disposal (3,662 ) - (970 ) (4,632 )
At 31 March 2024 13,081 7,454 10,808 31,343
NET BOOK VALUE
At 31 March 2024 14,838 29,809 6,748 51,395
At 31 March 2023 15,179 - 6,385 21,564

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Van
£   
COST
Additions 37,263
At 31 March 2024 37,263
DEPRECIATION
Charge for year 7,454
At 31 March 2024 7,454
NET BOOK VALUE
At 31 March 2024 29,809

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 301,634
NET BOOK VALUE
At 31 March 2024 301,634
At 31 March 2023 301,634

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 301,614
Valuation in 2023 20
301,634

Land and buildings include £301,634 which was revalued by the directors at the open market value as at 31st March 2024.

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,114 17,809
Other debtors 9,889 1,641
31,003 19,450

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 41,009 22,500
Hire purchase contracts 4,200 -
Taxation and social security 56,263 45,551
Other creditors 22,014 87,428
123,486 155,479

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 55,811 32,670
Hire purchase contracts 13,650 -
69,461 32,670

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 96,820 55,170
Hire purchase contracts 17,850 -
114,670 55,170

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
N P F Thompson and Mrs K Thompson
Balance outstanding at start of year (42,202 ) (40,520 )
Amounts advanced 123,367 78,318
Amounts repaid (75,000 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,165 (42,202 )

Dividends paid to director's in the period amounted to £75,000 (2023 £80,000).
Director's loan accounts are interest free.

THOMPSONS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05605853)

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


13. RELATED PARTY DISCLOSURES

Thompsons Accountants Limited owns 100% of Thompsons Lettings Limited.

At the end of the year the company owed £15,480 to Thompsons Lettings Limited.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr.N.Thompson ( director ).