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REGISTERED NUMBER: 02784953 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

THOMPSON (WHOLESALE MEAT) LIMITED

THOMPSON (WHOLESALE MEAT) LIMITED (REGISTERED NUMBER: 02784953)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THOMPSON (WHOLESALE MEAT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr M Thompson
Mr J Thompson





SECRETARY: Mr J Thompson





REGISTERED OFFICE: Marshall Green Abattoir
Witton le Wear
Bishop Auckland
Co. Durham
DL14 0AQ





REGISTERED NUMBER: 02784953 (England and Wales)

THOMPSON (WHOLESALE MEAT) LIMITED (REGISTERED NUMBER: 02784953)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 832,891 953,543

CURRENT ASSETS
Stocks 322,821 275,146
Debtors 1,532,997 1,510,138
Cash at bank 271,099 260,589
2,126,917 2,045,873
CREDITORS
Amounts falling due within one year 642,134 687,482
NET CURRENT ASSETS 1,484,783 1,358,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,317,674

2,311,934

PROVISIONS FOR LIABILITIES 171,556 196,659
NET ASSETS 2,146,118 2,115,275

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,145,118 2,114,275
SHAREHOLDERS' FUNDS 2,146,118 2,115,275

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

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

THOMPSON (WHOLESALE MEAT) LIMITED (REGISTERED NUMBER: 02784953)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 December 2024 and were signed on its behalf by:




Mr J Thompson - Director



Mr M Thompson - Director


THOMPSON (WHOLESALE MEAT) LIMITED (REGISTERED NUMBER: 02784953)

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


1. STATUTORY INFORMATION

Thompson (Wholesale Meat) 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 invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 4% on cost
Plant and machinery - 15% on reducing balance
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.

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.

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.

THOMPSON (WHOLESALE MEAT) LIMITED (REGISTERED NUMBER: 02784953)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2023 2,527,456
Additions 58,939
Disposals (95,918 )
At 31 July 2024 2,490,477
DEPRECIATION
At 1 August 2023 1,573,913
Charge for year 174,110
Eliminated on disposal (90,437 )
At 31 July 2024 1,657,586
NET BOOK VALUE
At 31 July 2024 832,891
At 31 July 2023 953,543

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
Mr M Thompson
Balance outstanding at start of year 157,907 49,222
Amounts advanced 58,225 488,575
Amounts repaid (121,640 ) (379,890 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,492 157,907

Mr J Thompson
Balance outstanding at start of year 18,032 17,963
Amounts advanced 25,594 18,482
Amounts repaid (18,388 ) (18,413 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,238 18,032

The directors' current accounts are interest-free with no fixed repayment terms.

THOMPSON (WHOLESALE MEAT) LIMITED (REGISTERED NUMBER: 02784953)

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


6. RELATED PARTY DISCLOSURES

The company has provided an interest-free loan to County Durham Homes Limited, a company of which Mark Thompson is also a director. The balance at 31 July 2024 was £330,000 (2023: £330,000).