IRIS Accounts Production v24.2.0.383 02149520 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021495202023-04-30021495202024-04-30021495202023-05-012024-04-30021495202022-04-30021495202022-05-012023-04-30021495202023-04-3002149520ns15:EnglandWales2023-05-012024-04-3002149520ns14:PoundSterling2023-05-012024-04-3002149520ns10:Director12023-05-012024-04-3002149520ns10:Director22023-05-012024-04-3002149520ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002149520ns10:SmallEntities2023-05-012024-04-3002149520ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3002149520ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002149520ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002149520ns10:FullAccounts2023-05-012024-04-3002149520ns10:OrdinaryShareClass12023-05-012024-04-3002149520ns10:RegisteredOffice2023-05-012024-04-3002149520ns5:CurrentFinancialInstruments2024-04-3002149520ns5:CurrentFinancialInstruments2023-04-3002149520ns5:Non-currentFinancialInstruments2024-04-3002149520ns5:Non-currentFinancialInstruments2023-04-3002149520ns5:ShareCapital2024-04-3002149520ns5:ShareCapital2023-04-3002149520ns5:RetainedEarningsAccumulatedLosses2024-04-3002149520ns5:RetainedEarningsAccumulatedLosses2023-04-3002149520ns5:LandBuildings2023-04-3002149520ns5:PlantMachinery2023-04-3002149520ns5:MotorVehicles2023-04-3002149520ns5:ComputerEquipment2023-04-3002149520ns5:LandBuildings2023-05-012024-04-3002149520ns5:PlantMachinery2023-05-012024-04-3002149520ns5:MotorVehicles2023-05-012024-04-3002149520ns5:ComputerEquipment2023-05-012024-04-3002149520ns5:LandBuildings2024-04-3002149520ns5:PlantMachinery2024-04-3002149520ns5:MotorVehicles2024-04-3002149520ns5:ComputerEquipment2024-04-3002149520ns5:LandBuildings2023-04-3002149520ns5:PlantMachinery2023-04-3002149520ns5:MotorVehicles2023-04-3002149520ns5:ComputerEquipment2023-04-3002149520ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3002149520ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3002149520ns5:WithinOneYear2024-04-3002149520ns5:WithinOneYear2023-04-3002149520ns5:BetweenOneFiveYears2024-04-3002149520ns5:BetweenOneFiveYears2023-04-3002149520ns5:AllPeriods2024-04-3002149520ns5:AllPeriods2023-04-3002149520ns5:Secured2024-04-3002149520ns5:Secured2023-04-3002149520ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 02149520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

THAME ENGINEERING CO LIMITED
TRADING AS
THAME WORKHOLDING

THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


THAME ENGINEERING CO LIMITED
TRADING AS THAME WORKHOLDING

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







Directors: M A Randall
M A Thomas





Registered office: Field End
Thame Road
Long Crendon
Aylesbury
Buckinghamshire
HP18 9EJ





Registered number: 02149520 (England and Wales)





Accountants: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THAME ENGINEERING CO LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thame Engineering Co Limited for the year ended 30th April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thame Engineering Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thame Engineering Co Limited and state those matters that we have agreed to state to the Board of Directors of Thame Engineering Co Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thame Engineering Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thame Engineering Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thame Engineering Co Limited. You consider that Thame Engineering Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thame Engineering Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


27th August 2024

THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 230,303 288,040

Current assets
Stocks 740,806 640,193
Debtors 5 2,229,504 2,165,033
Cash at bank and in hand 476,304 705,364
3,446,614 3,510,590
Creditors
Amounts falling due within one year 6 (1,105,468 ) (1,374,317 )
Net current assets 2,341,146 2,136,273
Total assets less current liabilities 2,571,449 2,424,313

Creditors
Amounts falling due after more than one
year

7

(99,524

)

(141,284

)

Provisions for liabilities (50,439 ) (48,241 )
Net assets 2,421,486 2,234,788

Capital and reserves
Called up share capital 10 600 600
Retained earnings 2,420,886 2,234,188
Shareholders' funds 2,421,486 2,234,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

BALANCE SHEET - continued
30TH APRIL 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 27th August 2024 and were signed on its behalf by:




M A Randall - Director



M A Thomas - Director


THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Thame Engineering Co 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related partytransactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in thenormal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volumes rebates.

Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probably that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacementcost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairment losses are also 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.


THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be
demonstrated.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expenses, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements.

The interest is charged to the profit and loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Judgements and key source of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of the assets and liabilities that are not readily apparent from other sources.The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st May 2023 41,827 2,110,619 31,156 70,683 2,254,285
Additions - - - 3,211 3,211
At 30th April 2024 41,827 2,110,619 31,156 73,894 2,257,496
Depreciation
At 1st May 2023 41,827 1,826,273 27,462 70,683 1,966,245
Charge for year - 58,419 923 1,606 60,948
At 30th April 2024 41,827 1,884,692 28,385 72,289 2,027,193
Net book value
At 30th April 2024 - 225,927 2,771 1,605 230,303
At 30th April 2023 - 284,346 3,694 - 288,040

THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 426,490 351,950
Other debtors 3,014 13,083
429,504 365,033

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,800,000 1,800,000

Aggregate amounts 2,229,504 2,165,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,759 39,333
Trade creditors 201,828 346,735
Amounts owed to group undertakings 37,137 83,097
Taxation and social security 151,159 115,505
Other creditors 673,585 789,647
1,105,468 1,374,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 99,524 141,284

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 112,488 112,488
Between one and five years 337,464 449,952
449,952 562,440

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 141,283 180,617

THAME ENGINEERING CO LIMITED (REGISTERED NUMBER: 02149520)
TRADING AS THAME WORKHOLDING

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary 1 600 600