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Registration number: 14911686

J.M.P. Thomas 1909 Limited

Annual Report and Unaudited Financial Statements

for the Period from 2 June 2023 to 30 June 2024

 

J.M.P. Thomas 1909 Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

J.M.P. Thomas 1909 Limited

Company Information

Directors

Mrs Pauline Julia Thomas

Mr Matthew Thomas

Mrs Elisha Jennifer Thomas

Mr James Harry Thomas

Registered office

Green Farm
Longnor
Shrewsbury
Herefordshire
SY5 7PP

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

J.M.P. Thomas 1909 Limited

Directors' Report for the Period from 2 June 2023 to 30 June 2024

The directors present their report and the financial statements for the period from 2 June 2023 to 30 June 2024.

Incorporation

The company was incorporated and commenced trading on 2 June 2023.

Directors of the company

The directors who held office during the period were as follows:

Mrs Pauline Julia Thomas (appointed 2 June 2023)

Mr Matthew Thomas (appointed 2 June 2023)

Mrs Elisha Jennifer Thomas (appointed 2 June 2023)

Mr James Harry Thomas (appointed 2 June 2023)

Principal activity

The principal activity of the company is Raising of dairy cattle

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mrs Pauline Julia Thomas
Director

.........................................
Mr Matthew Thomas
Director

.........................................
Mrs Elisha Jennifer Thomas
Director

.........................................
Mr James Harry Thomas
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J.M.P. Thomas 1909 Limited
for the Period Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J.M.P. Thomas 1909 Limited for the period ended 30 June 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

We have not been instructed to carry out an audit or a review of the accounts of J.M.P. Thomas 1909 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 accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

22 January 2025

 

J.M.P. Thomas 1909 Limited

(Registration number: 14911686)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

650,604

Current assets

 

Stocks

6

1,316,273

Debtors

7

328,434

Cash at bank and in hand

 

73,509

 

1,718,216

Creditors: Amounts falling due within one year

8

(2,197,572)

Net current liabilities

 

(479,356)

Total assets less current liabilities

 

171,248

Provisions for liabilities

(123,614)

Net assets

 

47,634

Capital and reserves

 

Called up share capital

9

1,000

Retained earnings

46,634

Shareholders' funds

 

47,634

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mrs Pauline Julia Thomas
Director

 

J.M.P. Thomas 1909 Limited

(Registration number: 14911686)
Balance Sheet as at 30 June 2024

.........................................
Mr Matthew Thomas
Director

.........................................
Mrs Elisha Jennifer Thomas
Director

.........................................
Mr James Harry Thomas
Director

 

J.M.P. Thomas 1909 Limited

Statement of Changes in Equity for the Period from 2 June 2023 to 30 June 2024

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

61,034

61,034

Dividends

-

(14,400)

(14,400)

New share capital subscribed

1,000

-

1,000

At 30 June 2024

1,000

46,634

47,634

 

J.M.P. Thomas 1909 Limited

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Green Farm
Longnor
Shrewsbury
Herefordshire
SY5 7PP
United Kingdom

These financial statements were authorised for issue by the Board on 22 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

J.M.P. Thomas 1909 Limited

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The director has chosen the fair model basis for the valuation and biological assets under FRS102.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 14.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

33,735

 

J.M.P. Thomas 1909 Limited

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024

5

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

Additions

40,224

656,114

696,338

Disposals

(750)

-

(750)

At 30 June 2024

39,474

656,114

695,588

Depreciation

Charge for the period

5,921

39,063

44,984

At 30 June 2024

5,921

39,063

44,984

Carrying amount

At 30 June 2024

33,553

617,051

650,604

Included within the net book value of land and buildings above is £Nil in respect of freehold land and buildings.
 

6

Stocks

2024
£

Raw materials and consumables

1,316,273

7

Debtors

Current

2024
£

Trade debtors

274,050

Other debtors

54,384

 

328,434

 

J.M.P. Thomas 1909 Limited

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

362,099

Taxation and social security

25,830

Other creditors

1,809,643

2,197,572

9

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary A of £1 each

250

250

Ordinary B of £1 each

250

250

Ordinary C of £1 each

400

400

Ordinary D of £1 each

100

100

 

1,000

1,000