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REGISTERED NUMBER: 07841381 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

THOMPSON LIVESTOCK LIMITED

THOMPSON LIVESTOCK LIMITED (REGISTERED NUMBER: 07841381)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMPSON LIVESTOCK LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2023







DIRECTOR: Mr R J Thompson





SECRETARY: Mr R J Thompson





REGISTERED OFFICE: Anchor Farm
Scotland Road
Penrith
Cumbria
CA11 9HL





REGISTERED NUMBER: 07841381 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

THOMPSON LIVESTOCK LIMITED (REGISTERED NUMBER: 07841381)

BALANCE SHEET
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,690 177,798

CURRENT ASSETS
Stocks 5 13,125 88,000
Debtors 6 - 36,493
Cash at bank 19,323 33,335
32,448 157,828
CREDITORS
Amounts falling due within one year 7 97,009 151,321
NET CURRENT (LIABILITIES)/ASSETS (64,561 ) 6,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,129

184,305

CREDITORS
Amounts falling due after more than one
year

8

(23,564

)

(33,393

)

PROVISIONS FOR LIABILITIES 9 (6,272 ) (8,363 )
NET ASSETS 69,293 142,549

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 69,193 142,449
SHAREHOLDERS' FUNDS 69,293 142,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

THOMPSON LIVESTOCK LIMITED (REGISTERED NUMBER: 07841381)

BALANCE SHEET - continued
30th November 2023


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 3rd December 2024 and were signed by:





Mr R J Thompson - Director


THOMPSON LIVESTOCK LIMITED (REGISTERED NUMBER: 07841381)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

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

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 - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

THOMPSON LIVESTOCK LIMITED (REGISTERED NUMBER: 07841381)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st December 2022
and 30th November 2023 155,215 189,903 22,900 368,018
DEPRECIATION
At 1st December 2022 21,433 147,418 21,369 190,220
Charge for year 3,104 10,621 383 14,108
At 30th November 2023 24,537 158,039 21,752 204,328
NET BOOK VALUE
At 30th November 2023 130,678 31,864 1,148 163,690
At 30th November 2022 133,782 42,485 1,531 177,798

5. STOCKS
30.11.23 30.11.22
£    £   
Livestock 13,125 88,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Directors' current accounts - 36,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 22,303 -
Hire purchase contracts - 6,875
Trade creditors 3,792 8,835
Tax 16,856 68,448
VAT 47,686 60,487
Directors' current accounts 776 -
Accrued expenses 5,596 6,676
97,009 151,321

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yr by instal 23,564 33,393

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,564 33,393

THOMPSON LIVESTOCK LIMITED (REGISTERED NUMBER: 07841381)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 6,272 8,363

Deferred
tax
£   
Balance at 1st December 2022 8,363
Credit to Income Statement during year (2,091 )
Balance at 30th November 2023 6,272

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1st December 2022 142,449
Deficit for the year (33,256 )
Dividends (40,000 )
At 30th November 2023 69,193