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REGISTERED NUMBER: 06214017
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

THOMPSONS OF PENRITH LIMITED

THOMPSONS OF PENRITH LIMITED (REGISTERED NUMBER: 06214017)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMPSONS OF PENRITH LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTORS: Mr J M Thompson
Mrs K A Thompson





REGISTERED OFFICE: The Garage
Mardale Road
Penrith
Cumbria
CA11 9EH





REGISTERED NUMBER: 06214017





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

THOMPSONS OF PENRITH LIMITED (REGISTERED NUMBER: 06214017)

BALANCE SHEET
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,949 23,238

CURRENT ASSETS
Stocks 5 30,500 33,470
Debtors 6 81,864 86,034
Cash at bank 96,669 101,985
209,033 221,489
CREDITORS
Amounts falling due within one year 7 110,004 110,146
NET CURRENT ASSETS 99,029 111,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,978

134,581

CREDITORS
Amounts falling due after more than one
year

8

(1,576

)

(4,557

)

PROVISIONS FOR LIABILITIES 9 (6,833 ) (5,068 )
NET ASSETS 127,569 124,956

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 10 127,369 124,756
127,569 124,956

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.

THOMPSONS OF PENRITH LIMITED (REGISTERED NUMBER: 06214017)

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 21st January 2025 and were signed on its behalf by:





Mr J M Thompson - Director


THOMPSONS OF PENRITH LIMITED (REGISTERED NUMBER: 06214017)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Thompsons Of Penrith Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

THOMPSONS OF PENRITH LIMITED (REGISTERED NUMBER: 06214017)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2023 129,508 30,921 15,000 175,429
Additions 20,828 - 5,200 26,028
At 30th April 2024 150,336 30,921 20,200 201,457
DEPRECIATION
At 1st May 2023 108,925 29,401 13,865 152,191
Charge for year 10,353 380 1,584 12,317
At 30th April 2024 119,278 29,781 15,449 164,508
NET BOOK VALUE
At 30th April 2024 31,058 1,140 4,751 36,949
At 30th April 2023 20,583 1,520 1,135 23,238

5. STOCKS
30.4.24 30.4.23
£    £   
Closing stock 30,500 33,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 81,864 86,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 81,142 73,338
Tax 6,674 20,920
Social security and other taxes 2,867 3,743
VAT 12,107 6,089
Pensions payable 194 2,676
Accrued expenses 7,020 3,380
110,004 110,146

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Director's loan accounts 1,576 4,557

THOMPSONS OF PENRITH LIMITED (REGISTERED NUMBER: 06214017)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 6,833 5,068

Deferred
tax
£   
Balance at 1st May 2023 5,068
Charge to Income Statement during year 1,765
Balance at 30th April 2024 6,833

10. RESERVES
Retained
earnings
£   

At 1st May 2023 124,756
Profit for the year 40,613
Dividends (38,000 )
At 30th April 2024 127,369