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REGISTERED NUMBER: 10482240 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Thomas&Friends Ltd

Thomas&Friends Ltd (Registered number: 10482240)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Thomas&Friends Ltd (Registered number: 10482240)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 849 1,133

Current assets
Debtors 5 431 272
Cash at bank 17,548 42,510
17,979 42,782
Creditors
Amounts falling due within one year 6 5,544 16,957
Net current assets 12,435 25,825
Total assets less current liabilities 13,284 26,958

Capital and reserves
Called up share capital 1 1
Retained earnings 13,283 26,957
Shareholders' funds 13,284 26,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Thomas&Friends Ltd (Registered number: 10482240)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





J Thomas - Director


Thomas&Friends Ltd (Registered number: 10482240)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Thomas&Friends Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10482240

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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
Computer equipment - 25% on reducing balance

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.


Thomas&Friends Ltd (Registered number: 10482240)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 426 2,600 3,026
Depreciation
At 1 April 2023 291 1,602 1,893
Charge for year 34 250 284
At 31 March 2024 325 1,852 2,177
Net book value
At 31 March 2024 101 748 849
At 31 March 2023 135 998 1,133

5. Debtors: amounts falling due within one year
2024 2023
£    £   
VAT 431 272

Thomas&Friends Ltd (Registered number: 10482240)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation tax 2,560 4,839
Social security and other taxes 830 605
Other creditors 1,424 1,425
Directors' current accounts 730 10,088
5,544 16,957

7. Ultimate controlling party

The ultimate controlling party is J Thomas.