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REGISTERED NUMBER: 01051028 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

E.E. THOMPSON & SON LIMITED

E.E. THOMPSON & SON LIMITED (REGISTERED NUMBER: 01051028)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E.E. THOMPSON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A J Smith
S A Thompson
Mrs A H Thompson
C Astil
M Smith





SECRETARY: S A Thompson





REGISTERED OFFICE: 404 Blackpool Road
Ashton-on-Ribble
Preston
Lancashire
PR2 2DX





REGISTERED NUMBER: 01051028 (England and Wales)





AUDITORS: Wallwork Nelson & Johnson
Chartered Accountants & Statutory Auditors
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

E.E. THOMPSON & SON LIMITED (REGISTERED NUMBER: 01051028)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203,782 131,394

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 1,892,222 1,957,125
Cash at bank and in hand 296,929 215,573
2,192,151 2,175,698
CREDITORS
Amounts falling due within one year 6 1,138,339 1,120,667
NET CURRENT ASSETS 1,053,812 1,055,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,594

1,186,425

CREDITORS
Amounts falling due after more than one
year

7

(58,273

)

(13,620

)

PROVISIONS FOR LIABILITIES (35,606 ) (21,882 )
NET ASSETS 1,163,715 1,150,923

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,163,615 1,150,823
SHAREHOLDERS' FUNDS 1,163,715 1,150,923

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 29 January 2025 and were signed on its behalf by:





S A Thompson - Director


E.E. THOMPSON & SON LIMITED (REGISTERED NUMBER: 01051028)

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

1. STATUTORY INFORMATION

E.E. Thompson & Son 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings- at variable rates on reducing balance
Motor vehicles- 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

E.E. THOMPSON & SON LIMITED (REGISTERED NUMBER: 01051028)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Long term contracts
Profit on long term contracts is taken as the work is carried out, if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out by the year end by recording turnover and related costs as contract activity progresses. Turnover represents the value of work done for customers based on amounts certified during the year. Revenue derived from variations on contracts are only recognised when they have been accepted by the customers. Full provision is made for losses on all contracts in the year in which they are first foreseen.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 187,163 207,818 394,981
Additions - 90,162 90,162
Disposals - (14,798 ) (14,798 )
At 30 April 2024 187,163 283,182 470,345
DEPRECIATION
At 1 May 2023 148,808 114,779 263,587
Charge for year 10,293 4,116 14,409
Eliminated on disposal - (11,433 ) (11,433 )
At 30 April 2024 159,101 107,462 266,563
NET BOOK VALUE
At 30 April 2024 28,062 175,720 203,782
At 30 April 2023 38,355 93,039 131,394

E.E. THOMPSON & SON LIMITED (REGISTERED NUMBER: 01051028)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 23,935 101,819 125,754
Additions - 90,162 90,162
Transfer to ownership - (72,821 ) (72,821 )
At 30 April 2024 23,935 119,160 143,095
DEPRECIATION
At 1 May 2023 4,831 37,619 42,450
Charge for year 6,304 1,115 7,419
Transfer to ownership - (30,911 ) (30,911 )
At 30 April 2024 11,135 7,823 18,958
NET BOOK VALUE
At 30 April 2024 12,800 111,337 124,137
At 30 April 2023 19,104 64,200 83,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 1,058,127 1,128,552
Amounts owed by group undertakings 611,186 641,200
Amounts recoverable on contract 141,978 146,961
Other debtors 51,474 13,018
Prepayments and accrued income 29,457 27,394
1,892,222 1,957,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 232,079 120,100
Hire purchase contracts (see note 8) 51,633 26,768
Trade creditors 439,403 620,041
Tax 27,391 8,598
Social security and other taxes 101,740 29,502
Directors' current accounts 5,626 14,525
Accrued expenses 280,467 301,133
1,138,339 1,120,667

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts (see note 8) 58,273 13,620

E.E. THOMPSON & SON LIMITED (REGISTERED NUMBER: 01051028)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30/4/24 30/4/23
£    £   
Net obligations repayable:
Within one year 51,633 26,768
Between one and five years 58,273 13,620
109,906 40,388

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I M Johnson (Senior Statutory Auditor)
for and on behalf of Wallwork Nelson & Johnson

10. RELATED PARTY DISCLOSURES

Stuart Alan Thompson, a director of the company, is also a director of E.E. Thompson (Properties) Limited, a company registered in England and Wales. At 30 April 2024, included within debtors, was a balance due to the company from E.E. Thompson (Properties) Limited of £260,068 (2023: £299,543). No interest was charged on this loan.

During the period ended 30 April 2024 the company paid rent to E.E. Thompson (Properties) Limited totalling £50,000 (2023: £50,000).

At 30 April 2024, included within debtors, was a balance due to the company from E.E. Thompson (Holdings) Limited of £351,118 (2023: £341,657). No interest was charged on this loan.