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REGISTERED NUMBER: OC320479 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

E. THOMAS & SONS LLP

E. THOMAS & SONS LLP (REGISTERED NUMBER: OC320479)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E. THOMAS & SONS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: D Thomas
A J Thomas





REGISTERED OFFICE: Unit 10 Bridgend
Business Park Bennett Street
Bridgend Industrial Estate
Bridgend
Mid Glamorgan
CF31 3SH





REGISTERED NUMBER: OC320479 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

E. THOMAS & SONS LLP (REGISTERED NUMBER: OC320479)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,040 109,403

CURRENT ASSETS
Debtors 5 956 956
Cash at bank 19,639 18,297
20,595 19,253
CREDITORS
Amounts falling due within one year 6 68,546 60,648
NET CURRENT LIABILITIES (47,951 ) (41,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,089

68,008

CREDITORS
Amounts falling due after more than one year 7 11,894 27,196
NET ASSETS ATTRIBUTABLE TO
MEMBERS

23,195

40,812

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

23,195

40,812

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 23,195 40,812

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 May 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

E. THOMAS & SONS LLP (REGISTERED NUMBER: OC320479)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

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





D Thomas - Designated member

E. THOMAS & SONS LLP (REGISTERED NUMBER: OC320479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

E. Thomas & Sons LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the going concern basis which assumes the continuing support of the members and other creditors, particularly related concerns. The members believe this support will continue and are satisfied that the LLP is a going concern.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

3. EMPLOYEE INFORMATION

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

E. THOMAS & SONS LLP (REGISTERED NUMBER: OC320479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 5,281 74,177 4,574 156,267 240,299
DEPRECIATION
At 1 June 2023 1,828 72,337 4,456 52,275 130,896
Charge for year 69 279 17 25,998 26,363
At 31 May 2024 1,897 72,616 4,473 78,273 157,259
NET BOOK VALUE
At 31 May 2024 3,384 1,561 101 77,994 83,040
At 31 May 2023 3,453 1,840 118 103,992 109,403

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 156,267
Transfer to ownership (33,121 )
At 31 May 2024 123,146
DEPRECIATION
At 1 June 2023 52,275
Charge for year 23,079
Transfer to ownership (21,445 )
At 31 May 2024 53,909
NET BOOK VALUE
At 31 May 2024 69,237
At 31 May 2023 103,992

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 956 956

E. THOMAS & SONS LLP (REGISTERED NUMBER: OC320479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 15,302 15,707
Trade creditors - (2 )
Taxation and social security 464 604
Other creditors 52,780 44,339
68,546 60,648

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 11,894 27,196

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members' capital classified as debt) would rank behind all other creditors.