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REGISTERED NUMBER: 02432431 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

A S Thompson Limited

A S Thompson Limited (Registered number: 02432431)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A S Thompson Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A S Thompson



REGISTERED OFFICE: Bearwardcote Lodge
Heage Lane
Etwall
Derby
Derbyshire
DE65 6LS



REGISTERED NUMBER: 02432431 (England and Wales)



ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ



BANKERS: Lloyds Bank
43 Irongate
Derby
DE1 3FT

A S Thompson Limited (Registered number: 02432431)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,306 2,915

CURRENT ASSETS
Stocks 411,412 411,412
Debtors 5 21,268 -
Cash at bank 591,744 586,616
1,024,424 998,028
CREDITORS
Amounts falling due within one year 6 361,811 313,670
NET CURRENT ASSETS 662,613 684,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

664,919

687,273

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 664,819 687,173
SHAREHOLDERS' FUNDS 664,919 687,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





A S Thompson - Director


A S Thompson Limited (Registered number: 02432431)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

A S Thompson 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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stock and work in progress
Stock and work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 52,817 19,497 72,314
DEPRECIATION
At 1 March 2023 50,422 18,977 69,399
Charge for year 479 130 609
At 29 February 2024 50,901 19,107 70,008
NET BOOK VALUE
At 29 February 2024 1,916 390 2,306
At 28 February 2023 2,395 520 2,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 243 -
Director's current account 21,025 -
21,268 -

A S Thompson Limited (Registered number: 02432431)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 233 100
Social security and other taxes 9,602 9,926
Amounts owed to related party 350,743 286,198
Director's current account - 14,710
Accrued expenses 1,233 2,736
361,811 313,670

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year a net advance of £21,025 was made to a director. Interest was charged on the advance, which is repayable on demand.