Thompson Contracts Solar Limited 14802259 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is installation of solar panels Digita Accounts Production Advanced 6.30.9574.0 true true true 14802259 2023-07-01 2024-06-30 14802259 2024-06-30 14802259 core:CurrentFinancialInstruments 2024-06-30 14802259 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14802259 bus:SmallEntities 2023-07-01 2024-06-30 14802259 bus:Audited 2023-07-01 2024-06-30 14802259 bus:FilletedAccounts 2023-07-01 2024-06-30 14802259 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14802259 bus:RegisteredOffice 2023-07-01 2024-06-30 14802259 bus:Director1 2023-07-01 2024-06-30 14802259 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14802259 core:OtherRelatedParties 2023-07-01 2024-06-30 14802259 1 2023-07-01 2024-06-30 14802259 countries:England 2023-07-01 2024-06-30 14802259 2023-04-14 2023-06-30 14802259 2023-06-30 14802259 core:CurrentFinancialInstruments 2023-06-30 14802259 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 14802259

Thompson Contracts Solar Limited

Filleted Financial Statements

for the Year Ended 30 June 2024

 

Thompson Contracts Solar Limited

Contents

Company Information

1

Statement of Director's Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 9

 

Thompson Contracts Solar Limited

Company Information

Director

Mr M Thompson

Registered office

Dales Farm
Clifton Road
Blackpool
Lancashire
FY4 4QA

Auditors

Horne Brooke Shenton
Chartered Accountants & Registered Auditors
15 Olympic Court Boardmans Way,
Whitehills Business Park
Blackpool
FY4 5GU

 

Thompson Contracts Solar Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Thompson Contracts Solar Limited

(Registration number: 14802259)
Balance Sheet as at 30 June 2024

Note

2024
£

(Unaudited)
2023
£

Current assets

 

Stocks

4

1,303

-

Debtors

5

113

20

Cash at bank and in hand

 

168,893

-

 

170,309

20

Creditors: Amounts falling due within one year

6

(126,795)

(9,116)

Total assets less current liabilities

 

43,514

(9,096)

Provisions for liabilities

-

2,279

Net assets/(liabilities)

 

43,514

(6,817)

Capital and Reserves

 

Called up share capital

7

100

20

Retained Earnings

43,414

(6,837)

Shareholders' funds/(deficit)

 

43,514

(6,817)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2025
 

.........................................
Mr M Thompson
Director

 

Thompson Contracts Solar Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Dales Farm
Clifton Road
Blackpool
Lancashire
FY4 4QA

These financial statements were authorised for issue by the director on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Name of parent of group

These financial statements are consolidated in the financial statements of Thompson Holdings Blackpool Limited, further details can be found at note 9.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 14 February 2025 was Diane Garlick FCA FCCA, who signed for and on behalf of Horne Brooke Shenton.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Thompson Contracts Solar Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Thompson Contracts Solar Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Thompson Contracts Solar Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Stocks

2024
£

2023
£

Other inventories

1,303

-

5

Debtors

Current

2024
£

2023
£

Trade Debtors

 

82

-

Amounts owed by related parties

8

-

20

Prepayments

 

31

-

   

113

20

 

Thompson Contracts Solar Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade Creditors

 

43,790

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

57,058

9,116

Taxation and social security

 

19,940

-

Accruals and deferred income

 

6,007

-

 

126,795

9,116

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

20

20

       

8

Related party transactions

Summary of transactions with other related parties

Thompson Contracts (Blackpool) Limited which is a subsidary within the group of Thompson Contracts Solar Limited, undertook work on behalf of Thompson Contracts Solar Limited. The transaction was carried out at arms length for a value of £99,266 (2023 - £Nil) (Net of VAT).

The company operates an informal current account agreement with Thompson Contracts (Blackpool) Limited. At the year end Thompson Contracts Solar Limited owed Thompson Contracts (Blackpool) Limited £29,058 (2023 - £9,116). This amount is interest free and repayable upon demand.

During the year the company entered a formal loan agreement with Thompson Contracts (Blackpool) Limited, the amount advanced during the year was £25,000 (2023 - Nil) and interest was charged of £3,000 (2023 - £Nil). The balance outstanding of the year was £28,000 (2023 - £Nil).

The company also paid a management charge to Thompson Contracts (Blackpool) Limited for the value of £16,479 (2023 - £Nil) (Net of VAT).

 

 

Thompson Contracts Solar Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

9

Parent and ultimate parent undertaking

The company's immediate parent is Thompson Holdings Blackpool Ltd, incorporated in England & Wales.

  These financial statements are available upon request from Dales Farm, Clifton Road, Blackpool, Lancashire, FY4 4QA

 The ultimate controlling party is Mr. M. Thompson.