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REGISTERED NUMBER: 08149927 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Thomas Charles Limited

Thomas Charles Limited (Registered number: 08149927)






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




Page

Company Information 1

Report of the Accountants 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Thomas Charles Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: I P Kemp





REGISTERED OFFICE: 86 Buckingham Road
Maghull
Merseyside
L31 7DR





REGISTERED NUMBER: 08149927 (England and Wales)






Thomas Charles Limited

Report of the Accountants to the Director of
Thomas Charles Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared, for your approval, the accounts of Thomas Charles Limited for the period set out in these accounts from the company's accounting records and from information and explanations you have given to us.

This report is prepared solely to the Board of Directors of Thomas Charles Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Thomas Charles Limited and state those matters that we have agreed to state to the Board of Directors of Thomas Charles Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thomas Charles Limited and its Board of Directors, as a body, for our work for this report.

It is your duty to ensure that Thomas Charles Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Thomas Charles Limited. You consider that Thomas Charles Limited is exempt from the statutory audit requirements for the period of these accounts.

We have not been instructed to carry out an audit or a review of the accounts of Thomas Charles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.








18 March 2025

Thomas Charles Limited (Registered number: 08149927)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 4,500
Tangible assets 5 410 613
4,410 5,113

CURRENT ASSETS
Debtors 6 236,161 252,161
Cash at bank 159,853 101,056
396,014 353,217
CREDITORS
Amounts falling due within one year 7 40,928 29,146
NET CURRENT ASSETS 355,086 324,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,496

329,184

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 359,396 329,084
359,496 329,184

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





I P Kemp - Director


Thomas Charles Limited (Registered number: 08149927)

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

1. STATUTORY INFORMATION

Thomas Charles 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Thomas Charles Limited (Registered number: 08149927)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023 5,500
Amortisation for year 500
At 31 July 2024 6,000
NET BOOK VALUE
At 31 July 2024 4,000
At 31 July 2023 4,500

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2023
and 31 July 2024 6,402
DEPRECIATION
At 1 August 2023 5,789
Charge for year 203
At 31 July 2024 5,992
NET BOOK VALUE
At 31 July 2024 410
At 31 July 2023 613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by participating interests 236,161 236,161
Accrued income - 16,000
236,161 252,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Corporation Tax 30,237 24,343
Social security and other taxes 24 423
Directors' current accounts 10,343 4,056
Accruals and deferred income 324 324
40,928 29,146