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REGISTERED NUMBER: 09050597 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st May 2024

for

Thompson P Limited

Thompson P Limited (Registered number: 09050597)






Contents of the Financial Statements
For The Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Thompson P Limited

Company Information
For The Year Ended 31st May 2024







DIRECTOR: P Thompson





REGISTERED OFFICE: 5 Hawmead
Crawley Down
Crawley
West Sussex
RH10 4XY





REGISTERED NUMBER: 09050597 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Thompson P Limited (Registered number: 09050597)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,491 30,797

CURRENT ASSETS
Stocks 5 34,352 35,627
Debtors 6 82,571 73,102
Cash at bank and in hand 39,546 35,102
156,469 143,831
CREDITORS
Amounts falling due within one year 7 111,971 102,993
NET CURRENT ASSETS 44,498 40,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,989

71,635

CREDITORS
Amounts falling due after more than one
year

8

(41,431

)

(56,476

)

PROVISIONS FOR LIABILITIES 11 (4,653 ) (5,851 )
NET ASSETS 22,905 9,308

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 22,904 9,307
SHAREHOLDERS' FUNDS 22,905 9,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Thompson P Limited (Registered number: 09050597)

Balance Sheet - continued
31st May 2024


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 and authorised for issue by the director and authorised for issue on 24th March 2025 and were signed by:





P Thompson - Director


Thompson P Limited (Registered number: 09050597)

Notes to the Financial Statements
For The Year Ended 31st May 2024

1. STATUTORY INFORMATION

Thompson P 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 - 1 ) .

Thompson P Limited (Registered number: 09050597)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2023 106,904 - 106,904
Additions - 1,791 1,791
At 31st May 2024 106,904 1,791 108,695
DEPRECIATION
At 1st June 2023 76,107 - 76,107
Charge for year 7,699 398 8,097
At 31st May 2024 83,806 398 84,204
NET BOOK VALUE
At 31st May 2024 23,098 1,393 24,491
At 31st May 2023 30,797 - 30,797

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 34,352 35,627

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 65,131 63,277
SOT Reserve A/c's 17,440 9,825
82,571 73,102

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 17,046 8,802
VAT 23,614 27,179
Other creditors 67,372 62,551
Directors' current accounts 990 461
Accrued expenses 2,949 4,000
111,971 102,993

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other loans (see note 9) 20,757 30,748
Hire purchase contracts 20,674 25,728
41,431 56,476

Thompson P Limited (Registered number: 09050597)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 20,757 30,748

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Snap On U K Holdings Limited 88,049 88,279

11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 4,653 5,851

Deferred
tax
£   
Balance at 1st June 2023 5,851
Credit to Income Statement during year (1,198 )
Balance at 31st May 2024 4,653

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £ 1 1

13. RESERVES
Retained
earnings
£   

At 1st June 2023 9,307
Profit for the year 32,597
Dividends (19,000 )
At 31st May 2024 22,904

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,000 (2023 - £12,500) were paid to the director .

Thompson P Limited (Registered number: 09050597)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024

15. ULTIMATE CONTROLLING PARTY

The controlling party is P Thompson.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Thompson P 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 Balance Sheet. 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 financial statements of Thompson P Limited for the year ended 31st May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Thompson P Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thompson P Limited and state those matters that we have agreed to state to the director of Thompson P Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Thompson P Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thompson P Limited. You consider that Thompson P Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thompson P 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 financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 24th March 2025