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REGISTERED NUMBER: SC502516 (Scotland)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

THOMSONS GAS & HIRE LIMITED

THOMSONS GAS & HIRE LIMITED (REGISTERED NUMBER: SC502516)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THOMSONS GAS & HIRE LIMITED

Company Information
for the Year Ended 31st July 2024







DIRECTORS: A M Craig
Mrs A Craig
Mrs S J McIlroy



REGISTERED OFFICE: New Craig House
355 Orbiston Street
Motherwell
ML1 1QW



REGISTERED NUMBER: SC502516 (Scotland)



ACCOUNTANTS: Pecuniae Limited
10 Abercorn Drive
Hamilton
ML3 7EX



BANKERS: Virgin Money
43 Hamilton Road
Motherwell
ML1 3DD

THOMSONS GAS & HIRE LIMITED (REGISTERED NUMBER: SC502516)

Balance Sheet
31st July 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 406 1,411
Cash at bank 51,543 58,504
51,949 59,915
CREDITORS
Amounts falling due within one year 5 42,451 37,357
NET CURRENT ASSETS 9,498 22,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,498

22,558

CREDITORS
Amounts falling due after more than one
year

6

10,000

20,000
NET (LIABILITIES)/ASSETS (502 ) 2,558

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (602 ) 2,458
SHAREHOLDERS' FUNDS (502 ) 2,558

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31st March 2025 and were signed on its behalf by:



A M Craig - Director


THOMSONS GAS & HIRE LIMITED (REGISTERED NUMBER: SC502516)

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

1. STATUTORY INFORMATION

Thomsons Gas & Hire Limited is a private company, limited by shares , registered in Scotland. 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.

Although the company had net liabilities of £502 at the balance sheet date, the directors have taken steps to secure financial support for a minimum period of 12 months from the date of signing these accounts. For this reason, the accounts have been prepared on a going concern basis.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 406 1,411

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 32,451 27,357
42,451 37,357

THOMSONS GAS & HIRE LIMITED (REGISTERED NUMBER: SC502516)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000