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REGISTERED NUMBER: SC168118 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

HENDERSON THOMAS ASSOCIATES LTD.

HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HENDERSON THOMAS ASSOCIATES LTD.

Company Information
for the Year Ended 31 August 2024







DIRECTORS: W D Thomas
D Henderson





REGISTERED OFFICE: Investigation House Telford Avenue
Strutherhill Industrial Estate
Larkhall
ML9 2UN





REGISTERED NUMBER: SC168118 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 413,119 358,469

CURRENT ASSETS
Stocks 107,575 208,626
Debtors 5 1,677,337 2,243,334
Cash at bank and in hand 258,173 896,367
2,043,085 3,348,327
CREDITORS
Amounts falling due within one year 6 471,714 799,988
NET CURRENT ASSETS 1,571,371 2,548,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,984,490

2,906,808

CREDITORS
Amounts falling due after more than one
year

7

(60,190

)

(49,037

)

PROVISIONS FOR LIABILITIES (97,855 ) (84,931 )
NET ASSETS 1,826,445 2,772,840

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,825,445 2,771,840
1,826,445 2,772,840

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

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

HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

Balance Sheet - continued
31 August 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 by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





W D Thomas - Director


HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

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

1. STATUTORY INFORMATION

Henderson Thomas Associates Ltd. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on reducing balance and 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.


HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 36 ) .

HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 24,108 221,471 112,241
Additions 4,638 44,927 -
At 31 August 2024 28,746 266,398 112,241
DEPRECIATION
At 1 September 2023 5,365 182,920 87,064
Charge for year 1,683 17,832 6,295
At 31 August 2024 7,048 200,752 93,359
NET BOOK VALUE
At 31 August 2024 21,698 65,646 18,882
At 31 August 2023 18,743 38,551 25,177

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 623,636 53,640 1,035,096
Additions 118,810 7,371 175,746
At 31 August 2024 742,446 61,011 1,210,842
DEPRECIATION
At 1 September 2023 352,469 48,809 676,627
Charge for year 89,417 5,869 121,096
At 31 August 2024 441,886 54,678 797,723
NET BOOK VALUE
At 31 August 2024 300,560 6,333 413,119
At 31 August 2023 271,167 4,831 358,469

HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 287,509
Additions 118,810
Transfer to ownership (92,075 )
At 31 August 2024 314,244
DEPRECIATION
At 1 September 2023 97,142
Charge for year 56,871
Transfer to ownership (42,693 )
At 31 August 2024 111,320
NET BOOK VALUE
At 31 August 2024 202,924
At 31 August 2023 190,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 821,447 1,380,877
Other debtors 75,483 75,483
Loans receivable and floats 27,449 26,449
Directors' current accounts 522,659 522,659
Tax 128,081 190,661
Prepayments and accrued income 102,218 47,205
1,677,337 2,243,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 78,055 57,033
Trade creditors 97,986 169,863
Tax - 220,536
Social security and other taxes 31,979 31,137
VAT 171,872 297,170
Other creditors 400 -
Pension - 7,137
Credit cards - 121
Accruals and deferred income 91,422 16,991
471,714 799,988

HENDERSON THOMAS ASSOCIATES LTD. (REGISTERED NUMBER: SC168118)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 60,190 49,037