THOMPSON COLE LIMITED

Company Registration Number:
03639770 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

THOMPSON COLE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

THOMPSON COLE LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 107,839 108,898
Total fixed assets: 107,839 108,898
Current assets
Debtors:   201,655 234,578
Cash at bank and in hand: 328,764 213,032
Total current assets: 530,419 447,610
Creditors: amounts falling due within one year: 4 (183,238) (146,726)
Net current assets (liabilities): 347,181 300,884
Total assets less current liabilities: 455,020 409,782
Creditors: amounts falling due after more than one year: 5 (66,793) (58,082)
Total net assets (liabilities): 388,227 351,700
Capital and reserves
Called up share capital: 270 270
Share premium account: 22,470 22,470
Profit and loss account: 365,487 328,960
Shareholders funds: 388,227 351,700

The notes form part of these financial statements

THOMPSON COLE LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 April 2025
and signed on behalf of the board by:

Name: Mr J Jamieson
Status: Director

The notes form part of these financial statements

THOMPSON COLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows - freehold buildings over 50 years, leasehold land and buildings over the lease term, plant and machinery 25% reducing balance, fixtures fittings tools and equipment 25% reducing balance.

Other accounting policies

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

THOMPSON COLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 12 11

THOMPSON COLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 174,002
Additions 36,379
Disposals (28,584)
At 31 December 2024 181,797
Depreciation
At 01 January 2024 65,104
Charge for year 22,613
On disposals (13,759)
At 31 December 2024 73,958
Net book value
At 31 December 2024 107,839
At 31 December 2023 108,898

THOMPSON COLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Creditors amounts falling due within year Obligations under finance lease and hire purchase contracts 2024 £10495 2023 £6988 Trade creditors 2024 £6064 2023 £5167 Taxation and social security costs 2024 £163979 2023 £131621 Other creditors 2024 £2700 2023 £2950.

THOMPSON COLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

Obligations under finance lease and hire purchase contracts 2024 £66793 2023 £58082

THOMPSON COLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: During the year, 15 new shares were issued and given to a director, for the nominal value of £1 each, below the market value. The shares were valued by an independent company at £750 each.
£
Balance at 01 January 2024 0
Balance at 31 December 2024 0