V THOMSON LIMITED

Company Registration Number:
SC541261 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

V THOMSON LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

V THOMSON LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 292 389
Total fixed assets: 292 389
Current assets
Debtors:   802 3,602
Total current assets: 802 3,602
Creditors: amounts falling due within one year:   (5,915) (5,709)
Net current assets (liabilities): (5,113) (2,107)
Total assets less current liabilities: (4,821) (1,718)
Total net assets (liabilities): (4,821) (1,718)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (4,823) (1,720)
Shareholders funds: (4,821) (1,718)

The notes form part of these financial statements

V THOMSON LIMITED

Balance sheet statements

For the year ending 31 July 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 18 April 2025
and signed on behalf of the board by:

Name: V Thomson
Status: Director

The notes form part of these financial statements

V THOMSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 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, excluding discounts, rebates, value added tax or other similar sales taxes.

Tangible fixed assets and depreciation policy

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Furniture and Fittings - 25 Reducing balance

Other accounting policies

Going Concern During the period the company made a loss of £3,103 and at the balance sheet date had net current liabilities of £5,113. The company meets its day to day working capital requirements through the support of its director. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future from the balance sheet date. The validity of this assumption depends on the continued support of its director. 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.

V THOMSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

V THOMSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 2,915
At 31 July 2024 2,915
Depreciation
At 01 August 2023 2,526
Charge for year 97
At 31 July 2024 2,623
Net book value
At 31 July 2024 292
At 31 July 2023 389

V THOMSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Loans to directors

Name of director receiving advance or credit: V Thomson
Description of the loan: Loan from director.
£
Balance at 01 August 2023 4,641
Balance at 31 July 2024 4,641

The loan is interest free and repayable on demand.