Registered number
04972507
Thomas & Son Builders Ltd
Filleted Accounts
30 September 2024
Thomas & Son Builders Ltd
Registered number: 04972507
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 86,082 96,531
Cash at bank and in hand - 1,502
86,082 98,033
Creditors: amounts falling due within one year 5 (81,487) (88,258)
Net current assets 4,595 9,775
Total assets less current liabilities 4,595 9,775
Creditors: amounts falling due after more than one year 6 (4,492) (9,392)
Net assets 103 383
Capital and reserves
Called up share capital 4 4
Profit and loss account 99 379
Shareholders' funds 103 383
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Thomas
Director
Approved by the board on 8 April 2025
Thomas & Son Builders Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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
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:
Plant and machinery 15% Straight Line
Fixtures, fittings, tools and equipment 25% Reducing Balance
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.
Going concern
The financial statements have been prepared on a going concern basis. The company’s ability to continue as a going concern is dependent on the repayment of the director’s loan. The director has confirmed their intention and ability to repay the loan, and accordingly the directors consider it appropriate to prepare the accounts on a going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 1,602
At 30 September 2024 1,602
Depreciation
At 1 October 2023 1,602
At 30 September 2024 1,602
Net book value
At 30 September 2024 -
All tangible fixed assets are fully depreciated and have nil net book value.
4 Debtors 2024 2023
£ £
Trade debtors 8,333 19,280
Other debtors 77,749 77,251
86,082 96,531
Amounts due after more than one year included above 19,619 19,493
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 48,214 35,679
Trade creditors 7,056 7,272
Taxation and social security costs 26,217 45,307
81,487 88,258
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,492 9,392
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J L Thomas 57,758 42,886 (42,514) 58,130
57,758 42,886 (42,514) 58,130
During the period, Mr J Thomas received an Interest free loan to enable him to carry out his duties. The amount outstanding at the year-end was £58,130. This balance is included within "Other Debtors"
8 Related party transactions and Going Concern
At the balance sheet date, the director, Mr J L Thomas, owed the company £58,130 (2023: £57,758). The loan is interest-free, unsecured, and repayable on demand.

The company’s net assets are £103. Its ability to meet its liabilities as they fall due is dependent on the repayment of the director’s loan. The director has confirmed their intention and ability to repay this balance in full. However, if the loan were not recoverable, it could give rise to a material uncertainty over the company’s ability to continue as a going concern.
10 Other information
Thomas & Son Builders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
SHMS House
20 Little Park Farm Road
Fareham
Hampshire
PO15 5TD
Thomas & Son Builders Ltd 04972507 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Mr J Thomas No description of principal activity 04972507 2022-10-01 2023-09-30 04972507 core:WithinOneYear 2023-09-30 04972507 core:AfterOneYear 2023-09-30 04972507 core:ShareCapital 2023-09-30 04972507 core:RetainedEarningsAccumulatedLosses 2023-09-30 04972507 2023-10-01 2024-09-30 04972507 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04972507 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04972507 bus:Director40 2023-10-01 2024-09-30 04972507 1 2023-10-01 2024-09-30 04972507 2 2023-10-01 2024-09-30 04972507 bus:Director1 2023-10-01 2024-09-30 04972507 bus:Director1 1 2023-10-01 2024-09-30 04972507 countries:England 2023-10-01 2024-09-30 04972507 bus:FRS102 2023-10-01 2024-09-30 04972507 bus:FilletedAccounts 2023-10-01 2024-09-30 04972507 2024-09-30 04972507 core:WithinOneYear 2024-09-30 04972507 core:AfterOneYear 2024-09-30 04972507 core:ShareCapital 2024-09-30 04972507 core:RetainedEarningsAccumulatedLosses 2024-09-30 04972507 core:PlantMachinery 2024-09-30 04972507 bus:Director1 1 2024-09-30 04972507 2023-09-30 04972507 core:PlantMachinery 2023-09-30 04972507 bus:Director1 1 2023-09-30 iso4217:GBP xbrli:pure