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REGISTERED NUMBER: 07104850 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Thompson Fertilisers Ltd

Thompson Fertilisers Ltd (Registered number: 07104850)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Thompson Fertilisers Ltd

Company Information
for the Year Ended 31 December 2024







Directors: Mr A N Langworthy
Mrs A Langworthy





Registered office: Ash Tree House
Duggleby
Malton
North Yorkshire
YO17 8BN





Registered number: 07104850 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Thompson Fertilisers Ltd (Registered number: 07104850)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 63,000 75,600
Tangible assets 5 35,651 32,209
98,651 107,809

CURRENT ASSETS
Stocks 20,816 9,476
Debtors 6 309,703 393,152
Cash at bank 616,699 679,472
947,218 1,082,100
CREDITORS
Amounts falling due within one year 7 334,170 459,623
NET CURRENT ASSETS 613,048 622,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,699

730,286

CREDITORS
Amounts falling due after more than one
year

8

(7,901

)

(18,192

)

PROVISIONS FOR LIABILITIES (1,081 ) (243 )
NET ASSETS 702,717 711,851

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 702,517 711,651
SHAREHOLDERS' FUNDS 702,717 711,851

Thompson Fertilisers Ltd (Registered number: 07104850)

Balance Sheet - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





Mr A N Langworthy - Director


Thompson Fertilisers Ltd (Registered number: 07104850)

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

1. STATUTORY INFORMATION

Thompson Fertilisers Ltd is a private company, limited by shares , registered in England and Wales. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Thompson Fertilisers Ltd (Registered number: 07104850)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 252,000
AMORTISATION
At 1 January 2024 176,400
Charge for year 12,600
At 31 December 2024 189,000
NET BOOK VALUE
At 31 December 2024 63,000
At 31 December 2023 75,600

Thompson Fertilisers Ltd (Registered number: 07104850)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 48,324 4,359 - 13,473 66,156
Additions - - 5,034 - 5,034
At 31 December 2024 48,324 4,359 5,034 13,473 71,190
DEPRECIATION
At 1 January 2024 17,395 4,280 - 12,272 33,947
Charge for year 966 20 210 396 1,592
At 31 December 2024 18,361 4,300 210 12,668 35,539
NET BOOK VALUE
At 31 December 2024 29,963 59 4,824 805 35,651
At 31 December 2023 30,929 79 - 1,201 32,209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 308,414 391,293
Prepayments and accrued income 1,289 1,859
309,703 393,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,291 10,020
Trade creditors 267,086 388,124
Corporation tax 45,352 48,190
Social security and other taxes - 79
VAT 4,576 9,063
Directors' current accounts 332 933
Accruals and deferred income 6,533 3,214
334,170 459,623

Thompson Fertilisers Ltd (Registered number: 07104850)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,901 10,291
Bank loans - 2-5 years - 7,901
7,901 18,192

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200