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REGISTERED NUMBER: 03801846 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THOMSON SOFTWARE SOLUTIONS LIMITED

THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMSON SOFTWARE SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2024







DIRECTORS: Dr P Thomson
Prof W D Thomson
Mr M R Clement





SECRETARY: Dr P Thomson





REGISTERED OFFICE: Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 03801846 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,892 14,497
Investments 5 1,543,301 1,397,377
1,555,193 1,411,874

CURRENT ASSETS
Stocks 85,000 85,000
Debtors 6 155,165 160,273
Cash at bank 1,157,273 617,617
1,397,438 862,890
CREDITORS
Amounts falling due within one year 7 221,230 73,969
NET CURRENT ASSETS 1,176,208 788,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,731,401

2,200,795

PROVISIONS FOR LIABILITIES 6,188 8,525
NET ASSETS 2,725,213 2,192,270

THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 141 141
Retained earnings 2,725,072 2,192,129
SHAREHOLDERS' FUNDS 2,725,213 2,192,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Prof W D Thomson - Director


THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Thomson Software Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 33% on cost and 25% 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 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.


THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 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
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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 87,969
Additions 1,442
At 30 September 2024 89,411
DEPRECIATION
At 1 October 2023 73,472
Charge for year 4,047
At 30 September 2024 77,519
NET BOOK VALUE
At 30 September 2024 11,892
At 30 September 2023 14,497

THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 1,397,377
Revaluations 145,924
At 30 September 2024 1,543,301
NET BOOK VALUE
At 30 September 2024 1,543,301
At 30 September 2023 1,397,377

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2016 69,963
Valuation in 2017 12,912
Valuation in 2018 9,783
Valuation in 2019 7,479
Valuation in 2020 (10,722 )
Valuation in 2021 125,571
Valuation in 2022 (154,902 )
Valuation in 2023 37,293
Valuation in 2024 145,924
Cost 1,300,000
1,543,301

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,300,000 1,300,000

Fixed asset investments were valued on an open market basis on 30 September 2024 by an independent investment broker .

THOMSON SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 03801846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 154,881 154,156
Other debtors 284 6,117
155,165 160,273

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,693 -
Tax 179,336 32,402
Social security and other taxes 3,204 2,782
VAT 28,364 28,973
Other creditors 5,323 2,241
Directors' current accounts 60 148
Accrued expenses 3,250 7,423
221,230 73,969

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Prof. W D Thomson by virtue of his shareholding.