Registration number: 00397615

Thompson & Oakes Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Thompson & Oakes Limited

Company Information

Directors

Mr N A Lonsdale Mr G J Lonsdale Mr G G Lonsdale

Company secretary

Mr G G Lonsdale

Registered office

79 Pilling Lane Preesall Poulton le Fylde Lancashire FY6 0HB

Accountants

Red Dot Accountants Ltd Chartered Accountants15 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Thompson & Oakes Limited

(Registration number: 00397615)
Balance Sheet as at 31 August 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	618,376	636,781
Investment property	5	356,422	356,422
		974,798	993,203
Current assets
Stocks	6	15,376	42,814
Debtors	7	5,044	8,809
Cash at bank and in hand		183,697	122,093
		204,117	173,716
Creditors: Amounts falling due within one year	8	(108,151)	(131,572)
Net current assets		95,966	42,144
Total assets less current liabilities		1,070,764	1,035,347
Provisions for liabilities		(3,792)	(4,605)
Net assets		1,066,972	1,030,742
Capital and reserves
Called up share capital	9	500	500
Retained earnings		1,066,472	1,030,242
Shareholders' funds		1,066,972	1,030,742

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 May 2025 and signed on its behalf by:
 

......................................... Mr G J Lonsdale Director

Thompson & Oakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
79 Pilling Lane
Preesall
Poulton le Fylde
Lancashire
FY6 0HB

These financial statements were authorised for issue by the Board on 24 May 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises corporation tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Thompson & Oakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% on reducing balance
Motor vehicles	25% on reducing balance
Plant and machinery	15% on reducing balance
Fixtures and fittings	20% on reducing balance
Static caravans	15% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Directors. The Directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for rents receivable or for services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

Thompson & Oakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4	Tangible Assets

	Land and buildings £	Furniture, fittings and equipment  £	Static caravans  £	Total £
Cost or valuation
At 1 September 2023	706,432	51,913	35,257	793,602
At 31 August 2024	706,432	51,913	35,257	793,602
Depreciation
At 1 September 2023	93,887	37,141	25,793	156,821
Charge for the year	14,129	2,856	1,420	18,405
At 31 August 2024	108,016	39,997	27,213	175,226
Carrying amount
At 31 August 2024	598,416	11,916	8,044	618,376
At 31 August 2023	612,545	14,772	9,464	636,781

Included within the net book value of land and buildings above is £598,417 (2023 - £612,546) in respect of freehold land and buildings.
 

5	Investment Properties

	2024 £
At 1 September	356,422
At 31 August	356,422

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2024 £	2023 £
Other inventories	15,376	42,814

Thompson & Oakes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Debtors

	2024 £	2023 £
Prepayments	3,394	7,359
Other debtors	1,650	1,450
	5,044	8,809

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	3,472	5,478
Taxation and social security	22,721	15,342
Accruals and deferred income	51,374	50,482
Other creditors	30,584	60,270
	108,151	131,572

9	Share Capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	500	500	500	500