Company registration number 01935515 (England and Wales)
THOMAS COMPUTER CONSULTANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
THOMAS COMPUTER CONSULTANTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THOMAS COMPUTER CONSULTANTS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
148
197
Investment property
4
160,000
150,000
160,148
150,197
Current assets
Debtors
5
2,354
Cash at bank and in hand
974
138
974
2,492
Creditors: amounts falling due within one year
6
(37,042)
(36,800)
Net current liabilities
(36,068)
(34,308)
Total assets less current liabilities
124,080
115,889
Provisions for liabilities
(694)
Net assets
123,386
115,889
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
7
32,312
24,212
Distributable profit and loss reserves
90,974
91,577
Total equity
123,386
115,889
The notes on pages 3 to 5 form part of these financial statements.
THOMAS COMPUTER CONSULTANTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 May 2025 and are signed on its behalf by:
Mr S Thomas
Director
Company registration number 01935515 (England and Wales)
THOMAS COMPUTER CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
Thomas Computer Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Glen Offa, Pen y Gardden, Ruabon, Wrexham, Wrexham CB, LL14 6RE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
THOMAS COMPUTER CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 September 2023 and 31 August 2024
20,653
Depreciation and impairment
At 1 September 2023
20,456
Depreciation charged in the year
49
At 31 August 2024
20,505
Carrying amount
At 31 August 2024
148
At 31 August 2023
197
THOMAS COMPUTER CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
4
Investment property
2024
£
Fair value
At 1 September 2023
150,000
Revaluations
10,000
At 31 August 2024
160,000
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,354
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
242
Other creditors
36,800
36,800
37,042
36,800
7
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
24,212
24,212
Non distributable profits in the year
8,100
-
At the end of the year
32,312
24,212
8
Directors' transactions
The company operates a loan account with the directors. No interest is being charged on the loan and the balance is repayable on demand.
The company was under control of the directors, Mr S Thomas and Ms J L Andrews.