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REGISTERED NUMBER: 00625303 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

G G Tomkinson Limited

G G Tomkinson Limited (Registered number: 00625303)






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


G G Tomkinson Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Tomkinson





SECRETARY: Mrs J A Tomkinson





REGISTERED OFFICE: The Willows
Pattenden Lane
Marden
TONBRIDGE
Kent
TN12 9QJ





REGISTERED NUMBER: 00625303 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

G G Tomkinson Limited (Registered number: 00625303)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,118,849 5,160,532
Investments 5 27,100 27,100
5,145,949 5,187,632

CURRENT ASSETS
Debtors 6 460,250 518,207
Cash at bank 1,141,720 875,457
1,601,970 1,393,664
CREDITORS
Amounts falling due within one year 7 598,810 567,292
NET CURRENT ASSETS 1,003,160 826,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,149,109

6,014,004

PROVISIONS FOR LIABILITIES 8 241,653 218,068
NET ASSETS 5,907,456 5,795,936

CAPITAL AND RESERVES
Called up share capital 10,074 10,074
Retained earnings 5,897,382 5,785,862
5,907,456 5,795,936

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 director acknowledges his 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.

G G Tomkinson Limited (Registered number: 00625303)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 11 June 2025 and were signed by:





M Tomkinson - Director


G G Tomkinson Limited (Registered number: 00625303)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

G G Tomkinson 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.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover
Turnover is measured at the fair vair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises income from haulage services which is recognised when the service has been provided. Turnover from warehousing is recognised over the period that the warehousing is provided to the customer and handling is charged when the service has been provided.

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
Short leasehold - 20% on reducing balance
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

G G Tomkinson Limited (Registered number: 00625303)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


G G Tomkinson Limited (Registered number: 00625303)

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.

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.

Current asset investments
Current Asset Investments are listed investments and are valued at market value .

Going concern
The director has prepared cashflows for a year from the date of approving the balance sheet which indicate that the company will have sufficient funds to enable it to meet its financial obligations as they fall due.

Consequently, no adjustments have been made to the company's accounts for the year ended 30 September 2024 and the director considers that there is no material uncertainty and that the company will continue to trade for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 5,202,622 699,503 5,902,125
Additions - 16,823 16,823
Disposals - (41,490 ) (41,490 )
At 30 September 2024 5,202,622 674,836 5,877,458
DEPRECIATION
At 1 October 2023 251,043 490,550 741,593
Charge for year 27,016 18,362 45,378
Eliminated on disposal - (28,362 ) (28,362 )
At 30 September 2024 278,059 480,550 758,609
NET BOOK VALUE
At 30 September 2024 4,924,563 194,286 5,118,849
At 30 September 2023 4,951,579 208,953 5,160,532

Freehold property includes £343,740 of land which is not depreciated.

G G Tomkinson Limited (Registered number: 00625303)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 59,883
PROVISIONS
At 1 October 2023
and 30 September 2024 32,783
NET BOOK VALUE
At 30 September 2024 27,100
At 30 September 2023 27,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 286,114 337,879
Other debtors 174,136 180,328
460,250 518,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 264,813 190,682
Taxation and social security 73,573 101,805
Other creditors 260,424 274,805
598,810 567,292

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 241,653 218,068

Deferred
tax
£   
Balance at 1 October 2023 218,068
Accelerated capital allowances 23,585
Balance at 30 September 2024 241,653

9. RELATED PARTY DISCLOSURES

With effect from January 2021, a formal lease was put in place between the GG Tomkinson Executive Pension Scheme and the company for an annual rental of £135,000, representing an open market rent for the property.