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REGISTERED NUMBER: 04607949 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Thompsons Coaches Limited

Thompsons Coaches Limited (Registered number: 04607949)






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


Thompsons Coaches Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S A Rogers
Mr R A Rogers





SECRETARY: Mrs J A Frost





REGISTERED OFFICE: 17, Ashwell Avenue
Framlingham
Woodbridge
Suffolk
IP13 9FX





REGISTERED NUMBER: 04607949 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Thompsons Coaches Limited (Registered number: 04607949)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 408,442 353,706
408,442 353,706

CURRENT ASSETS
Stocks 6 2,342 3,250
Debtors 7 164,219 129,877
Cash at bank 60,404 59,958
226,965 193,085
CREDITORS
Amounts falling due within one year 8 129,434 109,839
NET CURRENT ASSETS 97,531 83,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,973

436,952

CREDITORS
Amounts falling due after more than one
year

9

(15,167

)

(54,666

)

PROVISIONS FOR LIABILITIES 10 (100,480 ) (86,681 )
NET ASSETS 390,326 295,605

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 390,296 295,575
SHAREHOLDERS' FUNDS 390,326 295,605

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.

Thompsons Coaches Limited (Registered number: 04607949)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





Mr S A Rogers - Director


Thompsons Coaches Limited (Registered number: 04607949)

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

1. STATUTORY INFORMATION

Thompsons Coaches 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.

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 2002, was fully amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% 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.


Thompsons Coaches Limited (Registered number: 04607949)

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 30,000
AMORTISATION
At 1 January 2024
and 31 December 2024 30,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Thompsons Coaches Limited (Registered number: 04607949)

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

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 9,248 77,219 411,615 498,082
Additions - 225 139,700 139,925
Disposals - - (42,995 ) (42,995 )
At 31 December 2024 9,248 77,444 508,320 595,012
DEPRECIATION
At 1 January 2024 2,265 33,273 108,838 144,376
Charge for year 462 6,598 56,322 63,382
Eliminated on disposal - - (21,188 ) (21,188 )
At 31 December 2024 2,727 39,871 143,972 186,570
NET BOOK VALUE
At 31 December 2024 6,521 37,573 364,348 408,442
At 31 December 2023 6,983 43,946 302,777 353,706

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 33,000 81,990 114,990
Additions - 35,700 35,700
At 31 December 2024 33,000 117,690 150,690
DEPRECIATION
At 1 January 2024 1,650 11,915 13,565
Charge for year 4,703 11,851 16,554
At 31 December 2024 6,353 23,766 30,119
NET BOOK VALUE
At 31 December 2024 26,647 93,924 120,571
At 31 December 2023 31,350 70,075 101,425

6. STOCKS
2024 2023
£    £   
Stocks 2,342 3,250

Thompsons Coaches Limited (Registered number: 04607949)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,586 14,434
Unbilled sales contracts 49,360 43,624
Other loans 2,094 -
Loan to R Rogers - 6,577
Directors' current accounts 68,493 51,785
VAT 16,826 11,397
Prepayments 2,860 2,060
164,219 129,877

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,750 34,750
Hire purchase contracts 18,500 23,250
Trade creditors 22,469 16,228
Tax 40,063 25,920
Social security and other taxes 10,262 6,666
Accrued expenses 3,390 3,025
129,434 109,839

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Funding Circle - Coronavirus
Business Interruption Loan
Scheme (CBILS) 5,792 40,541
Hire purchase contracts 9,375 14,125
15,167 54,666

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 100,480 86,681

Deferred
tax
£   
Balance at 1 January 2024 86,681
Movement in year 13,799
Balance at 31 December 2024 100,480

Thompsons Coaches Limited (Registered number: 04607949)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr S A Rogers
Balance outstanding at start of year 51,785 50,502
Amounts advanced 68,136 60,170
Amounts repaid (58,958 ) (58,887 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,963 51,785

Mr R A Rogers
Balance outstanding at start of year - -
Amounts advanced 19,280 -
Amounts repaid (11,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,530 -