Company registration number 10534979 (England and Wales)
THOMSON STAFF LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THOMSON STAFF LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THOMSON STAFF LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
4
165,000
165,000
Current assets
Cash at bank and in hand
59,956
56,220
Creditors: amounts falling due within one year
5
(5,627)
(5,287)
Net current assets
54,329
50,933
Total assets less current liabilities
219,329
215,933
Provisions for liabilities
(8,645)
(8,645)
Net assets
210,684
207,288
Capital and reserves
Called up share capital
100
100
Fair value reserve
6
28,010
28,010
Profit and loss reserves
182,574
179,178
Total equity
210,684
207,288

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 1 September 2025
T J M Staff
Director
Company Registration No. 10534979
THOMSON STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Thomson Staff Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, North Square, 11-13 Spear Street, Manchester, M1 1JU.

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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income earned during the period and is recognised on the accruals basis in accordance with the terms of the rental agreements in place.

1.3
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THOMSON STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
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.

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be 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 in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
THOMSON STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
165,000

The investment property is carried at it's open market value and is assessed annually by the director.

5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
1,260
Corporation tax
677
836
Other creditors
4,950
3,191
5,627
5,287
6
Fair value reserve
2024
2023
£
£
At the beginning and end of the year
28,010
28,010
2024-12-31 2024-01-01 false false false 02 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr T J M Staff 10534979 2024-01-01 2024-12-31 10534979 2024-12-31 10534979 2023-12-31 10534979 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10534979 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10534979 core:CurrentFinancialInstruments 2024-12-31 10534979 core:CurrentFinancialInstruments 2023-12-31 10534979 core:ShareCapital 2024-12-31 10534979 core:ShareCapital 2023-12-31 10534979 core:RevaluationReserve 2024-12-31 10534979 core:RevaluationReserve 2023-12-31 10534979 core:RetainedEarningsAccumulatedLosses 2024-12-31 10534979 core:RetainedEarningsAccumulatedLosses 2023-12-31 10534979 bus:Director1 2024-01-01 2024-12-31 10534979 2023-01-01 2023-12-31 10534979 2023-12-31 10534979 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10534979 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10534979 bus:FRS102 2024-01-01 2024-12-31 10534979 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10534979 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP