REGISTERED NUMBER: 08749348 (England and Wales)

J & J THOMPSON & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

S Thompson

J Thompson

I Thompson

A Thompson

REGISTERED OFFICE:

390 Moss Lane

Hesketh Bank

Preston

PR4 6XJ

REGISTERED NUMBER:

08749348 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Intangible assets

4

77,564

86,598

Property, plant and equipment

5

2,522,636

2,199,872

2,600,200

2,286,470

CURRENT ASSETS

Inventories

1,051,258

1,035,268

Debtors

6

1,596,977

1,524,072

Cash at bank

369,156

292,544

3,017,391

2,851,884

CREDITORS

Amounts falling due within one year

7

2,116,345

2,025,845

NET CURRENT ASSETS

901,046

826,039

TOTAL ASSETS LESS CURRENT LIABILITIES

3,501,246

3,112,509

CREDITORS

Amounts falling due after more than one year

8

(770,258

)

(677,731

)

PROVISIONS FOR LIABILITIES

(516,946

)

(435,010

)

NET ASSETS

2,214,042

1,999,768

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,213,942

1,999,668

SHAREHOLDERS' FUNDS

2,214,042

1,999,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 September 2025 and were signed on its behalf by:

S Thompson - Director

1.	STATUTORY INFORMATION

J & J Thompson & Sons 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, is being amortised evenly over its estimated useful life of 20 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.

Patents & licences are being amortised evenly over their estimated useful life of 20 years.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Property, plant and equipment are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 39 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

178,000

2,670

180,670

AMORTISATION

At 1 April 2024

92,738

1,334

94,072

Charge for year

8,900

134

9,034

At 31 March 2025

101,638

1,468

103,106

NET BOOK VALUE

At 31 March 2025

76,362

1,202

77,564

At 31 March 2024

85,262

1,336

86,598

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

418,433

4,680,764

5,099,197

Additions

21,687

605,740

627,427

Disposals

-

(163,091

)

(163,091

)

At 31 March 2025

440,120

5,123,413

5,563,533

DEPRECIATION

At 1 April 2024

-

2,899,325

2,899,325

Charge for year

-

265,961

265,961

Eliminated on disposal

-

(124,389

)

(124,389

)

At 31 March 2025

-

3,040,897

3,040,897

NET BOOK VALUE

At 31 March 2025

440,120

2,082,516

2,522,636

At 31 March 2024

418,433

1,781,439

2,199,872

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,300,387

1,268,346

Other debtors

296,590

255,726

1,596,977

1,524,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

223,731

107,658

Hire purchase contracts

33,492

32,106

Trade creditors

1,528,817

1,507,440

Taxation and social security

98,507

143,717

Other creditors

231,798

234,924

2,116,345

2,025,845

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

734,581

608,562

Hire purchase contracts

35,677

69,169

770,258

677,731

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

28

A Ordinary

£1

28

98

72

B Ordinary

£1

72

2

100

100