REGISTERED NUMBER: 12226887 (England and Wales)

FINN & PERRY LIMITED

T/A

THOMAS BY TOM SIMMONS

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T F Simmons

Mrs L E Thomas

REGISTERED OFFICE:

3 & 5 Pontcanna Street

Cardiff

CF11 9HQ

REGISTERED NUMBER:

12226887 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

422,880

459,328

Investments

5

45

-

422,925

459,328

CURRENT ASSETS

Stocks

21,014

16,445

Debtors

6

278,628

172,320

Cash at bank and in hand

87,747

162,701

387,389

351,466

CREDITORS

Amounts falling due within one year

7

453,137

379,063

NET CURRENT LIABILITIES

(65,748

)

(27,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

357,177

431,731

CREDITORS

Amounts falling due after more than one year

8

(246,782

)

(242,970

)

PROVISIONS FOR LIABILITIES

9

(85,529

)

(63,115

)

NET ASSETS

24,866

125,646

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

24,864

125,644

SHAREHOLDERS' FUNDS

24,866

125,646

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Mr T F Simmons - Director

1.	STATUTORY INFORMATION

Finn & Perry 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.

Tangible fixed assets

Freehold property improvements are being depreciated on a straight line basis over a range of 3-15 years depending on the asset.

Motor vehicles are being depreciated on a straight line basis to their residual value, this period varies depending on cost.

Plant & machinery assets are being depreciated on a straight line basis over a period of 5 years.

Investments in associates

Investments in associate undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

296,921

228,582

114,421

639,924

Additions

16,009

26,518

49,747

92,274

Disposals

-

-

(56,525

)

(56,525

)

At 31 December 2024

312,930

255,100

107,643

675,673

DEPRECIATION

At 1 January 2024

70,280

94,184

16,132

180,596

Charge for year

22,490

48,319

13,840

84,649

Eliminated on disposal

-

-

(12,452

)

(12,452

)

At 31 December 2024

92,770

142,503

17,520

252,793

NET BOOK VALUE

At 31 December 2024

220,160

112,597

90,123

422,880

At 31 December 2023

226,641

134,398

98,289

459,328

5.	FIXED ASSET INVESTMENTS

Interest in

associate

£

COST

Additions

45

At 31 December 2024

45

NET BOOK VALUE

At 31 December 2024

45

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

16,446

34,654

Other debtors

262,182

137,666

278,628

172,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

24,450

21,395

Hire purchase contracts

31,826

28,127

Trade creditors

125,732

109,564

Taxation and social security

125,371

73,903

Other creditors

145,758

146,074

453,137

379,063

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

85,451

60,889

Hire purchase contracts

103,671

132,081

Other creditors

57,660

50,000

246,782

242,970

DBW Investments Limited has a fixed and floating charge which covers all property and undertaking of the company, and contains a negative pledge.

Included within creditors are assets held under hire purchase contracts which are secured over the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

85,529

63,115

Deferred tax

£

Balance at 1 January 2024

63,115

Provided during year

22,414

Balance at 31 December 2024

85,529

10.	RELATED PARTY DISCLOSURES

At the year end the company was owed £87,326 (2023: £73,222) by two companies in which the directors have a significant interest.