S. J. Thompson (Builders) Limited 31/12/2024 iXBRL

Company registration number: 03313092

S. J. Thompson (Builders) Limited

Unaudited filleted financial statements

31 December 2024

S. J. Thompson (Builders) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

S. J. Thompson (Builders) Limited

Directors and other information


	Directors
		Mr A Harris
		Mrs C Harris


	Company number	03313092


	Registered office	5 Bury Mead Road
		Hitchin
		Hertfordshire
		SG5 1RT


	Accountants	Hicks and Company
		Chartered Accountants
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ




	Bankers	HSBC
		1 Market Place
		Hitchin
		Hertfordshire
		SG5 1DR

S. J. Thompson (Builders) Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of S. J. Thompson (Builders) Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S. J. Thompson (Builders) Limited for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of S. J. Thompson (Builders) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of S. J. Thompson (Builders) Limited and state those matters that we have agreed to state to the board of directors of S. J. Thompson (Builders) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S. J. Thompson (Builders) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that S. J. Thompson (Builders) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S. J. Thompson (Builders) Limited. You consider that S. J. Thompson (Builders) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S. J. Thompson (Builders) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

11 September 2025

S. J. Thompson (Builders) Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	208,673		151,248
		_______		_______
			208,673		151,248

Current assets
Stocks		80,000		708,515
Debtors	6	1,004,315		135,625
Cash at bank and in hand		390,542		359,403
		_______		_______
		1,474,857		1,203,543
Creditors: amounts falling due
within one year	7	( 676,427)		( 284,179)
		_______		_______
Net current assets			798,430		919,364
			_______		_______
Total assets less current liabilities			1,007,103		1,070,612


Provisions for liabilities			( 14,894)		( 6,585)

			_______		_______
Net assets			992,209		1,064,027
			_______		_______

Capital and reserves
Called up share capital			77		108
Capital redemption reserve			76		45
Profit and loss account			992,056		1,063,874
			_______		_______
Shareholders funds			992,209		1,064,027
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

Mr A Harris

Director

Company registration number: 03313092

S. J. Thompson (Builders) Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£


At 1 January 2023	153	-	1,383,489	1,383,642

Profit for the year			120,619	120,619
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	120,619	120,619

Redemption of shares	( 45)	45	( 440,234)	( 440,234)
	_______	_______	_______	_______
Total investments by and distributions to owners	( 45)	45	( 440,234)	( 440,234)

	_______	_______	_______	_______
At 31 December 2023 and 1 January 2024	108	45	1,063,874	1,064,027

Profit for the year			232,438	232,438
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	232,438	232,438

Dividends paid and payable			( 982)	( 982)
Redemption of shares	( 31)	31	( 303,274)	( 303,274)
	_______	_______	_______	_______
Total investments by and distributions to owners	( 31)	31	( 304,256)	( 304,256)

	_______	_______	_______	_______
At 31 December 2024	77	76	992,056	992,209
	_______	_______	_______	_______

S. J. Thompson (Builders) Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Bury Mead Road, Hitchin, Hertfordshire, SG5 1RT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Over the lease term
Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2023: 14 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	208,116	8,813	211,253	428,182
Additions	29,360	-	55,492	84,852
Disposals	-	-	( 30,390)	( 30,390)
	_______	_______	_______	_______
At 31 December 2024	237,476	8,813	236,355	482,644
	_______	_______	_______	_______
Depreciation
At 1 January 2024	83,207	8,744	184,983	276,934
Charge for the year	5,173	10	19,841	25,024
Disposals	-	-	( 27,987)	( 27,987)
	_______	_______	_______	_______
At 31 December 2024	88,380	8,754	176,837	273,971
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	149,096	59	59,518	208,673
	_______	_______	_______	_______
At 31 December 2023	124,909	69	26,270	151,248
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	992,843	121,767
Other debtors	11,472	13,858
	_______	_______
	1,004,315	135,625
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	438,380	69,229
Corporation tax	72,911	42,182
Social security and other taxes	134,352	42,212
Other creditors	30,784	130,556
	_______	_______
	676,427	284,179
	_______	_______

8. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	39	39
Later than 1 year and not later than 5 years	156	156
Later than 5 years	884	923
	_______	_______
	1,079	1,118
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr S Webb	-	-	-	-
	Mr A Harris	( 105,361)	( 55,877)	158,093	( 3,145)
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr S Webb	( 115,347)	( 3,403)	118,750	-
	Mr A Harris	( 113,850)	( 5,014)	13,503	( 105,361)
		_______	_______	_______	_______
		( 229,197)	( 8,417)	132,253	( 105,361)
		_______	_______	_______	_______

10. Share capital

The company repurchased 45 Ordinary £1 shares from Mr S Webb and Mrs L Webb on 6 December 2023 for the total sum of £440,234. The company purchased a further 31 of its ordinary shares in January 2024 at a cost of £303,273