| Thompson Plastics Limited |
| Registered number: |
05655601 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
262 |
|
|
350 |
|
| Current assets |
| Stocks |
|
|
463 |
|
|
645 |
| Debtors |
4 |
|
25,388 |
|
|
19,807 |
| Cash at bank and in hand |
|
|
27,510 |
|
|
40,636 |
|
|
|
53,361 |
|
|
61,088 |
|
| Creditors: amounts falling due within one year |
5 |
|
(34,385) |
|
|
(28,071) |
|
| Net current assets |
|
|
|
18,976 |
|
|
33,017 |
|
| Total assets less current liabilities |
|
|
|
19,238 |
|
|
33,367 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(11,948) |
|
|
(22,438) |
|
|
|
| Net assets |
|
|
|
7,290 |
|
|
10,929 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20,000 |
|
|
20,000 |
| Profit and loss account |
|
|
|
(12,710) |
|
|
(9,071) |
|
| Shareholders' funds |
|
|
|
7,290 |
|
|
10,929 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| I.N. Thompson |
| Director |
| Approved by the board on 18 September 2025 |
|
| Thompson Plastics Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over thie estimated useful lives. |
|
|
Plant and machinery |
Varying rates 10% to 50% on cost |
|
Motor vehicles |
Varying rates 10% to 50% on cost |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substanially all of the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
19,406 |
|
20,483 |
|
39,889 |
|
At 31 December 2024 |
19,406 |
|
20,483 |
|
39,889 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
19,255 |
|
20,284 |
|
39,539 |
|
Charge for the year |
38 |
|
50 |
|
88 |
|
At 31 December 2024 |
19,293 |
|
20,334 |
|
39,627 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
113 |
|
149 |
|
262 |
|
At 31 December 2023 |
151 |
|
199 |
|
350 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
23,594 |
|
18,013 |
|
Other debtors |
1,794 |
|
1,794 |
|
|
|
|
|
|
25,388 |
|
19,807 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
17,682 |
|
10,099 |
|
Other taxes and social security costs |
5,853 |
|
6,085 |
|
Other creditors |
10,850 |
|
11,887 |
|
|
|
|
|
|
34,385 |
|
28,071 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
11,948 |
|
22,438 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
Thompson Plastics Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
371 Selsdon Road |
|
South Croydon |
|
Surrey |
|
CR2 6PT |