REGISTERED NUMBER: 08191791 (England and Wales)

THOMAS COOMBS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

S M Adam FCA

C J Darwin FCA

T Bond ACA

J Mitchell ACA

S Pullan ACCA

REGISTERED OFFICE:

3365 The Pentagon

Century Way

Thorpe Park

Leeds

LS15 8ZB

REGISTERED NUMBER:

08191791 (England and Wales)

ACCOUNTANTS:

Thomas Coombs Limited

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

FIXED ASSETS

Intangible assets

4

595,600

637,900

Tangible assets

5

34,755

17,657

630,355

655,557

CURRENT ASSETS

Debtors

6

1,075,316

809,225

Cash at bank and in hand

61,007

1

1,136,323

809,226

CREDITORS

Amounts falling due within one year

7

733,730

662,591

NET CURRENT ASSETS

402,593

146,635

TOTAL ASSETS LESS CURRENT LIABILITIES

1,032,948

802,192

CREDITORS

Amounts falling due after more than one year

8

(668,332

)

(482,687

)

PROVISIONS FOR LIABILITIES

(8,104

)

(4,139

)

NET ASSETS

356,512

315,366

CAPITAL AND RESERVES

Called up share capital

10

400

400

Retained earnings

356,112

314,966

SHAREHOLDERS' FUNDS

356,512

315,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 15th September 2025 and were signed on its behalf by:

S M Adam FCA - Director

C J Darwin FCA - Director

T Bond ACA - Director

1.	STATUTORY INFORMATION

Thomas Coombs 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £..

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and disbursements, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a trade in 2019 is amortised over its estimated useful economic life (UEL). The carry value of the goodwill will be amortised evenly over the remaining UEL, twenty years from the date of acquisition.

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.

Tangible fixed assets

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 and 25% on cost

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.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

1,020,000

AMORTISATION

At 1st January 2024

382,100

Charge for year

42,300

At 31st December 2024

424,400

NET BOOK VALUE

At 31st December 2024

595,600

At 31st December 2023

637,900

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

118,816

Additions

32,129

At 31st December 2024

150,945

DEPRECIATION

At 1st January 2024

101,159

Charge for year

15,031

At 31st December 2024

116,190

NET BOOK VALUE

At 31st December 2024

34,755

At 31st December 2023

17,657

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

332,242

309,825

Amounts recoverable on

contract

447,872

483,882

Other debtors

295,202

15,518

1,075,316

809,225

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

77,989

Trade creditors

40,194

13,906

Taxation and social security

317,897

301,229

Other creditors

375,639

269,467

733,730

662,591

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

69,445

Other creditors

668,332

413,242

668,332

482,687

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

-

22,433

Bank loans

-

125,001

Other loans

807,400

-

807,400

147,434

The bank overdraft, loans and other loans are secured by a fixed and floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

300

A,B,C Ordinary

£1

300

300

100

D Ordinary

£1

100

100

400

400

The rights of the different classes of share capital are set out in the Articles of Association of the company.