Thomsons UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC214778

Thomsons UK Limited

Filleted Unaudited Financial Statements

31 January 2025

Thomsons UK Limited

Financial Statements

Year ended 31 January 2025

Contents	Page

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Thomsons UK Limited	1

Statement of financial position	2

Notes to the financial statements	4

Thomsons UK Limited

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Thomsons UK Limited

Year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thomsons UK Limited for the year ended 31 January 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Thomsons UK Limited in accordance with the terms of our engagement letter dated 19 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Thomsons UK Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thomsons UK Limited and its director for our work or for this report.

It is your duty to ensure that Thomsons UK 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 Thomsons UK Limited. You consider that Thomsons UK 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 Thomsons UK 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.

RITSONS Chartered Accountants

103 HIGH STREET FORRES MORAY IV36 1AA

25 September 2025

Thomsons UK Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		1,401,892	867,439

Current assets

Stocks		1,275	1,215
Debtors	7	5,000	5,000
Cash at bank and in hand		144,273	280,540
		---------	---------
		150,548	286,755

Creditors: amounts falling due within one year	8	207,624		109,595
		---------		---------
Net current (liabilities)/assets			( 57,076)	177,160
			------------	------------
Total assets less current liabilities			1,344,816	1,044,599

Creditors: amounts falling due after more than one year	9	383,900	201,594
		------------	------------
Net assets		960,916	843,005
		------------	------------

Thomsons UK Limited

Statement of Financial Position (continued)

31 January 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	959,916	842,005
	---------	---------
Shareholders funds	960,916	843,005
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr Graham S Thomson
Director

Company registration number: SC214778

Thomsons UK Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 24 Church Street, Inverness, Highland, IV1 1QA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Freehold Property	-	2% straight line
Tenants Improvements	-	10% straight line
Plant & Machinery	-	15% reducing balance
Office Equipment	-	25% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks of land for development are valued at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 16 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 February 2024 and 31 January 2025	57,500
	--------
Amortisation
At 1 February 2024 and 31 January 2025	57,500
	--------
Carrying amount
At 31 January 2025	–
	--------
At 31 January 2024	–
	--------

6. Tangible assets

	Freehold property	Long leasehold property	Short leasehold property	Plant and machinery	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2024	613,581	317,111	65,000	95,687	14,516	1,105,895
Additions	2,362	527,584	–	24,284	3,150	557,380
	---------	---------	--------	---------	--------	------------
At 31 Jan 2025	615,943	844,695	65,000	119,971	17,666	1,663,275
	---------	---------	--------	---------	--------	------------
Depreciation
At 1 Feb 2024	100,464	–	65,000	59,858	13,134	238,456
Charge for the year	12,319	–	–	9,017	1,591	22,927
	---------	---------	--------	---------	--------	------------
At 31 Jan 2025	112,783	–	65,000	68,875	14,725	261,383
	---------	---------	--------	---------	--------	------------
Carrying amount
At 31 Jan 2025	503,160	844,695	–	51,096	2,941	1,401,892
	---------	---------	--------	---------	--------	------------
At 31 Jan 2024	513,117	317,111	–	35,829	1,382	867,439
	---------	---------	--------	---------	--------	------------

7. Debtors

	2025	2024
	£	£
Other debtors	5,000	5,000
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	64,217	39,779
Trade creditors	12,009	14,451
Corporation tax	35,785	28,950
Social security and other taxes	13,138	10,147
Other creditors - Now Pensions	2,120	1,806
Other creditors	80,355	14,462
	---------	---------
	207,624	109,595
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	383,900	201,594
	---------	---------

10. Director's advances, credits and guarantees

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

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Graham S Thomson	( 10)	–	( 74,671)	( 74,681)
	----	----	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Graham S Thomson	( 300)	2,306	( 2,016)	( 10)
	----	-------	-------	----