REGISTERED NUMBER: 02032221 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Hilder

C S Smith

REGISTERED OFFICE:

Unit 15 Barnwell Business Park

Barnwell Drive

Cambridge

Cambridgeshire

CB5 8UZ

REGISTERED NUMBER:

02032221 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

29,254

14,446

CURRENT ASSETS

Stocks

41,456

18,751

Debtors

6

39,464

50,436

Cash and cash equivalents

146,753

201,989

227,673

271,176

CREDITORS

Amounts falling due within one year

7

(87,212

)

(147,800

)

NET CURRENT ASSETS

140,461

123,376

TOTAL ASSETS LESS CURRENT LIABILITIES

169,715

137,822

CREDITORS

Amounts falling due after more than one year

8

(2,000

)

(5,700

)

PROVISIONS FOR LIABILITIES

11

(7,314

)

(3,438

)

NET ASSETS

160,401

128,684

CAPITAL AND RESERVES

Called up share capital

12

102

102

Retained earnings

160,299

128,582

SHAREHOLDERS' FUNDS

160,401

128,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

D Hilder - Director

1.	STATUTORY INFORMATION

Thompson Electrical (Cambridge) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

Useful economic lives of tangible fixed assets:

Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed and amended when necessary to reflect the current estimates based on economic utilisation and physical condition of the assets.

Doubtful debts:

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors , management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

Turnover

Turnover represents the net invoiced provision of labour and represents electrical installation and repair services provided to trade and domestic customers net of value added tax.

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

-

15%, 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks represents raw materials and are valued at the lower of cost and net realisable value, after making due allowance for slowing and obsolete items.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first forseen.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

102,027

Additions

23,244

At 31 January 2025

125,271

DEPRECIATION

At 1 February 2024

87,581

Charge for year

8,436

At 31 January 2025

96,017

NET BOOK VALUE

At 31 January 2025

29,254

At 31 January 2024

14,446

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,064

50,436

Other debtors

1,400

-

39,464

50,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

3,700

3,600

Trade creditors

16,172

23,799

Taxation and social security

34,448

63,982

Other creditors

32,892

56,419

87,212

147,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

2,000

5,700

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

3,700

3,600

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,000

5,700

Amounts included in loans and overdrafts represents amounts repayable in respect of a Bounce Back Loan.

10.	SECURED DEBTS

Liabilities held under hire agreements are secured against the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

7,314

3,438

Deferred

tax

£

Balance at 1 February 2024

3,438

Provided during year

3,876

Rate movement

Balance at 31 January 2025

7,314

Deferred tax has been recognised in respect of the excess of capital allowances over depreciation.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

102

Ordinary

£1

102

102

13.	OTHER FINANCIAL COMMITMENTS

The company has an annual commitment of £8,292 in relation to the rental of commercial property.

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

C S Smith

Balance outstanding at start of year

-

-

Amounts advanced

1,400

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,400

-

15.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan due a director amounting to £25,642 (2024: £39,481) Interest at 6% amounting to £1,451 (2024:£1,518) has been charged to the financial statements. This loan is unsecured and repayable on demand.