REGISTERED NUMBER: SC273770 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

J & W Thomson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J W A Thomson

Mr W D Thomson

REGISTERED OFFICE:

Cairniewhing

96 Kingsfield Road

Kintore

AB51 0UD

REGISTERED NUMBER:

SC273770 (Scotland)

ACCOUNTANTS:

BW Accountancy Services Limited

25a Market Place

Inverurie

AB51 3PU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,810

26,062

32,810

26,062

CURRENT ASSETS

Stocks

1,100

1,100

Debtors

6

34,310

31,647

Cash at bank and in hand

34,126

45,144

69,536

77,891

CREDITORS

Amounts falling due within one year

7

41,216

63,327

NET CURRENT ASSETS

28,320

14,564

TOTAL ASSETS LESS CURRENT LIABILITIES

61,130

40,626

CREDITORS

Amounts falling due after more than one year

8

(26,336

)

(26,225

)

PROVISIONS FOR LIABILITIES

(5,992

)

-

NET ASSETS

28,802

14,401

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,702

14,301

28,802

14,401

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

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

Mr J W A Thomson - Director

1.	STATUTORY INFORMATION

J & W Thomson Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

56,000

Disposals

(56,000

)

At 31 October 2024

-

AMORTISATION

At 1 November 2023

56,000

Eliminated on disposal

(56,000

)

At 31 October 2024

-

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

310

68,199

1,132

69,641

Additions

-

20,995

-

20,995

Disposals

-

(38,230

)

-

(38,230

)

At 31 October 2024

310

50,964

1,132

52,406

DEPRECIATION

At 1 November 2023

104

43,100

375

43,579

Charge for year

51

10,695

189

10,935

Eliminated on disposal

-

(34,918

)

-

(34,918

)

At 31 October 2024

155

18,877

564

19,596

NET BOOK VALUE

At 31 October 2024

155

32,087

568

32,810

At 31 October 2023

206

25,099

757

26,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

28,444

28,397

Other debtors

5,866

3,250

34,310

31,647

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

8,239

-

Hire purchase contracts

10,950

21,643

Taxation and social security

19,214

39,621

Other creditors

2,813

2,063

41,216

63,327

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

10,986

26,225

Hire purchase contracts

15,350

-

26,336

26,225

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W Thomson & Mr J Thomson, who between them own 90% of the share capital.