Registration number: 06670964

Thomas Motor Repairs Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Thomas Motor Repairs Limited

(Registration number: 06670964)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	12,842	13,181
Investment property	5	620,136	620,136
		632,978	633,317
Current assets
Stocks	6	8,546	9,900
Debtors	7	20,509	12,254
Cash at bank and in hand		164,314	83,246
		193,369	105,400
Creditors: Amounts falling due within one year	8	(90,961)	(72,931)
Net current assets		102,408	32,469
Total assets less current liabilities		735,386	665,786
Provisions for liabilities		(13,721)	(13,721)
Net assets		721,665	652,065
Capital and reserves
Called up share capital		101	101
Revaluation reserve		58,494	58,494
Retained earnings		663,070	593,470
Shareholders' funds		721,665	652,065

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 November 2025
 

Thomas Motor Repairs Limited

(Registration number: 06670964)
Balance Sheet as at 31 August 2025

......................................... M D Thomas Director

Thomas Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5, Frome Agricultural Centre
Standerwick
Frome
Somerset
BA11 2PL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Thomas Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance and 25% on cost
Motor vehicles	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Thomas Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Thomas Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	12,563	46,635	59,198
Additions	4,195	-	4,195
At 31 August 2025	16,758	46,635	63,393
Depreciation
At 1 September 2024	9,177	36,840	46,017
Charge for the year	2,085	2,449	4,534
At 31 August 2025	11,262	39,289	50,551
Net book value
At 31 August 2025	5,496	7,346	12,842
At 31 August 2024	3,386	9,795	13,181

5	Investment properties

	2025 £
At 1 September 2022	620,136
At 31 August 2023	620,136

The investment properties have been valued to a fair value by the director.

6

Stocks

	2025 £	2024 £
Stock and work in progress	8,546	9,900

Thomas Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Debtors

	2025 £	2024 £
Trade debtors	16,751	8,609
Other debtors	3,758	3,645
	20,509	12,254

8

Creditors

Amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	10,890	11,535
Taxation and social security	53,976	49,963
Accruals and deferred income	2,990	2,770
Other creditors	23,105	8,663
	90,961	72,931