Company No: 07637913 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,936		3,163
		6,936		3,163
Current assets
Stocks	4	32,623		32,462
Debtors	5	38,395		70,008
Cash at bank and in hand		1,584		580
		72,602		103,050
Creditors: amounts falling due within one year	6	( 79,052)		( 92,073)
Net current (liabilities)/assets		(6,450)		10,977
Total assets less current liabilities		486		14,140
Creditors: amounts falling due after more than one year	7	0		( 13,335)
Net assets		486		805
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		386		705
Total shareholders' funds		486		805

For the financial year ending 31 May 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 financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Thompson Composite Mouldings Limited (registered number: 07637913) were approved and authorised for issue by the Director on 10 November 2025. They were signed on its behalf by:

A Thompson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Thompson Composite Mouldings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	4		5

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 June 2024	49,195		2,500		0		51,695
Additions	4,695		0		368		5,063
At 31 May 2025	53,890		2,500		368		56,758
Accumulated depreciation
At 01 June 2024	47,087		1,445		0		48,532
Charge for the financial year	942		264		84		1,290
At 31 May 2025	48,029		1,709		84		49,822
Net book value
At 31 May 2025	5,861		791		284		6,936
At 31 May 2024	2,108		1,055		0		3,163

4. Stocks

	2025		2024
	£		£
Stocks	29,771		32,462
Work in progress	2,852		0
	32,623		32,462

5. Debtors

	2025		2024
	£		£
Trade debtors	16,351		31,077
Corporation tax	726		0
Other debtors	21,318		38,931
	38,395		70,008

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	25,127		21,511
Trade creditors	14,307		17,159
Corporation tax	0		7,096
Other taxation and social security	32,846		37,840
Other creditors	6,772		8,467
	79,052		92,073

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

	2025		2024
	£		£
Bank loans	0		13,335

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
95 Ordinary shares of £ 1.00 each	95		95
5 Ordinary B shares of £ 1.00 each	5		5
	100		100

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Key management	4,025		15,217

Interest has been charged at HMRC approved rate of 2.25%