REGISTERED NUMBER: 07107278 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Thompsons Food Service Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Thompson

Mr E Thompson

Mrs T Thompson

REGISTERED OFFICE:

Nelsons Yard

South Denes Road

Great Yarmouth

Norfolk

NR30 3PR

REGISTERED NUMBER:

07107278 (England and Wales)

ACCOUNTANTS:

MLA Advisory

Unit D10 Upper Lounge,

Pinetrees road

Norwich

Norfolk

NR7 9BB

FIXED ASSETS

Intangible assets

4

10,000

12,000

Tangible assets

5

2,821,166

749,467

2,831,166

761,467

CURRENT ASSETS

Stocks

560,500

350,500

Debtors

6

520,207

549,371

Cash at bank and in hand

367,152

839,312

1,447,859

1,739,183

CREDITORS

Amounts falling due within one year

7

563,032

813,326

NET CURRENT ASSETS

884,827

925,857

TOTAL ASSETS LESS CURRENT LIABILITIES

3,715,993

1,687,324

CREDITORS

Amounts falling due after more than one year

8

(1,612,181

)

(122,233

)

PROVISIONS FOR LIABILITIES

(70,547

)

(46,166

)

NET ASSETS

2,033,265

1,518,925

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

2,033,162

1,518,822

SHAREHOLDERS' FUNDS

2,033,265

1,518,925

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

Mr R Thompson - Director

1.	STATUTORY INFORMATION

Thompsons Food Service Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance and 25% on cost

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 Income Statement, 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 27 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

40,000

AMORTISATION

At 1 January 2024

28,000

Charge for year

2,000

At 31 December 2024

30,000

NET BOOK VALUE

At 31 December 2024

10,000

At 31 December 2023

12,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

469,688

709,213

1,178,901

Additions

1,952,832

255,007

2,207,839

Disposals

-

(6,220

)

(6,220

)

At 31 December 2024

2,422,520

958,000

3,380,520

DEPRECIATION

At 1 January 2024

-

429,434

429,434

Charge for year

-

132,358

132,358

Eliminated on disposal

-

(2,438

)

(2,438

)

At 31 December 2024

-

559,354

559,354

NET BOOK VALUE

At 31 December 2024

2,422,520

398,646

2,821,166

At 31 December 2023

469,688

279,779

749,467

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

429,143

461,530

Other debtors

41,261

38,038

470,404

499,568

Amounts falling due after more than one year:

Amounts owed by group undertakings

49,803

49,803

Aggregate amounts

520,207

549,371

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

117,288

326,098

Hire purchase contracts

54,395

25,903

Trade creditors

370,518

248,923

Taxation and social security

5,236

209,151

Other creditors

15,595

3,251

563,032

813,326

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,480,418

61,643

Hire purchase contracts

131,763

60,590

1,612,181

122,233

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,480,418

61,643