REGISTERED NUMBER: 00066322 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THOMAS GAMESON & SONS,LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L K Gameson

H Gameson

C M L Allen

REGISTERED OFFICE:

Alpha Works

Delta Way

Bridgtown

Cannock

Staffordshire

WS11 0DJ

REGISTERED NUMBER:

00066322 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

4,500

6,000

Tangible assets

5

160,866

121,574

Fixed Asset Investments

6

3

3

165,369

127,577

CURRENT ASSETS

Stocks

237,858

228,270

Debtors

7

405,378

242,259

Cash at bank and in hand

593

229

643,829

470,758

CREDITORS

Amounts falling due within one year

8

269,441

212,861

NET CURRENT ASSETS

374,388

257,897

TOTAL ASSETS LESS CURRENT LIABILITIES

539,757

385,474

CREDITORS

Amounts falling due after more than one year

9

46,460

115,354

NET ASSETS

493,297

270,120

CAPITAL AND RESERVES

Called up share capital

17,937

17,937

Retained earnings

475,360

252,183

SHAREHOLDERS' FUNDS

493,297

270,120

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

L K Gameson - Director

1.	STATUTORY INFORMATION

Thomas Gameson & Sons,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.

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 2018, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

5% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Assets under construction

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 14 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

15,000

Amortisation

At 1 April 2024

9,000

Charge for year

1,500

At 31 March 2025

10,500

Net book value

At 31 March 2025

4,500

At 31 March 2024

6,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 April 2024

62,336

262,915

17,348

Additions

-

24,065

-

At 31 March 2025

62,336

286,980

17,348

Depreciation

At 1 April 2024

57,214

167,696

14,667

Charge for year

119

17,429

1,466

At 31 March 2025

57,333

185,125

16,133

Net book value

At 31 March 2025

5,003

101,855

1,215

At 31 March 2024

5,122

95,219

2,681

Assets

Motor

under

vehicles

construction

Totals

£

£

£

Cost

At 1 April 2024

224,522

-

567,121

Additions

8,000

34,107

66,172

At 31 March 2025

232,522

34,107

633,293

Depreciation

At 1 April 2024

205,970

-

445,547

Charge for year

7,866

-

26,880

At 31 March 2025

213,836

-

472,427

Net book value

At 31 March 2025

18,686

34,107

160,866

At 31 March 2024

18,552

-

121,574

The net book value of assets held under finance leases or hire purchase contracts is £Nil (2024 - £Nil)

6.	FIXED ASSET INVESTMENTS

Shares in

subsidiary

companies

£

Cost

At 1 April 2024

and 31 March 2025

3

Net book value

At 31 March 2025

3

At 31 March 2024

3

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

376,959

196,899

Other debtors

28,419

45,360

405,378

242,259

At the year end the company was owed £4,797 (2024: £20,868,) from the director, included in other debtors. The maximum amount outstanding in the year was £20,868.

Interest was charged on this loan at HM Revenue, and Customs official rate of interest.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

99,070

107,491

Hire purchase contracts (see note 10)

5,627

5,325

Trade creditors

60,627

28,281

Taxation and social security

71,653

50,042

Other creditors

32,464

21,722

269,441

212,861

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

17,568

97,941

Hire purchase contracts (see note 10)

10,326

17,413

Other creditors

18,566

-

46,460

115,354

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

5,627

5,325

Between one and five years

10,326

17,413

15,953

22,738

Non-cancellable

operating leases

2025

2024

£

£

Within one year

12,252

7,459

Between one and five years

29,945

-

42,197

7,459

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

15,953

22,738

Amounts included in obligations under finance lease and hire purchase contracts are secured on the assets to which the hire purchase contract relates.

12.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. No contributions were outstanding at the balance sheet date.