REGISTERED NUMBER: SC380228 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

C & J Thomson Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Thomson

Mrs J Thomson

Miss C J Thomson

Ms S D Milne

REGISTERED OFFICE:

Rylands

Banchory Devenick

Kincardineshire

AB12 5YD

REGISTERED NUMBER:

SC380228 (Scotland)

ACCOUNTANTS:

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

FIXED ASSETS

Intangible assets

5

2,775

4,995

Tangible assets

6

163,783

214,774

166,558

219,769

CURRENT ASSETS

Stocks

5,600

5,600

Debtors

7

46,620

56,294

Cash at bank and in hand

762,356

685,034

814,576

746,928

CREDITORS

Amounts falling due within one year

8

280,670

194,021

NET CURRENT ASSETS

533,906

552,907

TOTAL ASSETS LESS CURRENT LIABILITIES

700,464

772,676

PROVISIONS FOR LIABILITIES

33,854

45,519

NET ASSETS

666,610

727,157

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

666,510

727,057

SHAREHOLDERS' FUNDS

666,610

727,157

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 12 December 2025 and were signed on its behalf by:

Mr C Thomson - Director

1.	STATUTORY INFORMATION

C & J Thomson Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2014, 2015 and 2016, is being amortised evenly over its estimated useful life of ten years.

Goodwill is initially measured at cost. After initial recognition, it is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Improvements to Property - 15% on reducing balance

Plant & Machinery - 20% on reducing balance

Fixtures & Fittings - 20% on reducing balance

Motor Vehicles - 25% on reducing balance

Inventories

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 26 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

22,200

AMORTISATION

At 1 April 2024

17,205

Charge for year

2,220

At 31 March 2025

19,425

NET BOOK VALUE

At 31 March 2025

2,775

At 31 March 2024

4,995

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

371,037

Additions

5,224

Disposals

(38,959

)

At 31 March 2025

337,302

DEPRECIATION

At 1 April 2024

156,263

Charge for year

47,394

Eliminated on disposal

(30,138

)

At 31 March 2025

173,519

NET BOOK VALUE

At 31 March 2025

163,783

At 31 March 2024

214,774

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

85,000

Transfer to ownership

(85,000

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

1,771

Charge for year

5,202

Transfer to ownership

(6,973

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

83,229

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

46,620

56,294

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

51,440

Trade creditors

51,577

50,842

Taxation and social security

101,257

73,732

Other creditors

127,836

18,007

280,670

194,021

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

51,440

Non-cancellable

operating leases

2025

2024

£

£

Within one year

-

20,000