REGISTERED NUMBER: 05804989 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

A THOMPSON MOTOR BODIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

174,419

131,760

CURRENT ASSETS

Stocks

5

8,088,992

5,389,359

Debtors

6

2,109,016

1,685,452

Cash at bank and in hand

889,900

1,077,567

11,087,908

8,152,378

CREDITORS

Amounts falling due within one year

7

3,036,352

1,446,014

NET CURRENT ASSETS

8,051,556

6,706,364

TOTAL ASSETS LESS CURRENT LIABILITIES

8,225,975

6,838,124

CREDITORS

Amounts falling due after more than one year

8

2,072,477

1,760,268

NET ASSETS

6,153,498

5,077,856

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

6,153,486

5,077,844

6,153,498

5,077,856

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

G S Bhandal - Director

1.	STATUTORY INFORMATION

A Thompson Motor Bodies Limited is a private company, limited by shares, registered in England and Wales, registered number 05804989. Its registered office is Churchbridge, Oldbury, West Midlands, England, B69 2AS.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 10% on cost

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value as follows:

Consumables - purchase cost on a first in, first out basis.

Work in progress - the cost of direct expenditure including labour.

Goods for resale - purchase cost less provision for anticipated and actual losses on sale where applicable.

Financial instruments

Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts or payments discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

381,789

Additions

115,893

Disposals

(56,352

)

At 31 March 2025

441,330

DEPRECIATION

At 1 April 2024

250,029

Charge for year

62,065

Eliminated on disposal

(45,183

)

At 31 March 2025

266,911

NET BOOK VALUE

At 31 March 2025

174,419

At 31 March 2024

131,760

5.

STOCKS

31.3.25

31.3.24

£

£

Goods for resale

8,064,242

5,360,359

Raw materials

13,250

12,250

Work-in-progress

6,250

9,500

Finished goods

5,250

7,250

8,088,992

5,389,359

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,464,106

1,653,735

Other debtors

644,910

31,717

2,109,016

1,685,452

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

2,153

Hire purchase contracts

1,518,487

26,533

Trade creditors

511,923

429,482

Taxation and social security

456,699

552,408

Other creditors

549,243

435,438

3,036,352

1,446,014

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

2,072,477

1,760,268

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

-

2,153

Hire purchase contracts

3,590,964

1,786,801

3,590,964

1,788,954

The bank loan is secured by a fixed and floating charge over the company's assets.

The hire purchase contracts are secured against the assets acquired.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

B Singh

Balance outstanding at start of year

25,944

25,944

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,944

25,944

G S Bhandal

Balance outstanding at start of year

(136,657

)

60,881

Amounts advanced

278,424

737,368

Amounts repaid

(400,758

)

(934,906

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(258,991

)

(136,657

)

The above amounts were unsecured, interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

The company trades from a property in which one of the directors has an interest. No rent is paid for the use of this property.