REGISTERED NUMBER: 08007737 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Thompson Convenience Stores (Walbottle)

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Michael John Thompson

Mrs Angela Margot Thompson

REGISTERED OFFICE:

Unit 7

Bankside

The Watermark

Gateshead

Tyne and Wear

NE11 9SY

REGISTERED NUMBER:

08007737 (England and Wales)

ACCOUNTANTS:

Flannagans - Gateshead

7 Bankside

The Watermark

Gateshead

NE11 9SY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3

561

3

561

CURRENT ASSETS

Stocks

31,820

26,898

Debtors

6

64,043

47,652

Cash at bank and in hand

282,316

268,639

378,179

343,189

CREDITORS

Amounts falling due within one year

7

91,292

109,616

NET CURRENT ASSETS

286,887

233,573

TOTAL ASSETS LESS CURRENT LIABILITIES

286,890

234,134

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

286,888

234,132

SHAREHOLDERS' FUNDS

286,890

234,134

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 31 October 2025 and were signed on its behalf by:

Mr Michael John Thompson - Director

Mrs Angela Margot Thompson - Director

1.	STATUTORY INFORMATION

Thompson Convenience Stores (Walbottle) 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 2012, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery etc

-

15% 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.

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 8 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

106,000

AMORTISATION

At 1 April 2024

and 31 March 2025

106,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

18,935

DEPRECIATION

At 1 April 2024

18,374

Charge for year

558

At 31 March 2025

18,932

NET BOOK VALUE

At 31 March 2025

3

At 31 March 2024

561

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

884

474

Amounts owed by group undertakings

50,941

47,178

51,825

47,652

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

12,218

-

Aggregate amounts

64,043

47,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

30,477

28,466

Taxation and social security

24,951

34,894

Other creditors

35,864

46,256

91,292

109,616

8.	HEAD OFFICE

Amount due from Thompson Convenience Stores (Holdings) Ltd £50,941

9.	DIRECTORS LOAN ACCOUNT

Amount due from Thompson Convenience Stores (Walbottle) Ltd £34,600 is an interest free loan to the company which is repayable on demand.