REGISTERED NUMBER: OC392088 (England and Wales)

GUY THOMAS & CO LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr M G Thomas

Mr R J Ormond

REGISTERED OFFICE:

33 Main Street

Pembroke

Pembrokeshire

SA71 4JS

REGISTERED NUMBER:

OC392088 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

50 Queen Street

Pembroke Dock

Pembrokeshire

SA72 6JE

FIXED ASSETS

Tangible assets

4

26,731

20,263

CURRENT ASSETS

Stocks

1,075

800

Debtors

5

38,416

30,607

Cash at bank and in hand

184,832

177,243

224,323

208,650

CREDITORS

Amounts falling due within one year

6

22,482

15,371

NET CURRENT ASSETS

201,841

193,279

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

228,572

213,542

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

121,357

106,327

MEMBERS' OTHER INTERESTS

Capital accounts

107,215

107,215

228,572

213,542

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

121,357

106,327

Members' other interests

107,215

107,215

228,572

213,542

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 December 2025 and were signed by:

Mr M G Thomas - Designated member

Mr R J Ormond - Designated member

1.	STATUTORY INFORMATION

Guy Thomas & Co LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

13,380

45,590

10,491

69,461

Additions

-

16,145

-

16,145

Disposals

-

(7,670

)

-

(7,670

)

At 31 March 2025

13,380

54,065

10,491

77,936

DEPRECIATION

At 1 April 2024

13,360

26,797

9,041

49,198

Charge for year

5

8,542

362

8,909

Eliminated on disposal

-

(6,902

)

-

(6,902

)

At 31 March 2025

13,365

28,437

9,403

51,205

NET BOOK VALUE

At 31 March 2025

15

25,628

1,088

26,731

At 31 March 2024

20

18,793

1,450

20,263

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,045

29,340

Other debtors

2,371

1,267

38,416

30,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,983

2,248

Taxation and social security

14,247

10,923

Other creditors

5,252

2,200

22,482

15,371

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

121,357

106,327

Falling due within one year

121,357

106,327

Loans and other debts due to members will only be repaid once all other liabilities have been met.