Susan Thomas & Associates Limited

Registered number

05218405

Filleted Accounts

31 August 2025

Susan Thomas & Associates Limited
Registered number:		05218405
Balance Sheet
as at 31 August 2025

Notes			2025		2024
			£		£
Fixed assets
Tangible assets	5		2,778		2,414

Current assets
Debtors	6	2,852		5,726
Cash at bank and in hand		148,620		133,218
		151,472		138,944

Creditors: amounts falling due within one year	7	(13,273)		(13,039)

Net current assets			138,199		125,905

Net assets			140,977		128,319

Capital and reserves
Called up share capital			1		1
Profit and loss account			140,976		128,318

Shareholder's funds			140,977		128,319

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Susan Thomas
Director
Approved by the board on 15 December 2025

Susan Thomas & Associates Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Bicycle	25% reducing balance
	Plant and machinery	50% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Cash at bank and in hand
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Judgements and key sources of estimation uncertainty

	In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1

4	Intangible fixed assets				£
	Goodwill:
	Cost
	At 1 September 2024				7,000
	At 31 August 2025				7,000

	Amortisation
	At 1 September 2024				7,000
	At 31 August 2025				7,000

	Net book value
	At 31 August 2025				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


5	Tangible fixed assets
		Plant and machinery etc	Fixtures and fittings		Total
		£	£		£
	Cost
	At 1 September 2024	9,212	13,466		22,678
	Additions	1,509	-		1,509
	At 31 August 2025	10,721	13,466		24,187

	Depreciation
	At 1 September 2024	8,574	11,690		20,264
	Charge for the year	701	444		1,145
	At 31 August 2025	9,275	12,134		21,409

	Net book value
	At 31 August 2025	1,446	1,332		2,778
	At 31 August 2024	638	1,776		2,414




6	Debtors		2025		2024
£				£

	Trade debtors		2,852		5,726


7	Creditors: amounts falling due within one year		2025		2024
£				£

	Accruals		1,408		1,341
	Corporation tax		4,619		5,309
	Taxation and social security costs		291		291
	Other creditors		6,955		6,098
			13,273		13,039

8	Related party transactions

	The director operates a loan account with the company on an interest free basis. At the beginning of the year the director was owed £6,098 by the company. At the year end the director was owed £6,955 by the company.



9	Other information

	Susan Thomas & Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Accountax House
	420a Streatham High Road
	Streatham
	England
	SW16 3SN