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Registrar

Registration number: 04767803

Pleass Thomson & Company Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

Pleass Thomson & Company Limited

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4 to 8

Pleass Thomson & Company Limited

Company Information

Directors | J C Pleass C L Hodgson

Company secretary | H Pleass

Registered office | 91 -93 Rosemary Road West Clacton on Sea Essex CO15 1EP

Bankers | Barclays Bank Plc PO Box No 480 Clacton-On-Sea Essex C015 1RZ

Accountants | Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Pleass Thomson & Company Limited

(Registration number: 04767803)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 10,760 | 13,089
Current assets |  |  |
Debtors | 6 | 245,939 | 271,502
Cash at bank and in hand |  | 78,913 | 41,650
|  | 324,852 | 313,152
Creditors: Amounts falling due within one year | 7 | (102,456) | (117,154)
Net current assets |  | 222,396 | 195,998
Total assets less current liabilities |  | 233,156 | 209,087
Provisions for liabilities |  | (2,690) | (3,272)
Net assets |  | 230,466 | 205,815
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 230,366 | 205,715
Shareholders' funds |  | 230,466 | 205,815

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:

J C Pleass
Director

Pleass Thomson & Company Limited

Statement of Changes in Equity for the Year Ended 31 May 2025

| Share capital £ | Retained earnings £ | Total £
At 1 June 2024 | 100 | 205,715 | 205,815
Profit for the year | - | 44,651 | 44,651
Dividends | - | (20,000) | (20,000)
At 31 May 2025 | 100 | 230,366 | 230,466

| Share capital £ | Retained earnings £ | Total £
At 1 June 2023 | 100 | 193,479 | 193,579
Profit for the year | - | 28,236 | 28,236
Dividends | - | (16,000) | (16,000)
At 31 May 2024 | 100 | 205,715 | 205,815

Pleass Thomson & Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 91 -93 Rosemary Road West, Clacton on Sea, Essex, CO15 1EP.

These financial statements were authorised for issue by the Board on 25 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of legal services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Pleass Thomson & Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 25% Reducing Balance Method
Library | 10% Straight Line Method
Improvements to property | 10% Straight Line Method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% Straight Line Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. The amount also includes the adjustment for sales reserve as at the end of the year, This relates to work undertaken prior to the year end which is not invoiced until after the year, taking into account any time anticipated as non-recoverable and any other specific provisions due to the nature of the work undertaken.

Trade creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Pleass Thomson & Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 14).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 June 2024 | 230,000 | 230,000
At 31 May 2025 | 230,000 | 230,000
Amortisation
At 1 June 2024 | 230,000 | 230,000
At 31 May 2025 | 230,000 | 230,000
Carrying amount
At 31 May 2025 | - | -

5 | Tangible assets

| Improvements to property £ | Fixtures and fittings £ | Library £ | Total £
Cost or valuation
At 1 June 2024 | 16,846 | 90,936 | 4,000 | 111,782
Additions | - | 1,217 | - | 1,217
Disposals | - | (759) | - | (759)
At 31 May 2025 | 16,846 | 91,394 | 4,000 | 112,240
Depreciation
At 1 June 2024 | 15,520 | 79,173 | 4,000 | 98,693
Charge for the year | 489 | 3,040 | - | 3,529
Eliminated on disposal | - | (742) | - | (742)
At 31 May 2025 | 16,009 | 81,471 | 4,000 | 101,480
Carrying amount
At 31 May 2025 | 837 | 9,923 | - | 10,760
At 31 May 2024 | 1,326 | 11,763 | - | 13,089

Pleass Thomson & Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 114,580 | 160,913
Directors loan | 9 | 87,229 | 67,791
Other debtors |  | 16,129 | 16,129
Prepayments |  | 3,099 | 5,448
Accrued income |  | 24,902 | 21,221
|  | 245,939 | 271,502

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 2,311 | 2,680
Taxation and social security | 79,218 | 90,157
Accruals and deferred income | 11,163 | 18,142
Other creditors | 9,764 | 6,175
| 102,456 | 117,154

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

Pleass Thomson & Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

9 | Related party transactions

Transactions with directors

2025 | At 1 June 2024 £ | Advances to director £ | Repayments by director £ | At 31 May 2025 £
Transactions in year | 67,791 | 39,740 | (20,508) | 87,023

2024 | At 1 June 2023 £ | Advances to director £ | Repayments by director £ | At 31 May 2024 £
Transactions in year | 15,993 | 68,110 | (16,312) | 67,791