Thoms Trading Company Ltd 11773714 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is specialist importers Digita Accounts Production Advanced 6.30.9574.0 true 11773714 2024-02-01 2025-01-31 11773714 2025-01-31 11773714 bus:Director1 1 2025-01-31 11773714 core:CurrentFinancialInstruments 2025-01-31 11773714 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 11773714 core:FurnitureFittingsToolsEquipment 2025-01-31 11773714 bus:SmallEntities 2024-02-01 2025-01-31 11773714 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11773714 bus:FilletedAccounts 2024-02-01 2025-01-31 11773714 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11773714 bus:RegisteredOffice 2024-02-01 2025-01-31 11773714 bus:Director1 2024-02-01 2025-01-31 11773714 bus:Director1 1 2024-02-01 2025-01-31 11773714 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11773714 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 11773714 countries:England 2024-02-01 2025-01-31 11773714 bus:Director1 1 2024-01-31 11773714 2023-02-01 2024-01-31 11773714 2024-01-31 11773714 core:CurrentFinancialInstruments 2024-01-31 11773714 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 iso4217:GBP xbrli:pure

Thoms Trading Company Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 January 2025
Registration number: 11773714

Thoms Trading Company Ltd

Contents

Statement of financial position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Thoms Trading Company Ltd

(Registration number: 11773714)
Statement of financial position as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 812 | -
Current assets |  |  |
Stocks | 5 | 8,451 | -
Debtors | 6 | 21,195 | 13,746
Cash at bank and in hand |  | 16,982 | 6,121
|  | 46,628 | 19,867
Creditors: Amounts falling due within one year | 7 | (34,299) | (8,141)
Net current assets |  | 12,329 | 11,726
Net assets |  | 13,141 | 11,726
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 13,041 | 11,626
Shareholders' funds |  | 13,141 | 11,726

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

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 11 March 2026

......................................... Mr R Gross Director

Thoms Trading Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

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

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 11 March 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Thoms Trading Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

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

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 1,083 | 1,083
At 31 January 2025 | 1,083 | 1,083
Depreciation
Charge for the year | 271 | 271
At 31 January 2025 | 271 | 271
Carrying amount
At 31 January 2025 | 812 | 812

Thoms Trading Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 8,451 | -

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 7,814 | 8,395
Other debtors | 13,381 | 5,351
| 21,195 | 13,746

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 26,414 | 380
Taxation and social security | 6,135 | 6,261
Accruals and deferred income | 1,750 | 1,500
| 34,299 | 8,141

8 | Related party transactions

Transactions with the director

2025 | At 1 February 2024 £ | Advances to director £ | At 31 January 2025 £
Mr R Gross
Directors loan @ 2.25% | - | 13,382 | 13,382