1 November 2024 false No description of principal activity Taxfiler 2024.6 SC257405 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC257405 2024-10-31 SC257405 2024-11-01 2025-10-31 SC257405 business:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 SC257405 business:AbridgedAccounts 2024-11-01 2025-10-31 SC257405 2025-10-31 SC257405 business:Director1 2024-11-01 2025-10-31 SC257405 business:Director2 2024-11-01 2025-10-31 SC257405 business:RegisteredOffice 2024-11-01 2025-10-31 SC257405 2024-10-31 SC257405 core:WithinOneYear 2025-10-31 SC257405 core:WithinOneYear 2024-10-31 SC257405 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 SC257405 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 SC257405 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 SC257405 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 SC257405 core:PreviouslyStatedAmount 2025-10-31 SC257405 core:PreviouslyStatedAmount 2024-10-31 SC257405 business:SmallEntities 2024-11-01 2025-10-31 SC257405 countries:Scotland 2024-11-01 2025-10-31 SC257405 core:FurnitureFittings 2024-11-01 2025-10-31 SC257405 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC257405 (Scotland)
Philip Thompson Limited Unaudited accounts for the year ended 31 October 2025
Philip Thompson Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Philip Thompson Limited Company Information for the year ended 31 October 2025
Directors
S Shaw P Thompson
Company Number
SC257405 (Scotland)
Registered Office
Verona Resaurie Inverness IV2 7NH
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Philip Thompson Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,172
1,329
Current assets
Debtors
3,629
2,692
Cash at bank and in hand
42,193
76,598
45,822
79,290
Creditors: amounts falling due within one year
(26,628)
(61,136)
Net current assets
19,194
18,154
Total assets less current liabilities
20,366
19,483
Provisions for liabilities
Deferred tax
(222)
(252)
Net assets
20,144
19,231
Capital and reserves
Called up share capital
1
1
Profit and loss account
20,143
19,230
Shareholders' funds
20,144
19,231
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2026 and were signed on its behalf by
P Thompson Director Company Registration No. SC257405
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Philip Thompson Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Philip Thompson Limited is a private company, limited by shares, registered in Scotland, registration number SC257405. The registered office is Verona, Resaurie, Inverness, IV2 7NH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Philip Thompson Limited Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2024
4,248
Additions
540
At 31 October 2025
4,788
Depreciation
At 1 November 2024
2,919
Charge for the year
697
At 31 October 2025
3,616
Net book value
At 31 October 2025
1,172
At 31 October 2024
1,329
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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