REGISTERED NUMBER: SC197920 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

C & A Thomason Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Thomason

H A Thomason

R M Thomason

SECRETARY:

C D Thomason

REGISTERED OFFICE:

Cullivoe Harbour Industrial Site

Cullivoe

Yell

Shetland

ZE2 9DD

REGISTERED NUMBER:

SC197920 (Scotland)

ACCOUNTANTS:

Mackay Johnson Ltd

2 North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Intangible assets

4

20,857

20,857

Tangible assets

5

804,002

888,103

824,859

908,960

CURRENT ASSETS

Stocks

94,812

100,915

Debtors

6

86,063

133,349

180,875

234,264

CREDITORS

Amounts falling due within one year

7

202,795

193,779

NET CURRENT (LIABILITIES)/ASSETS

(21,920

)

40,485

TOTAL ASSETS LESS CURRENT LIABILITIES

802,939

949,445

CREDITORS

Amounts falling due after more than one year

8

(533,818

)

(630,308

)

PROVISIONS FOR LIABILITIES

(51,648

)

(64,114

)

NET ASSETS

217,473

255,023

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

217,467

255,017

SHAREHOLDERS' FUNDS

217,473

255,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by:

H A Thomason - Director

C D Thomason - Director

R M Thomason - Director

1.	STATUTORY INFORMATION

C & A Thomason Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Licences are not currently being amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

5% on cost

Boats

-

5% on cost

Plant and machinery

-

15% on cost, 10% on cost and 5% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Licences

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

85,000

20,857

105,857

AMORTISATION

At 1 August 2024

and 31 July 2025

85,000

-

85,000

NET BOOK VALUE

At 31 July 2025

-

20,857

20,857

At 31 July 2024

-

20,857

20,857

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

Boats

machinery

£

£

£

COST

At 1 August 2024

and 31 July 2025

230,089

913,558

539,486

DEPRECIATION

At 1 August 2024

163,856

280,362

379,922

Charge for year

-

45,153

31,670

At 31 July 2025

163,856

325,515

411,592

NET BOOK VALUE

At 31 July 2025

66,233

588,043

127,894

At 31 July 2024

66,233

633,196

159,564

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

36,250

813

1,720,196

DEPRECIATION

At 1 August 2024

7,140

813

832,093

Charge for year

7,278

-

84,101

At 31 July 2025

14,418

813

916,194

NET BOOK VALUE

At 31 July 2025

21,832

-

804,002

At 31 July 2024

29,110

-

888,103

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

18,250

12,750

31,000

DEPRECIATION

At 1 August 2024

7,072

531

7,603

Charge for year

2,737

3,055

5,792

At 31 July 2025

9,809

3,586

13,395

NET BOOK VALUE

At 31 July 2025

8,441

9,164

17,605

At 31 July 2024

11,178

12,219

23,397

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

60,183

74,777

Other debtors

25,880

58,572

86,063

133,349

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

22,491

14,347

Hire purchase contracts

7,535

7,535

Trade creditors

29,094

26,241

Taxation and social security

3,063

3,976

Other creditors

140,612

141,680

202,795

193,779

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

2,364

15,841

Hire purchase contracts

5,892

13,427

Other creditors

525,562

601,040

533,818

630,308