Company No: 06249721 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	35,706		20,246
		35,706		20,246
Current assets
Stocks		30,362		24,302
Debtors
- due within one year	4	534,752		439,437
- due after more than one year	4	60,108		63,587
Cash at bank and in hand		2,498		412
		627,720		527,738
Creditors: amounts falling due within one year	5	( 620,875)		( 502,706)
Net current assets		6,845		25,032
Total assets less current liabilities		42,551		45,278
Creditors: amounts falling due after more than one year	6	( 15,325)		( 8,773)
Provision for liabilities		( 6,476)		( 5,011)
Net assets		20,750		31,494
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		20,650		31,394
Total shareholder's funds		20,750		31,494

For the financial year ending 31 August 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Thomas & Thomas Building Contractors Limited (registered number: 06249721) were approved and authorised for issue by the Director on 29 May 2026. They were signed on its behalf by:

Mr T L G Medlicott Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Thomas & Thomas Building Contractors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Southwood House, Southwood, Glastonbury, BA6 8PG, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 - 10 years straight line
Vehicles	25 % reducing balance
Office equipment	4 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	11		9

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 September 2024	11,560		92,401		5,970		109,931
Additions	26,941		0		335		27,276
At 31 August 2025	38,501		92,401		6,305		137,207
Accumulated depreciation
At 01 September 2024	9,845		75,106		4,734		89,685
Charge for the financial year	6,896		4,324		596		11,816
At 31 August 2025	16,741		79,430		5,330		101,501
Net book value
At 31 August 2025	21,760		12,971		975		35,706
At 31 August 2024	1,715		17,295		1,236		20,246

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	269,167		161,144
Amounts owed by director	176,865		194,606
Prepayments and accrued income	77,758		82,730
Other debtors	10,962		957
	534,752		439,437
Debtors: amounts falling due after more than one year
Other debtors	60,108		63,587

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	8,772		14,238
Trade creditors	202,755		135,796
Accruals and deferred income	4,600		49,958
Corporation tax	118,919		118,228
Other taxation and social security	221,696		180,670
Obligations under finance leases and hire purchase contracts (secured)	6,365		1,801
Other creditors	57,768		2,015
	620,875		502,706

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		8,773
Obligations under finance leases and hire purchase contracts (secured)	15,325		0
	15,325		8,773

The finance lease liabilities are secured over their respective assets.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Sales	59,412		43,406
Purchases	57,185		49,738

During the year, the company made sales and also purchased services from a company which has a common director. As at 31 August 2025, there were trade debtors totalling £53,539 (2024: £32,846), and trade creditors £54,638 (2024: £39,990) due to/from the company.

Transactions with the entity's director

	2025		2024
	£		£
As at 1 September	195,406		153,184
Advances	103,245		109,593
Repayments	(121,786)		(67,371)
As at 31 August	176,865		195,406

Interest on this loan is charged using HMRC official rates for beneficial loans. This loan is repayable on demand.