Thompson and Co Ltd - Filleted accounts

Registered number

07063514

Thompson and Co Ltd

Filleted Accounts

31 October 2025

Thompson and Co Ltd
Registered number:		07063514
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1			1
Tangible assets	4		3,073			2,543
			3,074			2,544

Current assets
Debtors	5	17,343			11,611
Cash at bank and in hand		8,659			10,312
		26,002			21,923

Creditors: amounts falling due within one year	6	(28,411)			(24,413)

Net current liabilities			(2,409)			(2,490)

Net assets			665			54

Capital and reserves
Called up share capital			100			100
Profit and loss account			565			(46)

Shareholder's funds			665			54

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M C Thompson
Director
Approved by the board on 30 June 2026

Thompson and Co Ltd
Notes to the Accounts
for the year ended 31 October 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 November 2024				91,650
	At 31 October 2025				91,650

	Amortisation
	At 1 November 2024				91,649
	At 31 October 2025				91,649

	Net book value
	At 31 October 2025				1
	At 31 October 2024				1

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2024				12,040
	Additions				1,298
	At 31 October 2025				13,338

	Depreciation
	At 1 November 2024				9,497
	Charge for the year				768
	At 31 October 2025				10,265

	Net book value
	At 31 October 2025				3,073
	At 31 October 2024				2,543


5	Debtors		2025		2024
£				£

	Trade debtors		12,723		11,611
	Other debtors		4,620		-
			17,343		11,611



6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		1,362		3,238
	Trade creditors		749		1,040
	Taxation and social security costs		8,471		9,209
	Other creditors		17,829		10,926
			28,411		24,413


7	Other information

	Thompson and Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	39B York Road
	HARTLEPOOL
	TS26 8AH