Ken Thomas Associates Limited Company accounts

COMPANY REGISTRATION NUMBER: 06680041

Ken Thomas Associates Limited

Unaudited Financial Statements

For the year ended

30 August 2025

Ken Thomas Associates Limited

Financial Statements

Year ended 30 August 2025

Contents	Page

Officers and professional advisers	1

Director's report	2

Accountant's report to the director on the preparation of the unaudited statutory financial statements	3

Statement of income and retained earnings	4

Statement of financial position	5

Notes to the financial statements	6

Ken Thomas Associates Limited

Officers and Professional Advisers

Director	Mr K Thomas

Company secretary	Mr K Thomas

Registered office	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Bankers	Lloyds Bank plc
	31 Queen Street
	Cardiff
	CF10 2AG

Ken Thomas Associates Limited

Director's Report

Year ended 30 August 2025

The director presents his report and the unaudited financial statements of the company for the year ended 30 August 2025 .

Principal activities

The principal activity of the company during the year was that of management consultancy.

Director

The director who served the company during the year was as follows:

Mr K Thomas

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 August 2026 and signed on behalf of the board by:

Mr K Thomas
Director

Registered office:

2 Oldfield Road

Bocam Park

Bridgend

CF35 5LJ

Ken Thomas Associates Limited

Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements

Year ended 30 August 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 August 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Clay Shaw Thomas Ltd

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

28 August 2026

Ken Thomas Associates Limited

Statement of Income and Retained Earnings

Year ended 30 August 2025

	2025	2024
Note	£	£
Turnover	33,964	57,571

	--------	--------
Gross profit	33,964	57,571

Administrative expenses	15,760	20,353
Other operating income	1,921	1,887
	--------	--------
Operating profit	20,125	39,105

Interest payable and similar expenses	508	281
	--------	--------
Profit before taxation	19,617	38,824

Tax on profit	4,585	7,472
	--------	--------
Profit for the financial year and total comprehensive income	15,032	31,352
	--------	--------

Dividends paid and payable	( 12,138)	( 28,654)

Retained losses at the start of the year	( 1,251)	( 3,949)
	--------	--------
Retained earnings/(losses) at the end of the year	1,643	( 1,251)
	--------	--------

All the activities of the company are from continuing operations.

Ken Thomas Associates Limited

Statement of Financial Position

30 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		29	150

Current assets

Debtors	6	7,767	7,682
Cash at bank and in hand		3,788	6,518
		--------	--------
		11,555	14,200

Creditors: amounts falling due within one year	7	9,933		15,571
		--------		--------
Net current assets/(liabilities)			1,622	( 1,371)
			-------	-------
Total assets less current liabilities			1,651	( 1,221)

Provisions

Taxation including deferred tax	6	28
	-------	-------
Net assets/(liabilities)	1,645	( 1,249)
	-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	1,643	( 1,251)
	-------	-------
Shareholders funds/(deficit)	1,645	( 1,249)
	-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr K Thomas
Director

Company registration number: 06680041

Ken Thomas Associates Limited

Notes to the Financial Statements

Year ended 30 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Amounts receivable on contracts

The company makes an estimate of the amounts recoverable on contracts. When calculating the amounts recoverable on contract, management considers the works done to date less amounts already invoiced.

Revenue recognition

The turnover shown in the profit and loss account comprise of sales for management consultancy, exclusive of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 31 August 2024 and 30 August 2025	2,009	2,009
	-------	-------
Depreciation
At 31 August 2024	1,859	1,859
Charge for the year	121	121
	-------	-------
At 30 August 2025	1,980	1,980
	-------	-------
Carrying amount
At 30 August 2025	29	29
	-------	-------
At 30 August 2024	150	150
	-------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,837	1,727
Other debtors	5,930	5,955
	-------	-------
	7,767	7,682
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	6,636	8,850
Social security and other taxes	1,547	4,971
Other creditors	1,750	1,750
	-------	--------
	9,933	15,571
	-------	--------

8. Directors' advances, credit and guarantees

Included in other debtors are amounts owed from the director Mr K Thomas . During the year the director received dividends of £12,138 (2024: £28,654). Transactions with the director were as follows:

		2025
		£
	Balance owed from the director at 31 August 2024	2,861
	Monies drawn during year	790
	Monies introduced	(814)
		-------
	Balance owed from the director at 30 August 2025	2,837
		-------

There are no fixed terms of repayment or interest charged on the above loan.