REGISTERED NUMBER: 00388276 (England and Wales)

E.H. Thompson & Son (London) Limited

Financial Statements

for the Year Ended 31 December 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

S H Terry

M E Terry

J I Terry

I H Terry

Secretary:

G F Ellis

Registered office:

Hallsford Bridge

Industrial Est

Ongar

Essex

CM5 9RB

Registered number:

00388276 (England and Wales)

Auditors:

Clay Ratnage Strevens & Hills

Chartered Accountants and

Statutory Auditor

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

680,152

746,006

680,152

746,006

Current assets

Stock

6

106,878

113,810

Debtors

7

3,202,656

3,038,400

Cash at bank

169,722

29,933

3,479,256

3,182,143

Creditors

Amounts falling due within one year

8

630,902

453,663

Net current assets

2,848,354

2,728,480

Total assets less current liabilities

3,528,506

3,474,486

Creditors

Amounts falling due after more than one year

9

(65,251

)

(149,346

)

Provisions for liabilities

11

(153,411

)

(163,214

)

Net assets

3,309,844

3,161,926

Capital and reserves

Called up share capital

50,000

50,000

Retained earnings

3,259,844

3,111,926

3,309,844

3,161,926

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

S H Terry - Director

1.	Statutory information

E.H. Thompson & Son (London) Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-

the company has transferred the significant risks and rewards of ownership to the buyer;

-

the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the transaction; and

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the contract;

-

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

Plant and machinery

- 20% reducing balance

Motor vehicles

- 25% reducing balance

Fixtures and fittings

- 20% reducing balance

Computer equipment

- 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

The company has elected to apply Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, less any impairment provision. Where an arrangement constitutes a financing transaction, whereby payment is deferred beyond normal business terms, it is measured at the present value of future receipts discounted at a market rate of interest. Discounting is omitted where the effect is immaterial.

Impairment of financial assets

Financial assets are assessed for impairment at each reporting date. An impairment loss arises where events subsequent to initial recognition indicate that estimated future cash flows have been adversely affected, and is measured as the difference between the carrying amount and the present value of future cash flows at the original effective interest rate. Where the indicators of impairment subsequently reverse, the impairment loss may be reversed up to the original carrying amount, and is recognised in profit or loss.

Financial liabilities

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

Basic financial liabilities, including trade and other payables and bank and other loans, are initially measured at transaction price after transaction costs, or where a financing transaction exists, at the present value of future payments discounted at a market rate of interest. Discounting is omitted where the effect is immaterial. All debt instruments, including trade payables, are subsequently carried at amortised cost using the effective interest method.

Trade payables are classified as current liabilities where payment is due within one year, and as non-current liabilities otherwise.

Derecognition of financial instruments

Financial assets are derecognised when contractual rights to future cash flows expire, are settled, or when the asset and substantially all risks and rewards of ownership are transferred to another party. Where significant risks and rewards are retained, the relevant portion continues to be recognised. Financial liabilities are derecognised when the related contractual obligations are discharged, cancelled or expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating leases: the company as lessee

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Employees and directors

The average number of employees during the year was 18 (2024 - 17 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 January 2025

and 31 December 2025

5,000

Amortisation

At 1 January 2025

and 31 December 2025

5,000

Net book value

At 31 December 2025

-

At 31 December 2024

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2025

2,149,971

60,057

141,576

72,943

2,424,547

Additions

108,449

-

-

6,939

115,388

Disposals

(166,659

)

-

-

(216

)

(166,875

)

At 31 December 2025

2,091,761

60,057

141,576

79,666

2,373,060

Depreciation

At 1 January 2025

1,498,034

55,535

66,131

58,841

1,678,541

Charge for year

131,525

905

18,863

4,104

155,397

Eliminated on disposal

(140,829

)

-

-

(201

)

(141,030

)

At 31 December 2025

1,488,730

56,440

84,994

62,744

1,692,908

Net book value

At 31 December 2025

603,031

3,617

56,582

16,922

680,152

At 31 December 2024

651,937

4,522

75,445

14,102

746,006

6.

Stock

2025

2024

£

£

Finished goods

69,753

80,060

Loose tools

37,125

33,750

106,878

113,810

7.

Debtors

2025

2024

£

£

Trade debtors

736,975

480,752

Amounts owed by group undertakings

2,342,595

2,441,812

Other debtors

123,086

115,836

3,202,656

3,038,400

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts (see note 10)

84,071

95,987

Trade creditors

207,602

84,640

Taxation and social security

238,317

143,586

Other creditors

100,912

129,450

630,902

453,663

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts (see note 10)

65,251

149,346

10.	Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

84,071

95,987

Between one and five years

65,251

149,346

149,322

245,333

11.	Provisions for liabilities

2025

2024

£

£

Deferred tax

153,411

163,214

Deferred

tax

£

Balance at 1 January 2025

163,214

Released during the year

(9,803

)

Balance at 31 December 2025

153,411

12.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Laura Main (Senior Statutory Auditor)

for and on behalf of Clay Ratnage Strevens & Hills

13.

Security

The company's factored debts are secured by way of a fixed charge. The charge provides the factoring company with security for the payment of any debts that have failed to vest in them.

14.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the fund and amounted to £25,439 (2024 - £27,967). Contributions totalling £15,081 (2024 - £14,356) were payable to the fund at the balance sheet date and are included in creditors.

15.	Related party transactions

The directors have elected to take advantage of the exemption as set out in paragraph 33.1A of FRS102 not to disclose transactions with entities that are part of the group, on the grounds that the consolidated financial statements in which E H Thompson & Son (London) Limited have been included are publicly available.

16.	Controlling party

The ultimate parent undertaking as at the balance sheet date is Crownfield Holdings Limited which is incorporated in England and Wales. Its registered office is Thurston Building, Hallsford Bridge Industrial Estate, Ongar, Essex, CM5 9RB.

The ultimate controlling parties are I H Terry and J I Terry who are directors of the company.