Thompson's News 'N' Food Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09902361

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		86,243		100,617
Tangible Assets	5		129,008		321,854

			215,251		422,471
CURRENT ASSETS
Stocks	6	64,688		128,988
Debtors	7	511,647		354,696
Cash at bank and in hand		69,963		114,589

		646,298		598,273
Creditors: Amounts Falling Due Within One Year	8	(148,776 )		(267,157 )

NET CURRENT ASSETS (LIABILITIES)			497,522		331,116

TOTAL ASSETS LESS CURRENT LIABILITIES			712,773		753,587

Creditors: Amounts Falling Due After More Than One Year	9		(64,975 )		(89,299 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,518 )		(42,002 )

NET ASSETS			638,280		622,286

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			638,279		622,285

SHAREHOLDERS' FUNDS			638,280		622,286

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Thompson's News 'N' Food Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J A Thompson

Director

27/10/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Thompson's News 'N' Food Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09902361 . The registered office is Prospect House, 50 Leigh Road, Eastleigh, Hampshire, SO50 9DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account evenly over its estimated economic life of 15 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not provided
Leasehold	not provided
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	33% Straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Thompson's News 'N' Food Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2025: 41)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	215,608

As at 31 January 2026	215,608

Amortisation
As at 1 February 2025	114,991
Provided during the period	14,374

As at 31 January 2026	129,365

Net Book Value
As at 31 January 2026	86,243

As at 1 February 2025	100,617

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2025	99,802	100	953	401,702
Disposals	(20,989 )	-	-	(214,716 )

As at 31 January 2026	78,813	100	953	186,986

Depreciation
As at 1 February 2025	-	-	876	183,247
Provided during the period	-	-	19	16,260
Disposals	-	-	-	(61,299 )

As at 31 January 2026	-	-	895	138,208

Net Book Value
As at 31 January 2026	78,813	100	58	48,778

As at 1 February 2025	99,802	100	77	218,455

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Thompson's News 'N' Food Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2025	6,550	509,107
Disposals	-	(235,705 )

As at 31 January 2026	6,550	273,402

Depreciation
As at 1 February 2025	3,130	187,253
Provided during the period	2,161	18,440
Disposals	-	(61,299 )

As at 31 January 2026	5,291	144,394

Net Book Value
As at 31 January 2026	1,259	129,008

As at 1 February 2025	3,420	321,854

6. Stocks

	2026	2025
	£	£
Finished goods	64,688	128,988

7. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	10,952	9,696
Other debtors	492,522	345,000
Other taxes and social security	4,323	-
Director's loan account	3,850	-

	511,647	354,696

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	97,002	218,325
Bank loans and overdrafts	22,928	18,197
Corporation tax	7,661	4,375
Other taxes and social security	-	181
VAT	18,631	20,522
Other creditors	2,554	3,248
Director's loan account	-	2,309

	148,776	267,157

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Thompson's News 'N' Food Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	64,975	89,299

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr John Thompson	(2,308 )	28,658	22,500	-	3,850

The above loan is unsecured, interest being charged at 3.75% and repayable on demand.

12. Related Party Transactions

Solent Retail Ltd

Mr J A Thompson is a director and shareholder in both companies

During the year, the company purchased goods and services on behalf of Solent Retail Ltd. As at the year end the company was owed £147,522 by Solent Retail Ltd.

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