R_H_THOMPSON_&_SON_LTD - Accounts

R H THOMPSON & SON LTD - Company Information

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Company Registration No. 04916889 (England and Wales)

R H THOMPSON & SON LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

R H THOMPSON & SON LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

R H THOMPSON & SON LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

208,282

144,652

Investments

3,030

2,942

211,312

147,594

Current assets

Stocks

187,762

175,654

Debtors

43,758

108,257

Cash at bank and in hand

37,125

74,678

268,645

358,589

Creditors: amounts falling due within one year

(205,199)

(237,394)

Net current assets

63,446

121,195

Total assets less current liabilities

274,758

268,789

Provisions for liabilities

(12,726)

(8,512)

262,032

260,277

Capital and reserves

Called up share capital

100

Profit and loss account

261,932

260,177

Shareholders' funds

262,032

260,277

R H THOMPSON & SON LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2014

- 2 -

For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 March 2015

Mr I Thompson

Mrs E L Thompson

Director

Company Registration No. 04916889

R H THOMPSON & SON LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

10% straight line

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

R H THOMPSON & SON LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 December 2013

325,400

2,942

328,342

Additions

102,873

102,961

Disposals

(28,955)

At 30 November 2014

399,318

3,030

402,348

Depreciation

At 1 December 2013

180,748

On disposals

(22,247)

Charge for the year

32,535

At 30 November 2014

191,036

Net book value

At 30 November 2014

208,282

3,030

211,312

At 30 November 2013

144,652

2,942

147,594

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Ultimate parent company

The ultimate controlling parties are Mr & Mrs Thompson. At the year end the company owed Mr & Mrs Thompson £179,359 (2013: £180,645).