Tompkins Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04272638 (England and Wales)

Financial Statements for the Year Ended 30 June 2019

for

Tompkins Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A Tompkins

Mrs S Tompkins

C Ballinger

A Goodchild

SECRETARY:

Mrs S Tompkins

REGISTERED OFFICE:

3a Brunel Close

Drayton Fields Industrial Estate

Daventry

Northamptonshire

NN11 8RB

REGISTERED NUMBER:

04272638 (England and Wales)

ACCOUNTANTS:

CED Accountancy Services Limited

Chartered Accountants

1 Lucas Bridge Business Park

Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Intangible assets

4

1,808

2,508

Tangible assets

5

162,262

151,020

164,070

153,528

CURRENT ASSETS

Stocks

128,003

76,295

Debtors

24,818

40,959

Cash at bank and in hand

91,884

64,421

244,705

181,675

CREDITORS

Amounts falling due within one year

349,789

262,996

NET CURRENT LIABILITIES

(105,084

)

(81,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,986

72,207

CREDITORS

Amounts falling due after more than one year

57,809

71,000

NET ASSETS

1,177

1,207

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

30,000

30,000

Retained earnings

(28,826

)

(28,796

)

SHAREHOLDERS' FUNDS

1,177

1,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 March 2020 and were signed on its behalf by:

A Tompkins - Director

Mrs S Tompkins - Director

C Ballinger - Director

A Goodchild - Director

1.	STATUTORY INFORMATION

Tompkins 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2018 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

and 30 June 2019

14,000

AMORTISATION

At 1 July 2018

11,492

Amortisation for year

700

At 30 June 2019

12,192

NET BOOK VALUE

At 30 June 2019

1,808

At 30 June 2018

2,508

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

411,236

Additions

30,765

At 30 June 2019

442,001

DEPRECIATION

At 1 July 2018

260,216

Charge for year

19,523

At 30 June 2019

279,739

NET BOOK VALUE

At 30 June 2019

162,262

At 30 June 2018

151,020

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 July 2018

100,000

Additions

27,250

Transfer to ownership

(100,000

)

At 30 June 2019

27,250

DEPRECIATION

At 1 July 2018

43,685

Charge for year

8,356

Transfer to ownership

(49,316

)

At 30 June 2019

2,725

NET BOOK VALUE

At 30 June 2019

24,525

At 30 June 2018

56,315

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Tompkins Limited for the year ended 30 June 2019 which comprise the Income Statement,

Abridged Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tompkins Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tompkins Limited and state those matters that we have agreed to state to the Board of Directors of Tompkins Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tompkins Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tompkins Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tompkins Limited. You consider that Tompkins Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tompkins Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CED Accountancy Services Limited

Chartered Accountants

1 Lucas Bridge Business Park

Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

25 March 2020