Thomas And Co Accounting Limited - Limited company accounts 20.1

REGISTERED NUMBER: 13474030 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Period 23 June 2021 to 30 June 2022

for

Thomas And Co Accounting (Manchester)

Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

J Thomas

JS Littlewood

SECRETARY:

REGISTERED OFFICE:

2 Holly House Mill Street

Uppermill

Oldham

OL3 6LZ

REGISTERED NUMBER:

13474030 (England and Wales)

ACCOUNTANTS:

Thomas and Co Accounting (Manchester) Limited

2 Holly House

Mill Street

Uppermill

Oldham

OL3 6LZ

The directors present their report with the financial statements of the company for the period 23 June 2021 to 30 June 2022.

INCORPORATION

The company was incorporated on 23 June 2021 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of providing accountancy and tax advisory services

DIRECTORS

The directors who have held office during the period from 23 June 2021 to the date of this report are as follows:

J Thomas - appointed 23 June 2021

JS Littlewood - appointed 23 June 2021

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Thomas - Director

31 October 2022

TURNOVER

96,565

Cost of sales

4,889

GROSS PROFIT

91,676

Administrative expenses

29,514

OPERATING PROFIT

4

62,162

Interest receivable and similar income

7

PROFIT BEFORE TAXATION

62,169

Tax on profit

10,870

PROFIT FOR THE FINANCIAL
PERIOD

51,299

FIXED ASSETS

Intangible assets

5

1,000

Tangible assets

6

2,686

3,686

CURRENT ASSETS

Debtors

7

13,045

Cash at bank

35,873

48,918

CREDITORS

Amounts falling due within one year

8

18,511

NET CURRENT ASSETS

30,407

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,093

RESERVES

Retained earnings

34,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2022 and were signed on its behalf by:

J Thomas - Director

1.	STATUTORY INFORMATION

Thomas And Co Accounting (Manchester) 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.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

896

Development costs amortisation

500

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

1,500

At 30 June 2022

1,500

AMORTISATION

Charge for period

500

At 30 June 2022

500

NET BOOK VALUE

At 30 June 2022

1,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,582

At 30 June 2022

3,582

DEPRECIATION

Charge for period

896

At 30 June 2022

896

NET BOOK VALUE

At 30 June 2022

2,686

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

10,623

Other debtors

2,422

13,045

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,419

Taxation and social security

10,870

Other creditors

6,222

18,511