D L Thomas Limited - Accounts to registrar (filleted) - small 18.2
D L Thomas Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| FOR |
| D L THOMAS LIMITED |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 MARCH 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| D L THOMAS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 MARCH 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 260 - 270 Butterfield |
| Great Marlings |
| Luton |
| Bedfordshire |
| LU2 8DL |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| BALANCE SHEET |
| 31 MARCH 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Investments | 9 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 11 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Non distributable reserve | 13 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| 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. |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| BALANCE SHEET - continued |
| 31 MARCH 2021 |
| 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 and authorised for issue on |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 MARCH 2021 |
| 1. | STATUTORY INFORMATION |
| D L Thomas Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost basis except for the modifications to a fair value basis for investments and investment property as specified in the accounting policies below. |
| Turnover |
| Turnover represents investment income receivable on an accruals basis, including profit (or loss) of equity instruments recognised on disposal. |
| Fixed assets |
| Plant and machinery | - |
| Office equipment | - |
| Investments |
| Investments compromise of investments in quoted equity instruments which are measured at fair value. Changes in fair value are recognised in the income statement. |
| Investment properties |
| Investment properties are held for their investment potential and not for use by the company and so carried at fair value. The surplus or deficit arising from the annual revaluation is recognised in the income statement. |
| 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 material 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MARCH 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Office |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2020 |
| and 31 March 2021 |
| DEPRECIATION |
| At 1 April 2020 |
| Charge for year |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| 6. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| COST OR VALUATION |
| At 1 April 2020 |
| Additions |
| Disposals | ( |
) |
| Fair value adjustment |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| The fixed asset listed investments are revalued to the mid-market price on 31st March 2021. |
| 2021 | 2020 |
| £ | £ |
| Historical cost | 317,715 | 346,622 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2020 |
| and 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MARCH 2021 |
| 7. | INVESTMENT PROPERTY - continued |
| The freehold land was valued on an open market basis on 31st March 2021 by the directors. |
| 2021 | 2020 |
| £ | £ |
| Historical cost | 18,031 | 18,031 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| 9. | CURRENT ASSET INVESTMENTS |
| 2021 | 2020 |
| £ | £ |
| Cash on short term deposit |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 11. | PROVISIONS FOR LIABILITIES |
| 2021 | 2020 |
| £ | £ |
| Deferred tax | 71,447 | 47,249 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2020 |
| Fair value movements | 24,198 |
| Balance at 31 March 2021 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary 'A' | £1 | 7,020 | 7,020 |
| Ordinary 'B' | 5p | 1,000 | 1,000 |
| 8,020 | 8,020 |
| D L THOMAS LIMITED (REGISTERED NUMBER: 00361297) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MARCH 2021 |
| 12. | CALLED UP SHARE CAPITAL - continued |
| Ordinary A and B shares have full voting rights, rights to dividends and capital distributions and are irredeemable. |
| 13. | RESERVES |
| Non |
| Retained | distributable |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2020 | 669,532 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Transfer between reserves | (100,361 | ) | 100,361 | - |
| At 31 March 2021 | 751,575 |
| Retained earnings consists of current and prior periods retained profit and losses, which are available for distribution. |
| The non distributable reserve consists of current and prior periods fair value movements, which are not available for distribution to the shareholders. |