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 2015

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 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

232,644

208,282

Investments

3,144

3,030

235,788

211,312

Current assets

Stocks

181,030

187,762

Debtors

40,949

43,758

Cash at bank and in hand

109,557

37,125

331,536

268,645

Creditors: amounts falling due within one year

(304,423)

(205,199)

Net current assets

27,113

63,446

Total assets less current liabilities

262,901

274,758

Provisions for liabilities

(6,527)

(12,726)

256,374

262,032

Capital and reserves

Called up share capital

100

Profit and loss account

256,274

261,932

Shareholders' funds

256,374

262,032

R H THOMPSON & SON LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2015

- 2 -

For the financial year ended 30 November 2015 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 2 March 2016

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 2015

- 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

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Investments

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

1.7

Stock

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

1.8

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 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 December 2014

399,318

3,030

402,348

Additions

83,604

114

83,718

Disposals

(30,123)

At 30 November 2015

452,799

3,144

455,943

Depreciation

At 1 December 2014

191,036

On disposals

(9,628)

Charge for the year

38,747

At 30 November 2015

220,155

Net book value

At 30 November 2015

232,644

3,144

235,788

At 30 November 2014

208,282

3,030

211,312

Share capital

2015

2014

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 £271,896 (2014: £179,359).