Tompkins Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04272638 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

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

3,208

3,908

Tangible assets

5

165,861

183,743

169,069

187,651

CURRENT ASSETS

Stocks

168,110

148,214

Debtors

23,777

38,542

Cash at bank and in hand

60

109

191,947

186,865

CREDITORS

Amounts falling due within one year

261,062

280,355

NET CURRENT LIABILITIES

(69,115

)

(93,490

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,954

94,161

CREDITORS

Amounts falling due after more than one year

89,298

94,043

NET ASSETS

10,656

118

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

30,000

30,000

Retained earnings

(19,347

)

(29,885

)

SHAREHOLDERS' FUNDS

10,656

118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2017 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 19 March 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 20 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

and 30 June 2017

14,000

AMORTISATION

At 1 July 2016

10,092

Amortisation for year

700

At 30 June 2017

10,792

NET BOOK VALUE

At 30 June 2017

3,208

At 30 June 2016

3,908

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

406,003

Additions

2,103

At 30 June 2017

408,106

DEPRECIATION

At 1 July 2016

222,260

Charge for year

19,985

At 30 June 2017

242,245

NET BOOK VALUE

At 30 June 2017

165,861

At 30 June 2016

183,743

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

Totals

£

COST

At 1 July 2016

and 30 June 2017

100,000

DEPRECIATION

At 1 July 2016

30,475

Charge for year

10,000

At 30 June 2017

40,475

NET BOOK VALUE

At 30 June 2017

59,525

At 30 June 2016

69,525

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 2017 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

19 March 2018