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REGISTERED NUMBER: 05011173 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

THERMOFORMING SOLUTIONS LIMITED

THERMOFORMING SOLUTIONS LIMITED (REGISTERED NUMBER: 05011173)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THERMOFORMING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: K J Braney
Mrs I Braney
J K Braney





SECRETARIES: Mrs I Braney
Mrs I Braney





REGISTERED OFFICE: First Floor
14-16 Powis Street
Woolwich
London
SE18 LF





REGISTERED NUMBER: 05011173 (England and Wales)





ACCOUNTANTS: ABUDEY & CO (ACCOUNTANTS)
14-16 Powis Street
Woolwich London
London
SE18 6LF

THERMOFORMING SOLUTIONS LIMITED (REGISTERED NUMBER: 05011173)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,723 19,824

CURRENT ASSETS
Debtors 5 50,000 36,934
Cash at bank and in hand 52,851 71,569
102,851 108,503
CREDITORS
Amounts falling due within one year 6 14,248 18,648
NET CURRENT ASSETS 88,603 89,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,326

109,679

CREDITORS
Amounts falling due after more than one
year

7

41,667

47,222
NET ASSETS 65,659 62,457

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 65,559 62,357
SHAREHOLDERS' FUNDS 65,659 62,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

THERMOFORMING SOLUTIONS LIMITED (REGISTERED NUMBER: 05011173)

BALANCE SHEET - continued
31 JANUARY 2023


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

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 11 October 2023 and were signed on its behalf by:





K J Braney - Director


THERMOFORMING SOLUTIONS LIMITED (REGISTERED NUMBER: 05011173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

THERMOFORMING SOLUTIONS 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

THERMOFORMING SOLUTIONS LIMITED (REGISTERED NUMBER: 05011173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 700 28,200 4,719 33,619
Additions - - 580 580
At 31 January 2023 700 28,200 5,299 34,199
DEPRECIATION
At 1 February 2022 105 10,631 3,059 13,795
Charge for year 194 1,151 336 1,681
At 31 January 2023 299 11,782 3,395 15,476
NET BOOK VALUE
At 31 January 2023 401 16,418 1,904 18,723
At 31 January 2022 595 17,569 1,660 19,824

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Other debtors 50,000 5,000

Amounts falling due after more than one year:
Other debtors - 31,934

Aggregate amounts 50,000 36,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 973 2,776
Taxation and social security 10,776 13,371
Other creditors 2,499 2,501
14,248 18,648

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 41,667 47,222

THERMOFORMING SOLUTIONS LIMITED (REGISTERED NUMBER: 05011173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2022 62,357
Profit for the year 46,898
Dividends (43,696 )
At 31 January 2023 65,559