IRIS Accounts Production v23.3.0.418 01150836 director 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure011508362022-01-31011508362023-01-31011508362022-02-012023-01-31011508362021-01-31011508362021-02-012022-01-31011508362022-01-3101150836ns16:EnglandWales2022-02-012023-01-3101150836ns15:PoundSterling2022-02-012023-01-3101150836ns11:Director12022-02-012023-01-3101150836ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3101150836ns11:SmallEntities2022-02-012023-01-3101150836ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3101150836ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3101150836ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3101150836ns11:FullAccounts2022-02-012023-01-3101150836ns11:OrdinaryShareClass12022-02-012023-01-3101150836ns11:RegisteredOffice2022-02-012023-01-3101150836ns6:CurrentFinancialInstruments2023-01-3101150836ns6:CurrentFinancialInstruments2022-01-3101150836ns6:ShareCapital2023-01-3101150836ns6:ShareCapital2022-01-3101150836ns6:RevaluationReserve2023-01-3101150836ns6:RevaluationReserve2022-01-3101150836ns6:RetainedEarningsAccumulatedLosses2023-01-3101150836ns6:RetainedEarningsAccumulatedLosses2022-01-3101150836ns6:LongLeaseholdAssetsns6:LandBuildings2022-02-012023-01-3101150836ns6:PlantMachinery2022-02-012023-01-3101150836ns6:FurnitureFittings2022-02-012023-01-3101150836ns6:MotorVehicles2022-02-012023-01-3101150836ns6:LandBuildings2022-01-3101150836ns6:LongLeaseholdAssetsns6:LandBuildings2022-01-3101150836ns6:PlantMachinery2022-01-3101150836ns6:LandBuildings2022-02-012023-01-3101150836ns6:LandBuildings2023-01-3101150836ns6:LongLeaseholdAssetsns6:LandBuildings2023-01-3101150836ns6:PlantMachinery2023-01-3101150836ns6:FurnitureFittings2022-01-3101150836ns6:MotorVehicles2022-01-3101150836ns6:FurnitureFittings2023-01-3101150836ns6:MotorVehicles2023-01-3101150836ns6:CostValuationns6:UnlistedNon-exchangeTraded2022-01-3101150836ns6:UnlistedNon-exchangeTraded2023-01-3101150836ns6:UnlistedNon-exchangeTraded2022-01-3101150836ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3101150836ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3101150836ns6:DeferredTaxation2022-01-3101150836ns6:DeferredTaxation2023-01-3101150836ns11:OrdinaryShareClass12023-01-3101150836ns6:RetainedEarningsAccumulatedLosses2022-01-3101150836ns6:RevaluationReserve2022-01-3101150836ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 01150836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

THELKANE INDUSTRIAL CHIMNEYS LIMITED

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

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


THELKANE INDUSTRIAL CHIMNEYS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTOR: Mr M Schofield





REGISTERED OFFICE: Copse Road
Fleetwood
Lancashire
FY7 6RP





REGISTERED NUMBER: 01150836 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 282,637 283,201
Investments 5 3,657 3,657
286,294 286,858

CURRENT ASSETS
Stocks 6 100,400 115,700
Debtors 7 164,484 114,551
Cash at bank and in hand 48,650 78,471
313,534 308,722
CREDITORS
Amounts falling due within one year 8 96,787 117,492
NET CURRENT ASSETS 216,747 191,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,041

478,088

PROVISIONS FOR LIABILITIES 9 10,518 9,995
NET ASSETS 492,523 468,093

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 59,762 59,762
Retained earnings 11 432,661 408,231
SHAREHOLDERS' FUNDS 492,523 468,093

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 director acknowledges his 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.

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

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 director and authorised for issue on 16 October 2023 and were signed by:





Mr M Schofield - Director


THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Thelkane Industrial Chimneys 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.
Long leasehold - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 February 2022 137,863 165,800 125,482
Additions - - 11,171
Disposals - - -
At 31 January 2023 137,863 165,800 136,653
DEPRECIATION
At 1 February 2022 - 73,066 76,164
Charge for year - 9,365 -
Eliminated on disposal - - -
At 31 January 2023 - 82,431 76,164
NET BOOK VALUE
At 31 January 2023 137,863 83,369 60,489
At 31 January 2022 137,863 92,734 49,318

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 26,121 17,000 472,266
Additions - - 11,171
Disposals - (17,000 ) (17,000 )
At 31 January 2023 26,121 - 466,437
DEPRECIATION
At 1 February 2022 25,103 14,732 189,065
Charge for year 102 236 9,703
Eliminated on disposal - (14,968 ) (14,968 )
At 31 January 2023 25,205 - 183,800
NET BOOK VALUE
At 31 January 2023 916 - 282,637
At 31 January 2022 1,018 2,268 283,201

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 February 2022
and 31 January 2023 3,657
NET BOOK VALUE
At 31 January 2023 3,657
At 31 January 2022 3,657

6. STOCKS
31.1.23 31.1.22
£    £   
Stocks 54,300 62,000
Work-in-progress 46,100 53,700
100,400 115,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 150,369 100,032
Other debtors 14,115 14,519
164,484 114,551

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 7,316 54,640
Site Account 2,050 1,127
Social security and pensions 9,152 8,596
VAT 17,586 12,854
Directors' current accounts 58,795 38,645
Accrued expenses 1,888 1,630
96,787 117,492

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 10,518 9,995

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 9,995
Movement 523
Balance at 31 January 2023 10,518

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 408,231 59,762 467,993
Profit for the year 31,030 31,030
Dividends (6,600 ) (6,600 )
At 31 January 2023 432,661 59,762 492,423