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REGISTERED NUMBER: 07776881 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2023

for

N J C Thermal Covers (UK) Ltd

N J C Thermal Covers (UK) Ltd (Registered number: 07776881)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


N J C Thermal Covers (UK) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: N J Clayton





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 07776881 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

N J C Thermal Covers (UK) Ltd (Registered number: 07776881)

Abridged Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,182 77,833

CURRENT ASSETS
Debtors 488,102 441,300
Cash at bank 239,035 257,660
727,137 698,960
CREDITORS
Amounts falling due within one year 303,970 254,155
NET CURRENT ASSETS 423,167 444,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

618,349

522,638

CREDITORS
Amounts falling due after more than one
year

(81,575

)

(92,543

)

PROVISIONS FOR LIABILITIES (11,734 ) (11,734 )
NET ASSETS 525,040 418,361

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 525,039 418,360
SHAREHOLDERS' FUNDS 525,040 418,361

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2023 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 director and authorised for issue on 12 July 2023 and were signed by:





N J Clayton - Director


N J C Thermal Covers (UK) Ltd (Registered number: 07776881)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

N J C Thermal Covers (UK) Ltd 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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 16 (2022 - 17 ) .

N J C Thermal Covers (UK) Ltd (Registered number: 07776881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 227,474
Additions 157,366
Disposals (14,633 )
At 31 January 2023 370,207
DEPRECIATION
At 1 February 2022 149,641
Charge for year 35,833
Eliminated on disposal (10,449 )
At 31 January 2023 175,025
NET BOOK VALUE
At 31 January 2023 195,182
At 31 January 2022 77,833

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
N J Clayton
Balance outstanding at start of year 286,374 297,727
Amounts advanced 96,160 81,110
Amounts repaid (130,000 ) (92,463 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 252,534 286,374

The loans were unsecured, repayable on demand and 2.5% interest was charged on the average balance of the loan.