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REGISTERED NUMBER: 02903212 (England and Wales)















Thames Coldstore Insulation Limited

Unaudited Financial Statements For The Year Ended 31 March 2023






Thames Coldstore Insulation Limited (Registered number: 02903212)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thames Coldstore Insulation Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mr C Bloomfield
Mrs F Bloomfield





REGISTERED OFFICE: Building 15
Gateway 1000
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP





REGISTERED NUMBER: 02903212 (England and Wales)

Thames Coldstore Insulation Limited (Registered number: 02903212)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 278,741 58,411

CURRENT ASSETS
Inventories 5 5,000 9,470
Debtors 6 800,116 565,722
Cash at bank and in hand 96,971 221,559
902,087 796,751
CREDITORS
Amounts falling due within one year 7 (534,558 ) (315,070 )
NET CURRENT ASSETS 367,529 481,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,270

540,092

PROVISIONS FOR LIABILITIES (69,686 ) (11,098 )
NET ASSETS 576,584 528,994

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 576,484 528,894
SHAREHOLDERS' FUNDS 576,584 528,994

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

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

Thames Coldstore Insulation Limited (Registered number: 02903212)

Balance Sheet - continued
31 March 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 29 November 2023 and were signed on its behalf by:





Mr C Bloomfield - Director


Thames Coldstore Insulation Limited (Registered number: 02903212)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Thames Coldstore Insulation 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
The turnover shown in the profit and loss account represents services performed during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Inventories 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.

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 3 (2022 - 3 ) .

Thames Coldstore Insulation Limited (Registered number: 02903212)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 20,817 24,995 115,754 161,566
Additions 5,277 474 259,327 265,078
Disposals - - (28,000 ) (28,000 )
At 31 March 2023 26,094 25,469 347,081 398,644
DEPRECIATION
At 1 April 2022 9,100 24,638 69,417 103,155
Charge for year 2,941 167 34,640 37,748
Eliminated on disposal - - (21,000 ) (21,000 )
At 31 March 2023 12,041 24,805 83,057 119,903
NET BOOK VALUE
At 31 March 2023 14,053 664 264,024 278,741
At 31 March 2022 11,717 357 46,337 58,411

5. INVENTORIES
2023 2022
£    £   
Stocks 5,000 9,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 795,313 561,897
Prepayments 4,803 3,825
800,116 565,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 221,288 136,462
Amounts owed to participating interests 95,179 46,879
Tax 130,316 77,169
Social security and other taxes 5,922 5,318
VAT 76,745 44,210
Other creditors 358 632
Accrued expenses 4,750 4,400
534,558 315,070

Thames Coldstore Insulation Limited (Registered number: 02903212)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

8. RELATED PARTY DISCLOSURES

During the year the company paid £669,201 (£25,257 in 2022) as dividends to Thames Coldstore Installation Ltd who is 100% shareholder.

At the year end date there was £95,179 owed toThames Coldstore Installation Ltd (£46,879 owed from in 2022).

Mr C Bloomfield and Mrs F Bloomfield are equal shareholders of Thames Coldstore Installation Ltd.