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REGISTERED NUMBER: 04807621 (England and Wales)














Financial Statements for the Year Ended 31 October 2023

for

Global Thermal Services Limited

Global Thermal Services Limited (Registered number: 04807621)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Global Thermal Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr K S Hunter
Mr S J Marling





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 04807621 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Global Thermal Services Limited (Registered number: 04807621)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 31,284 14,182

CURRENT ASSETS
Debtors 5 75,367 18,274
Cash at bank 41,799 38,784
117,166 57,058
CREDITORS
Amounts falling due within one year 6 53,671 25,616
NET CURRENT ASSETS 63,495 31,442
TOTAL ASSETS LESS CURRENT LIABILITIES 94,779 45,624

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,679 45,524
SHAREHOLDERS' FUNDS 94,779 45,624

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

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

Global Thermal Services Limited (Registered number: 04807621)

Statement of Financial Position - continued
31 October 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 18 April 2024 and were signed on its behalf by:




Mr K S Hunter - Director



Mr S J Marling - Director


Global Thermal Services Limited (Registered number: 04807621)

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

1. STATUTORY INFORMATION

Global Thermal Services 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
Revenue 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 statement of financial position date.

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 2 (2022 - 2 ) .

Global Thermal Services Limited (Registered number: 04807621)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 4,538 6,211 72,557 8,892 92,198
Additions - - 26,750 498 27,248
At 31 October 2023 4,538 6,211 99,307 9,390 119,446
DEPRECIATION
At 1 November 2022 4,407 4,220 61,403 7,986 78,016
Charge for year 20 299 9,476 351 10,146
At 31 October 2023 4,427 4,519 70,879 8,337 88,162
NET BOOK VALUE
At 31 October 2023 111 1,692 28,428 1,053 31,284
At 31 October 2022 131 1,991 11,154 906 14,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 75,367 18,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 30,146 1,183
Taxation and social security 20,348 18,145
Other creditors 3,177 6,288
53,671 25,616

7. RELATED PARTY DISCLOSURES

The Directors Mr S Marling and Mr K Hunter are considered to be the key management personnel.