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REGISTERED NUMBER: 05162076 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Thermech Solutions Limited

Thermech Solutions Limited (Registered number: 05162076)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thermech Solutions Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: C Stevens





SECRETARY: J Stevens





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 05162076 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Thermech Solutions Limited (Registered number: 05162076)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 27,348 38,264

CURRENT ASSETS
Stocks 2,750 2,200
Debtors 6 144,289 32,154
Cash at bank 92,139 139,584
239,178 173,938
CREDITORS
Amounts falling due within one
year

7

114,836

78,917
NET CURRENT ASSETS 124,342 95,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,690

133,285

CREDITORS
Amounts falling due after more
than one year

8

(16,638

)

(34,505

)

PROVISIONS FOR LIABILITIES (5,194 ) (7,270 )
NET ASSETS 129,858 91,510

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 129,848 91,500
SHAREHOLDERS' FUNDS 129,858 91,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 1 March 2024 and were signed by:





C Stevens - Director


Thermech Solutions Limited (Registered number: 05162076)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Thermech 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Thermech Solutions Limited (Registered number: 05162076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 16,527 3,197 32,172 12,120 64,016
Additions - - - 2,285 2,285
At 30 June 2023 16,527 3,197 32,172 14,405 66,301
DEPRECIATION
At 1 July 2022 4,054 2,175 12,064 7,459 25,752
Charge for year 2,020 722 8,043 2,416 13,201
At 30 June 2023 6,074 2,897 20,107 9,875 38,953
NET BOOK VALUE
At 30 June 2023 10,453 300 12,065 4,530 27,348
At 30 June 2022 12,473 1,022 20,108 4,661 38,264

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 32,172
DEPRECIATION
At 1 July 2022 12,064
Charge for year 8,043
At 30 June 2023 20,107
NET BOOK VALUE
At 30 June 2023 12,065
At 30 June 2022 20,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,118 21,405
Other debtors 33,171 10,749
144,289 32,154

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,039 7,857
Hire purchase contracts 9,828 4,847
Trade creditors 47,149 31,916
Taxation and social security 35,302 16,714
Other creditors 14,518 17,583
114,836 78,917

Thermech Solutions Limited (Registered number: 05162076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,638 24,677
Hire purchase contracts - 9,828
16,638 34,505

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,677 32,534
Hire purchase contracts 9,828 14,675
34,505 47,209

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Stevens.