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REGISTERED NUMBER: 01973476 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Thermax Contracting Services Limited

Thermax Contracting Services Limited (Registered number: 01973476)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thermax Contracting Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr S J Hedley
Mr R B Hedley





REGISTERED OFFICE: 18-24 Gleadless Road
Sheffield
South Yorkshire
S2 3AB





REGISTERED NUMBER: 01973476 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Thermax Contracting Services Limited (Registered number: 01973476)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,376 325,007

CURRENT ASSETS
Debtors 5 176,518 84,509
Cash at bank 85 91,817
176,603 176,326
CREDITORS
Amounts falling due within one year 6 163,966 141,320
NET CURRENT ASSETS 12,637 35,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,013

360,013

CREDITORS
Amounts falling due after more than
one year

7

(256,998

)

(318,921

)

PROVISIONS FOR LIABILITIES 8 (5,212 ) (5,142 )
NET ASSETS 75,803 35,950

Thermax Contracting Services Limited (Registered number: 01973476)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 75,303 35,450
SHAREHOLDERS' FUNDS 75,803 35,950

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.

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 25 July 2024 and were signed on its behalf by:





Mr S J Hedley - Director


Thermax Contracting Services Limited (Registered number: 01973476)

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

1. STATUTORY INFORMATION

Thermax Contracting Services Ltd is a private company , limited by shares , registered in England and Wales. The company's registered number is 01973476 and registered office address is Unit 1, 82 Eldon Street, Sheffield,South Yorkshire, S1 4GT.

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 represents net invoiced sales of goods and services excluding value added tax.

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 basis
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 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.

Thermax Contracting Services Limited (Registered number: 01973476)

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

2. ACCOUNTING POLICIES - continued

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.

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 297,945 25,094 29,079 31,840 383,958
Additions - - - 5,495 5,495
At 31 October 2023 297,945 25,094 29,079 37,335 389,453
DEPRECIATION
At 1 November 2022 - 8,719 19,906 30,326 58,951
Charge for year - 2,456 917 1,753 5,126
At 31 October 2023 - 11,175 20,823 32,079 64,077
NET BOOK VALUE
At 31 October 2023 297,945 13,919 8,256 5,256 325,376
At 31 October 2022 297,945 16,375 9,173 1,514 325,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 173,957 84,509
Other debtors 2,561 -
176,518 84,509

Thermax Contracting Services Limited (Registered number: 01973476)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 89,243 69,520
Trade creditors 47,789 65,243
Taxation and social security 7,962 (9,525 )
Other creditors 18,972 16,082
163,966 141,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 256,998 318,921

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 123,779 168,138

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,212 5,142

Deferred
tax
£   
Balance at 1 November 2022 5,142
Provided during year 70
Balance at 31 October 2023 5,212