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THERMO CONSULT LIMITED

REPORT OF THE DIRECTOR AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THERMO CONSULT LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTOR: M Rowe





REGISTERED OFFICE: Premier Suite
4 Churchill Court
58 Station Road
North Harrow
HA2 7ST





REGISTERED NUMBER: 02816182 (England and Wales)






THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335 440
Investment property 5 458,327 458,327
458,662 458,767

CURRENT ASSETS
Stocks 42,250 45,000
Debtors 6 173,524 90,820
Cash at bank 17,941 1,588
233,715 137,408
CREDITORS
Amounts falling due within one year 7 113,994 30,898
NET CURRENT ASSETS 119,721 106,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,383

565,277

CREDITORS
Amounts falling due after more than one
year

8

(386,839

)

(382,526

)

PROVISIONS FOR LIABILITIES (38,000 ) (38,000 )
NET ASSETS 153,544 144,751

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 162,000 162,000
Retained earnings (8,556 ) (17,349 )
SHAREHOLDERS' FUNDS 153,544 144,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

STATEMENT OF FINANCIAL POSITION - continued
31 May 2024


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 26 July 2024 and were signed by:





M Rowe - Director


THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024


1. STATUTORY INFORMATION

Thermo Consult 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The entire turnover of the company relates to export services.

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 etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks comprise freehold property held for development, and is stated at lower of cost and net realisable value.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 June 2023
and 31 May 2024 955
Depreciation
At 1 June 2023 515
Charge for year 105
At 31 May 2024 620
Net book value
At 31 May 2024 335
At 31 May 2023 440

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 June 2023
and 31 May 2024 458,327
Net book value
At 31 May 2024 458,327
At 31 May 2023 458,327

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 200,000
Cost 258,327
458,327

THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 258,327 258,327

Investment properties were valued on market value basis on 31 May 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 173,524 90,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,656 19,818
Taxation and social security 1,235 -
Other creditors 107,103 11,080
113,994 30,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 386,839 382,526

Amounts falling due in more than five years:

Repayable by instalments
Bank loans falling due after 5 years 364,214 289,061

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 392,495 402,344

Bank loan is secured on investment properties.

10. CONTINGENT LIABILITIES

As far as the Board is aware there were no contingent liabilities at the Balance Sheet date.


THERMO CONSULT LIMITED (REGISTERED NUMBER: 02816182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


11. ULTIMATE CONTROLLING PARTY

The controlling party is M Rowe.