1 January 2023 false No description of principal activity Taxfiler 2024.5 10510398business:PrivateLimitedCompanyLtd2023-01-012023-12-31 105103982022-12-31 105103982023-01-012023-12-31 10510398business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10510398business:FilletedAccounts2023-01-012023-12-31 105103982023-12-31 10510398business:Director12023-01-012023-12-31 10510398business:RegisteredOffice2023-01-012023-12-31 105103982022-12-31 10510398core:WithinOneYear2023-12-31 10510398core:WithinOneYear2022-12-31 10510398core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10510398core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10510398core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10510398core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10510398core:PreviouslyStatedAmount2023-12-31 10510398core:PreviouslyStatedAmount2022-12-31 10510398business:SmallEntities2023-01-012023-12-31 10510398countries:EnglandWales2023-01-012023-12-31 10510398core:MotorVehicles2023-01-012023-12-31 10510398core:FurnitureFittings2023-01-012023-12-31 10510398core:ComputerEquipment2023-01-012023-12-31 10510398core:MotorVehicles2022-12-31 10510398core:FurnitureFittings2022-12-31 10510398core:ComputerEquipment2022-12-31 10510398core:MotorVehicles2023-12-31 10510398core:FurnitureFittings2023-12-31 10510398core:ComputerEquipment2023-12-31 10510398business:OrdinaryShareClass12023-01-012023-12-31 10510398business:OrdinaryShareClass12022-01-012022-12-31 10510398business:Director112023-01-012023-12-31 10510398business:Director112022-12-31 10510398business:Director112023-12-31 105103982022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10510398 (England and Wales)
Thermoglow Plumbing & Heating Ltd Unaudited accounts for the year ended 31 December 2023
Thermoglow Plumbing & Heating Ltd Unaudited accounts Contents
Page
- 2 -
Thermoglow Plumbing & Heating Ltd Company Information for the year ended 31 December 2023
Director
Phillip Smith
Company Number
10510398 (England and Wales)
Registered Office
62 Fell Drive Lee-on-the-solent England PO138JR ENGLAND
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
- 3 -
Thermoglow Plumbing & Heating Ltd Accountants' report
Accountants' report to the director of Thermoglow Plumbing & Heating Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Thermoglow Plumbing & Heating Ltd for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Thermoglow Plumbing & Heating Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Thermoglow Plumbing & Heating Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thermoglow Plumbing & Heating Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Thermoglow Plumbing & Heating Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Thermoglow Plumbing & Heating Ltd. You consider that Thermoglow Plumbing & Heating Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Thermoglow Plumbing & Heating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 26 March 2024
- 4 -
Thermoglow Plumbing & Heating Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,416 
1,887 
Current assets
Debtors
6,140 
9,529 
Cash at bank and in hand
1,248 
115 
7,388 
9,644 
Creditors: amounts falling due within one year
(8,542)
(11,431)
Net current liabilities
(1,154)
(1,787)
Net assets
262 
100 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
261 
99 
Shareholders' funds
262 
100 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2024 and were signed on its behalf by
Phillip Smith Director Company Registration No. 10510398
- 5 -
Thermoglow Plumbing & Heating Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Thermoglow Plumbing & Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 10510398. The registered office is 62 Fell Drive, Lee-on-the-solent , England, PO138JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% - reducing balance
Fixtures & fittings
25% - reducing balance
Computer equipment
25% - reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
6,694 
1,845 
719 
9,258 
At 31 December 2023
6,694 
1,845 
719 
9,258 
Depreciation
At 1 January 2023
5,370 
1,495 
506 
7,371 
Charge for the year
331 
87 
53 
471 
At 31 December 2023
5,701 
1,582 
559 
7,842 
Net book value
At 31 December 2023
993 
263 
160 
1,416 
At 31 December 2022
1,324 
350 
213 
1,887 
- 6 -
Thermoglow Plumbing & Heating Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,920 
Accrued income and prepayments
122 
138 
Other debtors
6,018 
6,471 
6,140 
9,529 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,994 
4,119 
Loans from directors
- 
6,126 
Accruals
1,548 
1,186 
8,542 
11,431 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Phillip Smith
Director Loan Account
(6,126)
(3,795)
(13,522)
3,601 
(6,126)
(3,795)
(13,522)
3,601 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -