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
Thermoglow Plumbing & Heating Ltd
Company Information
for the year ended 31 December 2023
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
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
Thermoglow Plumbing & Heating Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
1,416
1,887
Cash at bank and in hand
1,248
115
Creditors: amounts falling due within one year
(8,542)
(11,431)
Net current liabilities
(1,154)
(1,787)
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
Thermoglow Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 December 2023
993
263
160
1,416
At 31 December 2022
1,324
350
213
1,887
Thermoglow Plumbing & Heating Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
122
138
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,994
4,119
Loans from directors
-
6,126
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).