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REGISTERED NUMBER: 02903212 (England and Wales)















Thames Coldstore Insulation Limited

Unaudited Financial Statements For The Year Ended 31 March 2024






Thames Coldstore Insulation Limited (Registered number: 02903212)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thames Coldstore Insulation Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mr C Bloomfield
Mrs F Bloomfield





REGISTERED OFFICE: Building 15
Gateway 1000
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP





REGISTERED NUMBER: 02903212 (England and Wales)

Thames Coldstore Insulation Limited (Registered number: 02903212)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 366,169 278,741

CURRENT ASSETS
Inventories 5 5,000 5,000
Debtors 6 51,485 800,116
Cash at bank and in hand 196,513 96,971
252,998 902,087
CREDITORS
Amounts falling due within one year 7 (527,455 ) (534,558 )
NET CURRENT (LIABILITIES)/ASSETS (274,457 ) 367,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,712

646,270

PROVISIONS FOR LIABILITIES (91,543 ) (69,686 )
NET ASSETS 169 576,584

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69 576,484
SHAREHOLDERS' FUNDS 169 576,584

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

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

Thames Coldstore Insulation Limited (Registered number: 02903212)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mr C Bloomfield - Director


Thames Coldstore Insulation Limited (Registered number: 02903212)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thames Coldstore Insulation 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.

Turnover
The turnover shown in the profit and loss account represents services performed during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Inventories 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.

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 3 (2023 - 3 ) .

Thames Coldstore Insulation Limited (Registered number: 02903212)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 26,094 25,469 347,081 398,644
Additions - 1,103 178,397 179,500
Disposals (1,721 ) (1,825 ) (9,080 ) (12,626 )
At 31 March 2024 24,373 24,747 516,398 565,518
DEPRECIATION
At 1 April 2023 12,041 24,805 83,057 119,903
Charge for year 3,409 288 88,060 91,757
Eliminated on disposal (1,406 ) (1,825 ) (9,080 ) (12,311 )
At 31 March 2024 14,044 23,268 162,037 199,349
NET BOOK VALUE
At 31 March 2024 10,329 1,479 354,361 366,169
At 31 March 2023 14,053 664 264,024 278,741

5. INVENTORIES
2024 2023
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,950 795,313
Other debtors 195 -
Prepayments 6,340 4,803
51,485 800,116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 217,352 221,288
Amounts owed to participating interests 45,052 95,179
Tax 224,103 130,316
Social security and other taxes 9,132 5,922
VAT 26,385 76,745
Other creditors 580 358
Directors' current accounts 1 -
Accrued expenses 4,850 4,750
527,455 534,558

Thames Coldstore Insulation Limited (Registered number: 02903212)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

During the year the company paid £1,309,100 (£669,201 in 2023) as dividends to Thames Coldstore Installation Ltd who is 100% shareholder.

At the year end date there was £45,052 owed to Thames Coldstore Installation Ltd (£95,179 owed to in 2023).

Mr C Bloomfield and Mrs F Bloomfield are equal shareholders of Thames Coldstore Installation Ltd.