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REGISTERED NUMBER: 11619150 (England and Wales)















THERMALVENT (WALES & WEST) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






THERMALVENT (WALES & WEST) LIMITED (REGISTERED NUMBER: 11619150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THERMALVENT (WALES & WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr. J C Davies
Mr P Jones
Mr P Russell





REGISTERED OFFICE: Suite 14
Cedar Court Havens Head Business Park
Hakin
Milford Haven
SA73 3LS





REGISTERED NUMBER: 11619150 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

THERMALVENT (WALES & WEST) LIMITED (REGISTERED NUMBER: 11619150)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,186 19,081

CURRENT ASSETS
Stocks 1,638 14,600
Debtors 5 89,196 73,123
Cash at bank 62,573 42,872
153,407 130,595
CREDITORS
Amounts falling due within one year 6 96,236 69,841
NET CURRENT ASSETS 57,171 60,754
TOTAL ASSETS LESS CURRENT LIABILITIES 119,357 79,835

CREDITORS
Amounts falling due after more than one year 7 9,145 -
NET ASSETS 110,212 79,835

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 109,912 79,535
SHAREHOLDERS' FUNDS 110,212 79,835

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th October 2024 and were signed on its behalf by:



Mr. J C Davies - Director


THERMALVENT (WALES & WEST) LIMITED (REGISTERED NUMBER: 11619150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Thermalvent (Wales & West) 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% straight line on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% straight line on cost

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.

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 - 2 ) .

THERMALVENT (WALES & WEST) LIMITED (REGISTERED NUMBER: 11619150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 17,936 5,000 1,365 24,301
Additions 20,795 32,750 377 53,922
At 31st March 2024 38,731 37,750 1,742 78,223
DEPRECIATION
At 1st April 2023 2,479 2,242 499 5,220
Charge for year 9,250 1,155 412 10,817
At 31st March 2024 11,729 3,397 911 16,037
NET BOOK VALUE
At 31st March 2024 27,002 34,353 831 62,186
At 31st March 2023 15,457 2,758 866 19,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88,254 71,048
Other debtors 942 2,075
89,196 73,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,947 -
Trade creditors 75,455 43,324
Taxation and social security 14,033 22,227
Other creditors 1,801 4,290
96,236 69,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,145 -