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REGISTERED NUMBER: 07568316 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Thermal Fluid Engineering Limited

Thermal Fluid Engineering Limited (Registered number: 07568316)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thermal Fluid Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J L Franklin
Mrs J M Franklin





REGISTERED OFFICE: Marston Lodge
2 The Bungalows
Chipnall
CHESWARDINE
Shropshire
TF9 2RJ





REGISTERED NUMBER: 07568316 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Thermal Fluid Engineering Limited (Registered number: 07568316)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,533 2,284

CURRENT ASSETS
Debtors 5 51,400 68,565
Cash at bank 122,372 99,230
173,772 167,795
CREDITORS
Amounts falling due within one year 6 68,076 42,952
NET CURRENT ASSETS 105,696 124,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,229

127,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,129 127,027
SHAREHOLDERS' FUNDS 109,229 127,127

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.

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 8 August 2024 and were signed on its behalf by:





J L Franklin - Director


Thermal Fluid Engineering Limited (Registered number: 07568316)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thermal Fluid Engineering 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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Thermal Fluid Engineering Limited (Registered number: 07568316)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,095 8,609 9,704
Additions - 3,751 3,751
Disposals - (537 ) (537 )
At 31 March 2024 1,095 11,823 12,918
DEPRECIATION
At 1 April 2023 809 6,611 7,420
Charge for year 101 2,353 2,454
Eliminated on disposal - (489 ) (489 )
At 31 March 2024 910 8,475 9,385
NET BOOK VALUE
At 31 March 2024 185 3,348 3,533
At 31 March 2023 286 1,998 2,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 51,400 68,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,109 2,163
Tax 5,787 7,963
Social security and other taxes - 625
VAT 7,576 8,481
Net wage control 800 -
Directors' current accounts 46,079 22,095
Accrued expenses 1,725 1,625
68,076 42,952