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REGISTERED NUMBER: 01150836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THELKANE INDUSTRIAL CHIMNEYS LIMITED

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THELKANE INDUSTRIAL CHIMNEYS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Mr M Schofield





REGISTERED OFFICE: Copse Road
Fleetwood
Lancashire
FY7 6RP





REGISTERED NUMBER: 01150836 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 281,681 282,637
Investments 5 3,657 3,657
285,338 286,294

CURRENT ASSETS
Stocks 6 106,700 100,400
Debtors 7 218,868 164,484
Cash at bank and in hand 149,347 48,650
474,915 313,534
CREDITORS
Amounts falling due within one year 8 206,884 96,787
NET CURRENT ASSETS 268,031 216,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,369

503,041

PROVISIONS FOR LIABILITIES 9 12,116 10,518
NET ASSETS 541,253 492,523

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 59,762 59,762
Retained earnings 11 481,391 432,661
SHAREHOLDERS' FUNDS 541,253 492,523

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

BALANCE SHEET - continued
31 January 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 director and authorised for issue on 31 October 2024 and were signed by:





Mr M Schofield - Director


THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Thelkane Industrial Chimneys 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.
Long leasehold - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

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 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long Plant and and
property leasehold machinery fittings Totals
£    £    £    £    £   
COST
At 1 February 2023 137,863 165,800 136,653 26,121 466,437
Additions - - 9,446 - 9,446
At 31 January 2024 137,863 165,800 146,099 26,121 475,883
DEPRECIATION
At 1 February 2023 - 82,431 76,164 25,205 183,800
Charge for year - 3,316 6,994 92 10,402
At 31 January 2024 - 85,747 83,158 25,297 194,202
NET BOOK VALUE
At 31 January 2024 137,863 80,053 62,941 824 281,681
At 31 January 2023 137,863 83,369 60,489 916 282,637

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 February 2023
and 31 January 2024 3,657
NET BOOK VALUE
At 31 January 2024 3,657
At 31 January 2023 3,657

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 44,700 54,300
Work-in-progress 62,000 46,100
106,700 100,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 218,168 150,369
Other debtors 700 14,115
218,868 164,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 107,203 7,316
Site Account 716 2,050
Tax 486 -
Social security and pensions 5,805 9,152
VAT 32,954 17,586
Directors' current accounts 57,805 58,795
Accrued expenses 1,915 1,888
206,884 96,787

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 12,116 10,518

Deferred
tax
£   
Balance at 1 February 2023 10,518
Movement 1,598
Balance at 31 January 2024 12,116

THELKANE INDUSTRIAL CHIMNEYS LIMITED (REGISTERED NUMBER: 01150836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 432,661 59,762 492,423
Profit for the year 56,530 56,530
Dividends (7,800 ) (7,800 )
At 31 January 2024 481,391 59,762 541,153