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REGISTERED NUMBER: 08641242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ESSEX THERMAL SERVICES LIMITED

ESSEX THERMAL SERVICES LIMITED (REGISTERED NUMBER: 08641242)

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


ESSEX THERMAL SERVICES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Henstock
L Thomas





REGISTERED OFFICE: 1st Floor Office Suite
9 Waterside Court
Galleon Boulevard
Dartford
Kent
DA2 6NX





REGISTERED NUMBER: 08641242 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ

ESSEX THERMAL SERVICES LIMITED (REGISTERED NUMBER: 08641242)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 424,166 93,692

CURRENT ASSETS
Debtors 5 3,556,644 2,371,303
Cash at bank 1,117,062 547,493
4,673,706 2,918,796
CREDITORS
Amounts falling due within one year 6 (3,470,558 ) (2,122,071 )
NET CURRENT ASSETS 1,203,148 796,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,627,314

890,417

CREDITORS
Amounts falling due after more than one year 7 (220,968 ) (125,918 )

PROVISIONS FOR LIABILITIES (17,798 ) (17,798 )
NET ASSETS 1,388,548 746,701

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,388,448 746,601
1,388,548 746,701

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.

ESSEX THERMAL SERVICES LIMITED (REGISTERED NUMBER: 08641242)

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 8 October 2024 and were signed on its behalf by:




T Henstock - Director



L Thomas - Director


ESSEX THERMAL SERVICES LIMITED (REGISTERED NUMBER: 08641242)

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


1. STATUTORY INFORMATION

Essex Thermal Services 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.

The presentation currency is £ sterling.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

ESSEX THERMAL SERVICES LIMITED (REGISTERED NUMBER: 08641242)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 14,317 180,565 194,882
Additions 4,918 385,827 390,745
Disposals (14,317 ) (11,016 ) (25,333 )
At 31 March 2024 4,918 555,376 560,294
DEPRECIATION
At 1 April 2023 7,769 93,421 101,190
Charge for year 410 50,294 50,704
Eliminated on disposal (7,769 ) (7,997 ) (15,766 )
At 31 March 2024 410 135,718 136,128
NET BOOK VALUE
At 31 March 2024 4,508 419,658 424,166
At 31 March 2023 6,548 87,144 93,692

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 112,660
DEPRECIATION
At 1 April 2023 59,314
Charge for year 38,105
At 31 March 2024 97,419
NET BOOK VALUE
At 31 March 2024 15,241
At 31 March 2023 53,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,989,635 2,077,770
Other debtors 567,009 293,533
3,556,644 2,371,303

ESSEX THERMAL SERVICES LIMITED (REGISTERED NUMBER: 08641242)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 49,088 39,067
Trade creditors 2,453,275 1,536,368
Taxation and social security 582,245 423,503
Other creditors 385,950 123,133
3,470,558 2,122,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 177,960 14,803
Other creditors 43,008 111,115
220,968 125,918

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 49,088 39,067
Between one and five years 177,960 14,803
227,048 53,870

Non-cancellable operating leases
2024 2023
£    £   
Within one year 194,024 71,628
Between one and five years 381,702 143,249
575,726 214,877

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
L Thomas
Balance outstanding at start of year - -
Amounts advanced 44,432 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,432 -

The director's loan is repayable on demand and attracts interest at 2.25% per annum.