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REGISTERED NUMBER: 02369430 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRANSTHERM COOLING INDUSTRIES LIMITED

TRANSTHERM COOLING INDUSTRIES LIMITED (REGISTERED NUMBER: 02369430)

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


TRANSTHERM COOLING INDUSTRIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: K C Bound
Mrs L I Bound
N J Bound
T J Bound
Mrs C Bound
Mrs E Bound





REGISTERED OFFICE: 2 Banner Park
Wickmans Drive
Coventry
West Midlands
CV4 9XA





REGISTERED NUMBER: 02369430 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

TRANSTHERM COOLING INDUSTRIES LIMITED (REGISTERED NUMBER: 02369430)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,997 48,245

CURRENT ASSETS
Stocks 360,000 360,000
Debtors 5 2,789,656 2,006,241
Cash at bank 463,269 414,776
3,612,925 2,781,017
CREDITORS
Amounts falling due within one year 6 2,498,965 1,947,924
NET CURRENT ASSETS 1,113,960 833,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,957

881,338

CREDITORS
Amounts falling due after more than one
year

7

(41,424

)

(69,833

)

PROVISIONS FOR LIABILITIES (6,063 ) (5,207 )
NET ASSETS 1,115,470 806,298

CAPITAL AND RESERVES
Called up share capital 156 156
Share premium 99,994 99,994
Retained earnings 1,015,320 706,148
SHAREHOLDERS' FUNDS 1,115,470 806,298

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.

TRANSTHERM COOLING INDUSTRIES LIMITED (REGISTERED NUMBER: 02369430)

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 11 November 2024 and were signed on its behalf by:





N J Bound - Director


TRANSTHERM COOLING INDUSTRIES LIMITED (REGISTERED NUMBER: 02369430)

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


1. STATUTORY INFORMATION

Transtherm Cooling Industries 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.

Goodwill
Goodwill, is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 25% on reducing balance

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 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.

TRANSTHERM COOLING INDUSTRIES LIMITED (REGISTERED NUMBER: 02369430)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 352,949
Additions 15,767
At 31 March 2024 368,716
DEPRECIATION
At 1 April 2023 304,704
Charge for year 15,015
At 31 March 2024 319,719
NET BOOK VALUE
At 31 March 2024 48,997
At 31 March 2023 48,245


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,599,998 839,457
Other debtors 1,189,658 1,166,784
2,789,656 2,006,241

TRANSTHERM COOLING INDUSTRIES LIMITED (REGISTERED NUMBER: 02369430)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,576 30,167
Trade creditors 1,232,319 783,602
Taxation and social security 135,468 179,141
Other creditors 1,102,602 955,014
2,498,965 1,947,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 41,424 69,833

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by Section 1A of FRS102 and has not disclosed transactions with group undertakings.

The directors hold 100% of the share capital of the parent company, Transtherm Group Holdings Limited.

At 31 March 2024 other creditors included loans made to the company by the directors of £30,280 (2023: £nil). The loans are interest free and have no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of its parent company Transtherm Group Holdings Limited.