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REGISTERED NUMBER: 08904627 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Thermovac Plastics (Uk) Ltd

Thermovac Plastics (Uk) Ltd (Registered number: 08904627)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Thermovac Plastics (Uk) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr P H Rawson
Mrs K E Rawson





SECRETARY: Mr P H Rawson





REGISTERED OFFICE: Unit 402 Bretton Business Park
Bretton Park Way
Dewsbury
West Yorkshire
WF12 9BS





REGISTERED NUMBER: 08904627 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Thermovac Plastics (Uk) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thermovac Plastics (Uk) Ltd for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thermovac Plastics (Uk) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thermovac Plastics (Uk) Ltd and state those matters that we have agreed to state to the Board of Directors of Thermovac Plastics (Uk) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thermovac Plastics (Uk) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thermovac Plastics (Uk) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thermovac Plastics (Uk) Ltd. You consider that Thermovac Plastics (Uk) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thermovac Plastics (Uk) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


14 November 2024

Thermovac Plastics (Uk) Ltd (Registered number: 08904627)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,799 65,672
Tangible assets 5 147,269 144,704
180,068 210,376

CURRENT ASSETS
Stocks 282,313 311,705
Debtors 6 449,308 486,933
Cash at bank 316,568 336,925
1,048,189 1,135,563
CREDITORS
Amounts falling due within one year 7 784,051 908,082
NET CURRENT ASSETS 264,138 227,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,206

437,857

CREDITORS
Amounts falling due after more than one
year

8

(22,900

)

(41,676

)

PROVISIONS FOR LIABILITIES (36,817 ) (37,331 )
NET ASSETS 384,489 358,850

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 384,487 358,848
384,489 358,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Thermovac Plastics (Uk) Ltd (Registered number: 08904627)

Balance Sheet - continued
30 April 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 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 14 November 2024 and were signed on its behalf by:





Mr P H Rawson - Director


Thermovac Plastics (Uk) Ltd (Registered number: 08904627)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Thermovac Plastics (Uk) Ltd 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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance and 20% 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 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.

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.

Thermovac Plastics (Uk) Ltd (Registered number: 08904627)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 657,444
AMORTISATION
At 1 May 2023 591,772
Charge for year 32,873
At 30 April 2024 624,645
NET BOOK VALUE
At 30 April 2024 32,799
At 30 April 2023 65,672

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 258,920 14,722 68,708 342,350
Additions 35,999 - - 35,999
At 30 April 2024 294,919 14,722 68,708 378,349
DEPRECIATION
At 1 May 2023 163,429 12,350 21,867 197,646
Charge for year 23,473 593 9,368 33,434
At 30 April 2024 186,902 12,943 31,235 231,080
NET BOOK VALUE
At 30 April 2024 108,017 1,779 37,473 147,269
At 30 April 2023 95,491 2,372 46,841 144,704

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 417,569 460,663
Other debtors 31,739 26,270
449,308 486,933

Thermovac Plastics (Uk) Ltd (Registered number: 08904627)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 17,954 22,242
Trade creditors 624,935 725,541
Taxation and social security 66,636 96,813
Other creditors 74,526 63,486
784,051 908,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 22,900 41,676

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year - 78,600

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 18,419 31,530

Included in bank loans and other creditors are loans which are secured by the directors.