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Company Registration No. 10650042 (England and Wales)
Thermascreed Limited Unaudited accounts for the year ended 31 March 2024
Thermascreed Limited Unaudited accounts Contents
Page
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Thermascreed Limited Company Information for the year ended 31 March 2024
Director
Keelan Dudbridge
Company Number
10650042 (England and Wales)
Registered Office
Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS21 7NP
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Thermascreed Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,343 
16,987 
Current assets
Inventories
20,000 
20,000 
Debtors
57,815 
70,769 
Cash at bank and in hand
57,727 
21,882 
135,542 
112,651 
Creditors: amounts falling due within one year
(61,698)
(92,001)
Net current assets
73,844 
20,650 
Total assets less current liabilities
101,187 
37,637 
Creditors: amounts falling due after more than one year
(36,083)
(35,085)
Provisions for liabilities
Deferred tax
(5,195)
(2,228)
Net assets
59,909 
324 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
59,809 
224 
Shareholders' funds
59,909 
324 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2024 and were signed on its behalf by
Keelan Dudbridge Director Company Registration No. 10650042
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Thermascreed Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Thermascreed Limited is a private company, limited by shares, registered in England and Wales, registration number 10650042. The registered office is Edinburgh House, 1-5 Bellevue Road, Clevedon, North Somerset, BS21 7NP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
53,677 
49,718 
5,312 
108,707 
Additions
- 
25,625 
241 
25,866 
At 31 March 2024
53,677 
75,343 
5,553 
134,573 
Depreciation
At 1 April 2023
37,953 
48,850 
4,917 
91,720 
Charge for the year
8,052 
7,273 
185 
15,510 
At 31 March 2024
46,005 
56,123 
5,102 
107,230 
Net book value
At 31 March 2024
7,672 
19,220 
451 
27,343 
At 31 March 2023
15,724 
868 
395 
16,987 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,545 
67,499 
Accrued income and prepayments
600 
600 
Other debtors
2,670 
2,670 
57,815 
70,769 
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Thermascreed Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,638 
10,000 
VAT
(8,273)
19,216 
Obligations under finance leases and hire purchase contracts
4,940 
4,940 
Trade creditors
- 
20,174 
Taxes and social security
33,043 
33,185 
Loans from directors
13,350 
1,016 
Accruals
- 
3,470 
61,698 
92,001 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,779 
21,667 
Obligations under finance leases and hire purchase contracts
7,884 
13,418 
Accruals
2,420 
- 
36,083 
35,085 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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