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REGISTERED NUMBER: 12509153 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Warmatic Limited

Warmatic Limited (Registered number: 12509153)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Warmatic Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: K V Byrne





REGISTERED OFFICE: Unit 2d Vaughan Court
Bolckow Road Industrial Estate
MIDDLESBROUGH
Teesside
TS6 7BJ





REGISTERED NUMBER: 12509153 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

Warmatic Limited (Registered number: 12509153)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 223,635 66,216

CURRENT ASSETS
Stocks 5 164,000 113,876
Debtors 6 157,568 163,753
Cash in hand 108,147 18,308
429,715 295,937
CREDITORS
Amounts falling due within one year 7 244,350 147,398
NET CURRENT ASSETS 185,365 148,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,000

214,755

CREDITORS
Amounts falling due after more than one
year

8

(143,856

)

(53,553

)

PROVISIONS FOR LIABILITIES 11 (35,512 ) (15,261 )
NET ASSETS 229,632 145,941

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 229,532 145,841
SHAREHOLDERS' FUNDS 229,632 145,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Warmatic Limited (Registered number: 12509153)

Balance Sheet - continued
30 June 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 director and authorised for issue on 2 December 2024 and were signed by:





K V Byrne - Director


Warmatic Limited (Registered number: 12509153)

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

1. STATUTORY INFORMATION

Warmatic 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.

There were no material departures from that standard.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax. Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

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 - 10% Straight Line
Motor Vehicles - 15% Straight Line
Computer Equipment - 15% Straight Line
Fixtures and Fittings - 15% Straight Line


Tangible fixed assets are measures at cost less accumulated depreciation and impairment.

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 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.


Warmatic Limited (Registered number: 12509153)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 48,137 136 13,998 7,652 69,923
Additions 159,507 10,672 4,400 791 175,370
At 30 June 2024 207,644 10,808 18,398 8,443 245,293
DEPRECIATION
At 1 July 2023 2,706 2 467 532 3,707
Charge for year 13,321 646 2,799 1,185 17,951
At 30 June 2024 16,027 648 3,266 1,717 21,658
NET BOOK VALUE
At 30 June 2024 191,617 10,160 15,132 6,726 223,635
At 30 June 2023 45,431 134 13,531 7,120 66,216

Warmatic Limited (Registered number: 12509153)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 13,998
DEPRECIATION
At 1 July 2023
and 30 June 2024 467
NET BOOK VALUE
At 30 June 2024 13,531
At 30 June 2023 13,531

5. STOCKS
2024 2023
£    £   
Stocks 109,000 41,344
Work-in-progress 55,000 72,532
164,000 113,876

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,581 152,764
Other debtors 3,012 99
Prepayments and accrued income 4,975 10,890
157,568 163,753

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,435 4,357
Hire Purchase 23,911 4,235
Trade creditors 112,973 68,996
Taxation and social security 45,127 27,937
Other creditors 916 1,248
Directors' current accounts 24,957 36,480
Accruals and deferred income 31,031 4,145
244,350 147,398

Warmatic Limited (Registered number: 12509153)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 38,711 44,146
Hire Purchase 105,145 9,407
143,856 53,553

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,281 7,591
Between one and five years 25,534 33,815
33,815 41,406

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 44,146 48,503

Bank loans and overdrafts are subject to a fixed and floating charge over the assets and undertakings of the company. Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 35,512 15,261

Deferred
tax
£   
Balance at 1 July 2023 15,261
Accelerated capital allowances 20,251
Balance at 30 June 2024 35,512

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Warmatic Limited (Registered number: 12509153)

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

13. RELATED PARTY DISCLOSURES

2024 2023
£ £

Amounts due to directors 24,957 36,480

No interest has been charged on the amounts owed to the director.