IRIS Accounts Production v24.3.2.46 12021474 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary A Shares 0.01000 Ordinary B Shares 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120214742023-07-31120214742024-07-31120214742023-08-012024-07-31120214742022-07-31120214742022-08-012023-07-31120214742023-07-3112021474ns15:EnglandWales2023-08-012024-07-3112021474ns14:PoundSterling2023-08-012024-07-3112021474ns10:Director12023-08-012024-07-3112021474ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112021474ns10:SmallEntities2023-08-012024-07-3112021474ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112021474ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112021474ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112021474ns10:FullAccounts2023-08-012024-07-3112021474ns10:OrdinaryShareClass12023-08-012024-07-3112021474ns10:OrdinaryShareClass22023-08-012024-07-3112021474ns10:Director22023-08-012024-07-3112021474ns10:RegisteredOffice2023-08-012024-07-3112021474ns5:CurrentFinancialInstruments2024-07-3112021474ns5:CurrentFinancialInstruments2023-07-3112021474ns5:Non-currentFinancialInstruments2024-07-3112021474ns5:Non-currentFinancialInstruments2023-07-3112021474ns5:ShareCapital2024-07-3112021474ns5:ShareCapital2023-07-3112021474ns5:RetainedEarningsAccumulatedLosses2024-07-3112021474ns5:RetainedEarningsAccumulatedLosses2023-07-311202147412023-08-012024-07-3112021474ns5:PlantMachinery2023-08-012024-07-3112021474ns5:FurnitureFittings2023-08-012024-07-3112021474ns5:ComputerEquipment2023-08-012024-07-3112021474ns5:PlantMachinery2023-07-3112021474ns5:FurnitureFittings2023-07-3112021474ns5:ComputerEquipment2023-07-3112021474ns5:PlantMachinery2024-07-3112021474ns5:FurnitureFittings2024-07-3112021474ns5:ComputerEquipment2024-07-3112021474ns5:PlantMachinery2023-07-3112021474ns5:FurnitureFittings2023-07-3112021474ns5:ComputerEquipment2023-07-3112021474ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3112021474ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3112021474ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112021474ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3112021474ns10:OrdinaryShareClass12024-07-3112021474ns10:OrdinaryShareClass22024-07-31
REGISTERED NUMBER: 12021474 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THERMIC EDGE CERAMICS AND GRAPHITE LTD

THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THERMIC EDGE CERAMICS AND GRAPHITE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R M Oliver
R Burgess





REGISTERED OFFICE: 3 Long Beach Mews
Eastbourne
East Sussex
BN23 5NF





REGISTERED NUMBER: 12021474 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 212,158 41,606

CURRENT ASSETS
Stocks 5,059 73,059
Debtors 5 157,092 127,646
Cash at bank and in hand 28,711 9,021
190,862 209,726
CREDITORS
Amounts falling due within one year 6 (107,642 ) (169,167 )
NET CURRENT ASSETS 83,220 40,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,378

82,165

CREDITORS
Amounts falling due after more than one
year

7

(51,600

)

-
NET ASSETS 243,778 82,165

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 243,777 82,164
SHAREHOLDERS' FUNDS 243,778 82,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)

BALANCE SHEET - continued
31 JULY 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





R Burgess - Director


THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Thermic Edge Ceramics and Graphite 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 57,678 5,694 3,401 66,773
Additions 190,597 4,691 1,314 196,602
At 31 July 2024 248,275 10,385 4,715 263,375
DEPRECIATION
At 1 August 2023 20,736 1,546 2,885 25,167
Charge for year 24,490 1,123 437 26,050
At 31 July 2024 45,226 2,669 3,322 51,217
NET BOOK VALUE
At 31 July 2024 203,049 7,716 1,393 212,158
At 31 July 2023 36,942 4,148 516 41,606

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 80,000
At 31 July 2024 80,000
DEPRECIATION
Charge for year 8,656
At 31 July 2024 8,656
NET BOOK VALUE
At 31 July 2024 71,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,312 123,923
Other debtors 20,780 3,723
157,092 127,646

THERMIC EDGE CERAMICS AND GRAPHITE LTD (REGISTERED NUMBER: 12021474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,400 -
Trade creditors 14,169 27,048
Amounts owed to associates 20,698 79,553
Taxation and social security 47,747 53,767
Other creditors 10,628 8,799
107,642 169,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 51,600 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A Shares 0.01 1 1
50 Ordinary B Shares 0.01 - -
1 1

9. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £20,698 (2023: £79,553) was owed from a company R J Burgess and SM Burgess have a controlling interest in (Thermic Edge Ltd).