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REGISTERED NUMBER: 05162076 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Thermech Solutions Limited

Thermech Solutions Limited (Registered number: 05162076)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thermech Solutions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: C Stevens





SECRETARY: J Stevens





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 05162076 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Thermech Solutions Limited (Registered number: 05162076)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 53,707 27,348

CURRENT ASSETS
Stocks 2,750 2,750
Debtors 6 50,395 144,289
Cash at bank 162,882 92,139
216,027 239,178
CREDITORS
Amounts falling due within one
year

7

116,144

114,836
NET CURRENT ASSETS 99,883 124,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,590

151,690

CREDITORS
Amounts falling due after more
than one year

8

(8,414

)

(16,638

)

PROVISIONS FOR LIABILITIES (10,217 ) (5,194 )
NET ASSETS 134,959 129,858

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 134,949 129,848
SHAREHOLDERS' FUNDS 134,959 129,858

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 his 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.

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 director and authorised for issue on 17 March 2025 and were signed by:



C Stevens - Director


Thermech Solutions Limited (Registered number: 05162076)

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

1. STATUTORY INFORMATION

Thermech Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
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.

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.

Thermech Solutions Limited (Registered number: 05162076)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 16,527 3,197 32,172 14,405 66,301
Additions 1,420 - 37,495 - 38,915
Disposals - - - (3,623 ) (3,623 )
At 30 June 2024 17,947 3,197 69,667 10,782 101,593
DEPRECIATION
At 1 July 2023 6,074 2,897 20,107 9,875 38,953
Charge for year 1,745 300 8,043 2,393 12,481
Eliminated on disposal - - - (3,548 ) (3,548 )
At 30 June 2024 7,819 3,197 28,150 8,720 47,886
NET BOOK VALUE
At 30 June 2024 10,128 - 41,517 2,062 53,707
At 30 June 2023 10,453 300 12,065 4,530 27,348

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 32,172
Transfer to ownership (32,172 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 20,107
Charge for year 4,692
Transfer to ownership (24,799 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 12,065

Thermech Solutions Limited (Registered number: 05162076)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 18,133 111,118
Other debtors 32,262 33,171
50,395 144,289

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 8,224 8,039
Hire purchase contracts - 9,828
Trade creditors 87,306 47,149
Taxation and social security 4,378 35,302
Other creditors 16,236 14,518
116,144 114,836

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,414 16,638

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 16,638 24,677
Hire purchase contracts - 9,828
16,638 34,505

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
10 Ordinary £1 10 10

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Stevens.