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REGISTERED NUMBER: 01916589 (England and Wales)















RECOTHERM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






RECOTHERM LIMITED (REGISTERED NUMBER: 01916589)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RECOTHERM LIMITED

COMPANY INFORMATION
For The Year Ended 30 SEPTEMBER 2024







DIRECTORS: M Killen
Mrs M J Killen
J Harvey





REGISTERED OFFICE: Unit A, Astwood Business Park
Astwood Lane
Astwood Bank
Redditch
Worcestershire
B96 6HH





REGISTERED NUMBER: 01916589 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

RECOTHERM LIMITED (REGISTERED NUMBER: 01916589)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 145,909 120,728

CURRENT ASSETS
Stocks 199,119 173,064
Debtors 4 954,883 840,800
Cash at bank 117,497 55,156
1,271,499 1,069,020
CREDITORS
Amounts falling due within one year 5 584,646 399,761
NET CURRENT ASSETS 686,853 669,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,762

789,987

CREDITORS
Amounts falling due after more than one
year

6

(89,114

)

(111,266

)

PROVISIONS FOR LIABILITIES (19,644 ) (27,886 )
NET ASSETS 724,004 650,835

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 724,002 650,833
SHAREHOLDERS' FUNDS 724,004 650,835

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

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

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 Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:



M Killen - Director


RECOTHERM LIMITED (REGISTERED NUMBER: 01916589)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 SEPTEMBER 2024


1. 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 represents the value of services provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due. Turnover also represents the sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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 etc - 25% on reducing balance and 25% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 14 ) .

RECOTHERM LIMITED (REGISTERED NUMBER: 01916589)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 SEPTEMBER 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 207,755
Additions 83,918
Disposals (14,653 )
At 30 September 2024 277,020
DEPRECIATION
At 1 October 2023 87,027
Charge for year 49,857
Eliminated on disposal (5,773 )
At 30 September 2024 131,111
NET BOOK VALUE
At 30 September 2024 145,909
At 30 September 2023 120,728

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 143,548
Additions 55,160
At 30 September 2024 198,708
DEPRECIATION
At 1 October 2023 45,791
Charge for year 38,229
At 30 September 2024 84,020
NET BOOK VALUE
At 30 September 2024 114,688
At 30 September 2023 97,757

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 306,718 187,279
Amount due from group undertakings 610,866 610,857
Other debtors 37,299 42,664
954,883 840,800

RECOTHERM LIMITED (REGISTERED NUMBER: 01916589)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 SEPTEMBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 49,179 38,793
Trade creditors 297,082 226,162
Taxation and social security 152,857 63,193
Other creditors 85,528 71,613
584,646 399,761

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 79,114 86,266
Other creditors 10,000 25,000
89,114 111,266

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
CBIL loan 25,000 40,000
Hire purchase contracts 128,293 125,059
153,293 165,059

The company has given a fixed and floating charge over all its undertakings to its bankers, dated 19 January 2018.

The Coronavirus Business Interruption Loan benefits from a government guarantee.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Killen.