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REGISTERED NUMBER: 09127996 (England and Wales)














Unaudited Financial Statements

for the Period 1 August 2023 to 30 July 2024

for

Thermal Road Repairs Limited

Thermal Road Repairs Limited (Registered number: 09127996)






Contents of the Financial Statements
for the Period 1 August 2023 to 30 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Thermal Road Repairs Limited (Registered number: 09127996)

Balance Sheet
30 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 278,154 315,000
Tangible assets 5 3,945,960 3,108,988
4,224,114 3,423,988

CURRENT ASSETS
Stocks 147,370 324,526
Debtors 6 3,199,953 2,472,597
Cash at bank 54,544 123,292
3,401,867 2,920,415
CREDITORS
Amounts falling due within one year 7 3,667,157 2,935,433
NET CURRENT LIABILITIES (265,290 ) (15,018 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,958,824 3,408,970

CREDITORS
Amounts falling due after more than one year 8 (1,762,117 ) (1,178,781 )

PROVISIONS FOR LIABILITIES (561,496 ) (561,496 )
NET ASSETS 1,635,211 1,668,693

CAPITAL AND RESERVES
Called up share capital 750 1,000
Non distributable reserves 9 122,218 141,021
Capital redemption reserve 250 -
Retained earnings 1,511,993 1,526,672
SHAREHOLDERS' FUNDS 1,635,211 1,668,693

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

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

Thermal Road Repairs Limited (Registered number: 09127996)

Balance Sheet - continued
30 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr Henry Aidan Conway - Director


Thermal Road Repairs Limited (Registered number: 09127996)

Notes to the Financial Statements
for the Period 1 August 2023 to 30 July 2024

1. STATUTORY INFORMATION

Thermal Road Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09127996

Registered office: Unit B Lancaster Fields
The Gateway
Crewe
Cheshire
CW1 6FF

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


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.

Turnover
Revenue is recognised as company becomes entitled to consideration for goods supplied and as the company becomes entitled to consideration for goods supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

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.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Thermal Road Repairs Limited (Registered number: 09127996)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 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 period 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 period was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 August 2023 254,184 710,607 964,791
Additions - 144,583 144,583
At 30 July 2024 254,184 855,190 1,109,374
AMORTISATION
At 1 August 2023 238,411 411,380 649,791
Amortisation for period 10,391 171,038 181,429
At 30 July 2024 248,802 582,418 831,220
NET BOOK VALUE
At 30 July 2024 5,382 272,772 278,154
At 31 July 2023 15,773 299,227 315,000

Thermal Road Repairs Limited (Registered number: 09127996)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 116,048 3,379,291 63,554 352,632 3,911,525
Additions - 1,230,291 15,764 80,326 1,326,381
Disposals - (90,000 ) - - (90,000 )
At 30 July 2024 116,048 4,519,582 79,318 432,958 5,147,906
DEPRECIATION
At 1 August 2023 8,666 684,945 31,797 77,129 802,537
Charge for period 11,605 381,119 9,893 32,959 435,576
Eliminated on disposal - (36,167 ) - - (36,167 )
At 30 July 2024 20,271 1,029,897 41,690 110,088 1,201,946
NET BOOK VALUE
At 30 July 2024 95,777 3,489,685 37,628 322,870 3,945,960
At 31 July 2023 107,382 2,694,346 31,757 275,503 3,108,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2023 106,003 1,754,475 324,592 2,185,070
Additions - 1,213,614 - 1,213,614
Disposals - (40,000 ) - (40,000 )
At 30 July 2024 106,003 2,928,089 324,592 3,358,684
DEPRECIATION
At 1 August 2023 883 223,132 49,699 273,714
Charge for period 10,601 241,157 32,459 284,217
Eliminated on disposal - (21,167 ) - (21,167 )
At 30 July 2024 11,484 443,122 82,158 536,764
NET BOOK VALUE
At 30 July 2024 94,519 2,484,967 242,434 2,821,920
At 31 July 2023 105,120 1,531,343 274,893 1,911,356

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,530,701 1,295,781
Other debtors 1,665,837 1,176,816
3,196,538 2,472,597

Thermal Road Repairs Limited (Registered number: 09127996)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 3,415 -

Aggregate amounts 3,199,953 2,472,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 109,535
Hire purchase contracts 687,543 618,291
Trade creditors 1,716,539 1,463,599
Taxation and social security 119,461 26,913
Other creditors 1,143,614 717,095
3,667,157 2,935,433

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,738,578 1,178,781
Amounts owed to group undertakings 23,539 -
1,762,117 1,178,781

9. RESERVES
Non
distributable
reserves
£   
At 1 August 2023 141,021
Excess of depreciation over
historical cost (18,803 )

At 30 July 2024 122,218