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REGISTERED NUMBER: 04848124 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THERMIC EDGE LIMITED

THERMIC EDGE LIMITED (REGISTERED NUMBER: 04848124)






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 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R Burgess
S Burgess
P Lennard





SECRETARY: R Burgess





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 04848124 (England and Wales)





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

THERMIC EDGE LIMITED (REGISTERED NUMBER: 04848124)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,250,307 502,933

CURRENT ASSETS
Stocks 132,547 301,034
Debtors 5 1,144,517 793,079
Cash at bank 211,568 1,403,965
1,488,632 2,498,078
CREDITORS
Amounts falling due within one year 6 (820,231 ) (1,500,720 )
NET CURRENT ASSETS 668,401 997,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,918,708

1,500,291

CREDITORS
Amounts falling due after more than one
year

7

-

(95,833

)
NET ASSETS 1,918,708 1,404,458

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,918,608 1,404,358
SHAREHOLDERS' FUNDS 1,918,708 1,404,458

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 LIMITED (REGISTERED NUMBER: 04848124)

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 26 April 2025 and were signed on its behalf by:





R Burgess - Director


THERMIC EDGE LIMITED (REGISTERED NUMBER: 04848124)

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

1. STATUTORY INFORMATION

Thermic Edge 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.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% 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.

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.


THERMIC EDGE LIMITED (REGISTERED NUMBER: 04848124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 17 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 August 2023 328,839 44,137 202,709
Additions 757,783 - 20,093
Disposals - - -
At 31 July 2024 1,086,622 44,137 222,802
DEPRECIATION
At 1 August 2023 - - 96,048
Charge for year - - 33,769
Eliminated on disposal - - -
At 31 July 2024 - - 129,817
NET BOOK VALUE
At 31 July 2024 1,086,622 44,137 92,985
At 31 July 2023 328,839 44,137 106,661

THERMIC EDGE LIMITED (REGISTERED NUMBER: 04848124)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 56,410 79,287 711,382
Additions 13,000 798 791,674
Disposals (7,400 ) - (7,400 )
At 31 July 2024 62,010 80,085 1,495,656
DEPRECIATION
At 1 August 2023 46,115 66,286 208,449
Charge for year 3,305 6,809 43,883
Eliminated on disposal (6,983 ) - (6,983 )
At 31 July 2024 42,437 73,095 245,349
NET BOOK VALUE
At 31 July 2024 19,573 6,990 1,250,307
At 31 July 2023 10,295 13,001 502,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 493,918 172,707
Amounts owed by associates 242,744 281,065
Other debtors 43,188 21,549
VAT 128,804 107,260
Prepayments 235,863 210,498
1,144,517 793,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 50,000
Trade creditors 247,366 382,666
Tax 80,563 268,965
Social security and other taxes 1,339 18,529
Other creditors 3,365 5,216
Directors' current accounts 1,267 341
Accruals and deferred income 477,615 730,969
Accrued expenses 8,716 44,034
820,231 1,500,720

THERMIC EDGE LIMITED (REGISTERED NUMBER: 04848124)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 50,000
Bank loans - 2-5 years - 45,833
- 95,833

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary 'A' £1 99 99
1 Ordinary 'B' £1 1 1
100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £182,595 (2023 : £157,896) was owed by Thermic Edge Coatings Ltd a company R J Burgess and S M Burgess have a controlling interest in).

At the balance sheet date an amount of £20,781 (2023 : £83,801) was owed by Thermic Edge Ceramics & Graphite Ltd a company R J Burgess and S M Burgess have a controlling interest in).