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REGISTERED NUMBER: 01280983 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THERMOGRAVE LIMITED

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THERMOGRAVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: L Gilmartin
Mrs H Widdowson
A Gilmartin





SECRETARY: Mrs H Widdowson





REGISTERED OFFICE: 171 Scudamore Road
Leicester
LE3 1UQ





REGISTERED NUMBER: 01280983 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 392,470 369,744

CURRENT ASSETS
Stocks 31,001 27,969
Debtors 5 1,112,573 1,224,033
Cash at bank and in hand 1,767,190 1,295,188
2,910,764 2,547,190
CREDITORS
Amounts falling due within one year 6 686,126 762,822
NET CURRENT ASSETS 2,224,638 1,784,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,617,108

2,154,112

CREDITORS
Amounts falling due after more than one
year

7

(137,099

)

(32,206

)

PROVISIONS FOR LIABILITIES 9 (80,180 ) (79,213 )
NET ASSETS 2,399,829 2,042,693

CAPITAL AND RESERVES
Called up share capital 10 5,200 5,200
Retained earnings 11 2,394,629 2,037,493
SHAREHOLDERS' FUNDS 2,399,829 2,042,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

BALANCE SHEET - continued
31 MARCH 2025


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 4 June 2025 and were signed on its behalf by:




L Gilmartin - Director A Gilmartin - Director




Mrs H Widdowson - Director


THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Thermograve 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. 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
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

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.
Property Improvements - 15% on reducing balance
Plant and fixtures - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

Foreign currencies
The financial statements are presented in GBP, being both the company's functional and presentation currency. Transactions denominated in foreign currencies are translated into GBP at the rates of exchange in operation on the dates of the transactions. Monetary assets and liabilities expressed in foreign currencies are translated into GBP at the rates of exchange prevailing at the date of the Statements of Financial Position. Translation differences are dealt with through the Statement of Comprehensive Income in the period in which they arise.

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.

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

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 31 (2024 - 32 ) .

4. TANGIBLE FIXED ASSETS
Property Plant and Motor Office
Improvements fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 23,520 800,896 226,088 71,709 1,122,213
Additions - 81,228 16,000 3,008 100,236
At 31 March 2025 23,520 882,124 242,088 74,717 1,222,449
DEPRECIATION
At 1 April 2024 22,949 604,676 65,362 59,482 752,469
Charge for year 108 32,736 42,240 2,426 77,510
At 31 March 2025 23,057 637,412 107,602 61,908 829,979
NET BOOK VALUE
At 31 March 2025 463 244,712 134,486 12,809 392,470
At 31 March 2024 571 196,220 160,726 12,227 369,744

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
fixtures vehicles Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 105,237 151,990 257,227
DEPRECIATION
At 1 April 2024 57,106 26,973 84,079
Charge for year 7,220 26,106 33,326
At 31 March 2025 64,326 53,079 117,405
NET BOOK VALUE
At 31 March 2025 40,911 98,911 139,822
At 31 March 2024 48,131 125,017 173,148

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 823,027 928,476
Amounts owed by group undertakings 235,955 235,955
Other debtors - 1,704
Prepayments 53,591 57,898
1,112,573 1,224,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 41,327 11,075
Trade creditors 277,983 209,475
Tax 170,661 145,402
Social security and other taxes 25,473 23,235
Pension control 2,010 1,096
VAT 105,716 137,135
Other creditors 1,138 145,409
Directors' current accounts 25,198 28,831
Accrued expenses 36,620 61,164
686,126 762,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 137,099 32,206

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 178,426 43,281

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 80,180 79,213

Deferred
tax
£   
Balance at 1 April 2024 79,213
Charge to Income Statement during year 967
Balance at 31 March 2025 80,180

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
5,000 Ordinary £1 5,000 5,000
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
5,200 5,200

11. RESERVES
Retained
earnings
£   

At 1 April 2024 2,037,493
Profit for the year 516,436
Dividends (159,300 )
At 31 March 2025 2,394,629

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
A Gilmartin
Balance outstanding at start of year (2,870 ) (1,282 )
Amounts advanced 16,186 6,412
Amounts repaid (26,000 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,684 ) (2,870 )

L Gilmartin
Balance outstanding at start of year (106 ) (3,086 )
Amounts advanced 25,732 10,980
Amounts repaid (26,000 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (374 ) (106 )

Mrs H Widdowson
Balance outstanding at start of year (5,855 ) (8,377 )
Amounts advanced 14,714 10,522
Amounts repaid (21,000 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,141 ) (5,855 )

THERMOGRAVE LIMITED (REGISTERED NUMBER: 01280983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

13. OPERATING COMMITMENTS

The company had annual commitments under non-cancellable operating leases with respect to property, expiring within 2-5 years amounting to £56,165 (2024 £56,165) and with respect to plant and equipment, expiring within two to five years, of £1,284 (2024 £1,284).

14. ULTIMATE CONTROLLING PARTY

The ultimate holding company is HAL Holding Limited, a company registered in England and Wales. Mr A Gilmartin, Mr L Gilmartin and Mrs H Widdowson directors of HAL Holdings Limited, act as the controlling party, by reason of their controlling interest in that company's share capital.