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REGISTERED NUMBER: 03354009 (England and Wales)














Financial Statements

for the Period 30 September 2023 to 30 September 2024

for

Thermal Coverings Limited

Thermal Coverings Limited (Registered number: 03354009)






Contents of the Financial Statements
for the Period 30 September 2023 to 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Thermal Coverings Limited

Company Information
for the Period 30 September 2023 to 30 September 2024







DIRECTORS: Mr A A Gibbs
Mr P Stevens





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 03354009 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Thermal Coverings Limited (Registered number: 03354009)

Statement of Financial Position
30 September 2024

30.9.24 29.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,423 3,214

CURRENT ASSETS
Debtors 5 17,466 52,850
Cash at bank 16,266 43,055
33,732 95,905
CREDITORS
Amounts falling due within one year 6 (489,039 ) (297,056 )
NET CURRENT LIABILITIES (455,307 ) (201,151 )
TOTAL ASSETS LESS CURRENT LIABILITIES (452,884 ) (197,937 )

CREDITORS
Amounts falling due after more than one
year

7

(13,349

)

(33,226

)
NET LIABILITIES (466,233 ) (231,163 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (466,333 ) (231,263 )
(466,233 ) (231,163 )

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

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

Thermal Coverings Limited (Registered number: 03354009)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr A A Gibbs - Director


Thermal Coverings Limited (Registered number: 03354009)

Notes to the Financial Statements
for the Period 30 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

Thermal Coverings 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 6 ) .

Thermal Coverings Limited (Registered number: 03354009)

Notes to the Financial Statements - continued
for the Period 30 September 2023 to 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 September 2023
and 30 September 2024 130 1,475 25,827 8,835 36,267
DEPRECIATION
At 30 September 2023 130 1,339 24,907 6,677 33,053
Charge for period - 21 230 540 791
At 30 September 2024 130 1,360 25,137 7,217 33,844
NET BOOK VALUE
At 30 September 2024 - 115 690 1,618 2,423
At 29 September 2023 - 136 920 2,158 3,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 29.9.23
£    £   
Trade debtors 8,663 36,366
Other debtors 8,803 16,484
17,466 52,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 29.9.23
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 34,781 42,350
Amounts owed to group undertakings 317,154 149,582
Taxation and social security 29,967 27,995
Other creditors 87,137 57,129
489,039 297,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 29.9.23
£    £   
Bank loans 13,349 33,226

8. RELATED PARTY DISCLOSURES

The directors Mr P Stevens and Mr A Gibbs are considered to be key management personnel.