Registered number
SC064213
Thermocool Limited
Filleted Accounts
31 January 2025
Thermocool Limited
Registered number: SC064213
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 60,949 51,734
Current assets
Stocks 8,229 15,297
Debtors 4 88,782 79,483
Cash at bank and in hand 211,431 229,953
308,442 324,733
Creditors: amounts falling due within one year 5 (111,075) (159,103)
Net current assets 197,367 165,630
Total assets less current liabilities 258,316 217,364
Creditors: amounts falling due after more than one year 6 (13,921) (24,949)
Provisions for liabilities (11,581) (9,829)
Net assets 232,814 182,586
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 212,814 162,586
Shareholders' funds 232,814 182,586
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Reekie
Director
Approved by the board on 14 July 2025
Thermocool Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 34,601 68,155 90,269 193,025
Additions - - 30,860 30,860
Disposals - - (16,266) (16,266)
At 31 January 2025 34,601 68,155 104,863 207,619
Depreciation
At 1 February 2024 23,604 67,401 50,286 141,291
Charge for the year 1,650 113 19,882 21,645
On disposals - - (16,266) (16,266)
At 31 January 2025 25,254 67,514 53,902 146,670
Net book value
At 31 January 2025 9,347 641 50,961 60,949
At 31 January 2024 10,997 754 39,983 51,734
4 Debtors 2025 2024
£ £
Trade debtors 64,211 78,716
Amounts owed by group undertakings and undertakings in which the company has a participating interest 23,860 -
Other debtors 711 767
88,782 79,483
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 66,483 39,930
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,203 7,058
Taxation and social security costs 43,389 46,841
Other creditors - 65,274
111,075 159,103
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 13,921 24,949
7 Other information
Thermocool Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
24 Victoria Street
Rutherglen
Glasgow
G73 1DS
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