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SPECIALIST THERMAL SUPPLIES LIMITED

Unaudited Financial Statements

for the Year Ended 31st December 2024






SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECIALIST THERMAL SUPPLIES LIMITED

Company Information
for the year ended 31st December 2024







DIRECTORS: S S E Thomas
P Hadden
Mrs K Thomas





SECRETARY: S S E Thomas





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 06456223 (England and Wales)






SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,848 15,472

CURRENT ASSETS
Stocks 163,891 125,401
Debtors 5 231,694 310,130
Cash at bank and in hand 99,614 103,920
495,199 539,451
CREDITORS
Amounts falling due within one year 6 491,832 530,408
NET CURRENT ASSETS 3,367 9,043
TOTAL ASSETS LESS CURRENT LIABILITIES 15,215 24,515

CREDITORS
Amounts falling due after more than one
year

7

6,667

16,667
NET ASSETS 8,548 7,848

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,448 7,748
SHAREHOLDERS' FUNDS 8,548 7,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

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

SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)

Balance Sheet - continued
31st December 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 30th July 2025 and were signed on its behalf by:





S S E Thomas - Director


SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Specialist Thermal Supplies 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

- The useful lives of property, plant and equipment which are estimated based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets.

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.
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% 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.

Financial instruments
Debtors, creditors and directors loan (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.


SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)

Notes to the Financial Statements - continued
for the year ended 31st December 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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 2,492 10,328 36,300 49,120
DEPRECIATION
At 1st January 2024 2,492 5,458 25,698 33,648
Charge for year - 974 2,650 3,624
At 31st December 2024 2,492 6,432 28,348 37,272
NET BOOK VALUE
At 31st December 2024 - 3,896 7,952 11,848
At 31st December 2023 - 4,870 10,602 15,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,663 265,652
Other debtors 45,031 44,478
231,694 310,130

SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 236,314 190,369
Taxation and social security 39,835 30,341
Other creditors 205,683 299,698
491,832 530,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Trade financing loan 156,506 235,920

The nature of security is tied to the financial assets it relates to.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
89 "A" Ordinary £1 89 89
10 "B" Ordinary £1 10 10
1 "C" Ordinary £1 1 1
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£    £   
S S E Thomas
Balance outstanding at start of year - -
Amounts advanced 45,031 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,031 -

SPECIALIST THERMAL SUPPLIES LIMITED (REGISTERED NUMBER: 06456223)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above loan is interest free and repayable on demand.