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Company Registration No. 03894133 (England and Wales)
Discus Thermal Insulation Ltd Unaudited accounts for the year ended 31 December 2024
Discus Thermal Insulation Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Discus Thermal Insulation Ltd Company Information for the year ended 31 December 2024
Directors
Mr Andrew McCarthy Mrs Susan McCarthy
Company Number
03894133 (England and Wales)
Registered Office
UNIT 22, OLYMPIC BUSINESS CENTRE PAYCOCKE ROAD BASILDON ESSEX SS14 3EX ENGLAND
Accountants
Carmar Accountancy and Bookkeeping Ltd 801 London Road Westcliff-on-Sea Essex SS0 9SY
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Discus Thermal Insulation Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
131,215
110,000
Current assets
Inventories
2,000
2,000
Debtors
5
26,923
55,175
Cash at bank and in hand
777,899
827,907
806,822
885,082
Creditors: amounts falling due within one year
6
(55,095)
(81,873)
Net current assets
751,727
803,209
Net assets
882,942
913,209
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
881,942
912,209
Shareholders' funds
882,942
913,209
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by
Mr Andrew McCarthy Director Company Registration No. 03894133
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Discus Thermal Insulation Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Discus Thermal Insulation Ltd is a private company, limited by shares, registered in England and Wales, registration number 03894133. The registered office is UNIT 22, OLYMPIC BUSINESS CENTRE, PAYCOCKE ROAD, BASILDON, ESSEX, SS14 3EX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Basis
Motor vehicles
25% Straight Line Basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
80,000
9,810
40,000
129,810
Additions
31,215
-
-
31,215
At 31 December 2024
111,215
9,810
40,000
161,025
Depreciation
At 1 January 2024
-
9,810
10,000
19,810
Charge for the year
-
-
10,000
10,000
At 31 December 2024
-
9,810
20,000
29,810
Net book value
At 31 December 2024
111,215
-
20,000
131,215
At 31 December 2023
80,000
-
30,000
110,000
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Discus Thermal Insulation Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
-
3,000
Trade debtors
26,923
52,175
26,923
55,175
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,163
23,866
Taxes and social security
26,810
48,185
Other creditors
3,888
5,374
Loans from directors
9,234
4,448
55,095
81,873
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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