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Company Registration No. 03055050 (England and Wales)
THERMASCAN LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Company Information

Company Details
Company Number 03055050
Registered Office 4B OSPREY WAY
YAXLEY
PETERBOROUGH
PE7 3GT
Directors
Directors who held office during the period were:
Oliver James BOLTON   
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Statement of Financial Position

12345678
Notes 2024 2023
£ £
Fixed Assets
Tangible assets 5 32,640 34,540
Current Assets
Debtors due 274,584 232,783
Cash at bank and in hand 65,455 45,593
340,039 278,376
Creditors
Amount falling due within one year (111,244) (80,666)
Net Current Assets 228,795 197,710
Total Assets less current liabilities 261,435 232,250
Provision for liabilities (8,677) (8,582)
Net Assets 252,758 223,668
Capital and Reserves
Called up Share Capital 2,000 2,000
Retained earnings at end of year 250,758 221,668
Shareholder funds 252,758 223,668
For the year ending 31/12/2024 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 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.
Approved by the Board on 29 September 2025
Oliver Bolton
Company Registration No. 03055050
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
THERMASCAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03055050.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Rendering of services:Revenue from business support service activities is recognised when all work has been completed and invoiced.
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Current Tax
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 statement of financial position date.
Tangible Fixed Asset Policy
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:Plant & machinery - Varying rates on reducing balanceFixtures & fittings - 20% on costMotor vehicles - 33% on costComputer equipment - 33% on cost
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Deferred Tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences.
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 3
2023 4
4. Principal Activity
Thermal Image Investigation
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THERMASCAN LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £
At 01/01/2024 81,152 4,533 26,145 113,872
Additions 3,474 - - 3,474
At 31/12/2024 84,626 4,533 26,145 117,346
Depreciation
At 01/01/2024 48,021 4,084 25,185 79,332
Charge for the year 3,965 449 960 5,374
At 31/12/2024 51,986 4,533 26,145 84,706
Net Book Value
At 31/12/2024 32,640 - - 32,640
At 31/12/2023 33,131 449 960 34,540
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