REGISTERED NUMBER: 01150836 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THELKANE INDUSTRIAL CHIMNEYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Schofield

REGISTERED OFFICE:

Copse Road

Fleetwood

Lancashire

FY7 6RP

REGISTERED NUMBER:

01150836 (England and Wales)

ACCOUNTANTS:

ma2 (Blackpool) Limited

288 Church Street

Blackpool

Lancashire

FY1 3QA

FIXED ASSETS

Tangible assets

4

282,122

281,681

Investments

5

3,657

3,657

285,779

285,338

CURRENT ASSETS

Stocks

6

75,600

106,700

Debtors

7

340,033

218,868

Cash at bank and in hand

78,555

149,347

494,188

474,915

CREDITORS

Amounts falling due within one year

8

183,421

206,884

NET CURRENT ASSETS

310,767

268,031

TOTAL ASSETS LESS CURRENT LIABILITIES

596,546

553,369

PROVISIONS FOR LIABILITIES

9

12,829

12,116

NET ASSETS

583,717

541,253

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

59,762

59,762

Retained earnings

11

523,855

481,391

SHAREHOLDERS' FUNDS

583,717

541,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 October 2025 and were signed by:

Mr M Schofield - Director

1.	STATUTORY INFORMATION

Thelkane Industrial Chimneys 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.

Long leasehold

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

Plant and

and

property

leasehold

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 February 2024

137,863

165,800

146,099

26,121

475,883

Additions

-

-

11,259

-

11,259

At 31 January 2025

137,863

165,800

157,358

26,121

487,142

DEPRECIATION

At 1 February 2024

-

85,747

83,158

25,297

194,202

Charge for year

-

3,316

7,420

82

10,818

At 31 January 2025

-

89,063

90,578

25,379

205,020

NET BOOK VALUE

At 31 January 2025

137,863

76,737

66,780

742

282,122

At 31 January 2024

137,863

80,053

62,941

824

281,681

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 February 2024

and 31 January 2025

3,657

NET BOOK VALUE

At 31 January 2025

3,657

At 31 January 2024

3,657

6.

STOCKS

31.1.25

31.1.24

£

£

Stocks

47,600

44,700

Work-in-progress

28,000

62,000

75,600

106,700

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

338,533

218,168

Other debtors

1,500

700

340,033

218,868

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

95,177

107,203

Site Account

1,263

716

Tax

638

486

Social security and pensions

9,223

5,805

VAT

17,753

32,954

Directors' current accounts

57,445

57,805

Accrued expenses

1,922

1,915

183,421

206,884

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

12,829

12,116

Deferred

tax

£

Balance at 1 February 2024

12,116

Movement

713

Balance at 31 January 2025

12,829

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2024

481,391

59,762

541,153

Profit for the year

49,664

49,664

Dividends

(7,200

)

(7,200

)

At 31 January 2025

523,855

59,762

583,617