S & C Thermofluids (Stobart Division) Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 03401195

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		141,322		140,405

			141,322		140,405
CURRENT ASSETS
Stocks	6	47,677		20,113
Debtors	7	21,244		79,330
Cash at bank and in hand		3,128		5,058

		72,049		104,501
Creditors: Amounts Falling Due Within One Year	8	(67,797 )		(70,670 )

NET CURRENT ASSETS (LIABILITIES)			4,252		33,831

TOTAL ASSETS LESS CURRENT LIABILITIES			145,574		174,236

NET ASSETS			145,574		174,236

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		52,905		52,905
Income Statement			92,569		121,231

SHAREHOLDERS' FUNDS			145,574		174,236

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S & C Thermofluids (Stobart Division) Limited

Statement of Financial Position (continued)

As At 31 July 2025

For the year ending 31 July 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Matthew Stobart

Director

20th October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

S & C Thermofluids (Stobart Division) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03401195 . The registered office is Unit K, Bartles Industrial Estate, North Street, Redruth, Cornwall, TR15 1HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straightline
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

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S & C Thermofluids (Stobart Division) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	6,500

As at 31 July 2025	6,500

Amortisation
As at 1 August 2024	6,500

As at 31 July 2025	6,500

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 August 2024	129,213	106,631	10,567	246,411
Additions	7,755	1,735	-	9,490

As at 31 July 2025	136,968	108,366	10,567	255,901

Depreciation
As at 1 August 2024	14,636	84,453	6,917	106,006
Provided during the period	1,682	5,979	912	8,573

As at 31 July 2025	16,318	90,432	7,829	114,579

Net Book Value
As at 31 July 2025	120,650	17,934	2,738	141,322

As at 1 August 2024	114,577	22,178	3,650	140,405

6. Stocks

	2025	2024
	£	£
Materials	500	500
Work in progress	47,177	19,613

	47,677	20,113

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S & C Thermofluids (Stobart Division) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,350	10,636
Prepayments and accrued income	894	848
Corporation tax recoverable assets	-	2,762
Amounts owed by group undertakings	-	65,084

	21,244	79,330

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,928	4,953
Bank loans and overdrafts	8,732	9,007
Other taxes and social security	3,106	3,818
VAT	11,346	21,336
Other creditors	15,783	25,387
Accruals and deferred income	1,240	1,180
Directors' loan accounts	4,990	4,989
Amounts owed to group undertakings	18,672	-

	67,797	70,670

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Revaluation Reserve
	£
As at 1 August 2024	52,905

As at 31 July 2025	52,905

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