Thermabead Limited

trading as Thermabead Ltd

(Registration number: 8072262)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	255,454	309,960
Current assets
Stocks	5	577,235	480,009
Debtors	6	944,517	926,625
Cash at bank and in hand		1,128,693	966,541
		2,650,445	2,373,175
Creditors: Amounts falling due within one year	7	(1,458,576)	(1,255,700)
Net current assets		1,191,869	1,117,475
Total assets less current liabilities		1,447,323	1,427,435
Provisions for liabilities		(60,136)	(73,524)
Net assets		1,387,187	1,353,911
Capital and reserves
Called up share capital		1,000	1,000
Other reserves		910,591	910,591
Retained earnings		475,596	442,320
Shareholders' funds		1,387,187	1,353,911

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Thermabead Limited

trading as Thermabead Ltd

(Registration number: 8072262)
Balance Sheet as at 31 March 2025
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2025
 

......................................... Mrs Jessica Louise Williams Director

Thermabead Limited

trading as Thermabead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1-2
Shipston Close
Worcester
WR4 9XN

These financial statements were authorised for issue by the director on 23 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with FRS 102, section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Thermabead Limited

trading as Thermabead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2	Accounting policies (continued)

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Tangible assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Asset class	Depreciation method and rate
Motor Vehicles	25% Cost per annum Cars 20% Cost per annum Vans
Plant and Machinery	50% Cost per annum Drills 25% Cost per annum Others
Fixtures and fittings	15% of cost per annum
Computer equipment	33% of cost per annum

Thermabead Limited

trading as Thermabead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realiasable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised ias a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company provides a defined contribution pension scheme, the assets of which are held seperately from those of the company in an independently administered fund.The pension charges represents the amount payable by the company to the fund in respect of the year.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 33 (2024 - 31).
 

Thermabead Limited

trading as Thermabead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	525	195,246	449,496	645,267
Additions	-	23,990	53,825	77,815
Disposals	-	-	(86,472)	(86,472)
At 31 March 2025	525	219,236	416,849	636,610
Depreciation
At 1 April 2024	525	120,664	214,118	335,307
Charge for the year	-	29,119	68,775	97,894
Eliminated on disposal	-	-	(52,045)	(52,045)
At 31 March 2025	525	149,783	230,848	381,156
Carrying amount
At 31 March 2025	-	69,453	186,001	255,454
At 31 March 2024	-	74,582	235,378	309,960

5

Stocks

	2025 £	2024 £
Other inventories	577,235	480,009

Thermabead Limited

trading as Thermabead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

6

Debtors

	2025 £	2024 £
Trade debtors	715,151	672,712
Prepayments	196,061	244,129
Other debtors	33,305	9,784
	944,517	926,625

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	321,145	394,461
Taxation and social security	120,216	164,558
Accruals and deferred income	909,766	589,923
Other creditors	107,449	106,758
	1,458,576	1,255,700

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

Thermabead Limited

trading as Thermabead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

8	Financial commitments, guarantees and contingencies (continued)

The total amount of financial commitments not included in the balance sheet is £113,760 (2024 - £113,760). This includes rent on the company's trading premises for a period of 1 years. The annual rental charge for the premises is £113,760.

The company operates defined contribution schemes on behalf of its directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to these funds and amounted to £26,197 (2024 - £23,720).