REGISTERED NUMBER: 01414038 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Thermaco Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Heather Louise Bucktin

Christopher James Newman

James Edward Styles

SECRETARY:

Heather Louise Bucktin

REGISTERED OFFICE:

Enigma Business Park

Sandy's Road

Malvern

Worcestershire

WR14 1JJ

REGISTERED NUMBER:

01414038 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

31,142

36,759

CURRENT ASSETS

Stocks

803,346

849,496

Debtors

3,732,296

4,009,781

Cash at bank and in hand

828,083

753,787

5,363,725

5,613,064

CREDITORS

Amounts falling due within one year

1,113,322

1,392,759

NET CURRENT ASSETS

4,250,403

4,220,305

TOTAL ASSETS LESS CURRENT LIABILITIES

4,281,545

4,257,064

CREDITORS

Amounts falling due after more than one year

(416,666

)

(666,667

)

PROVISIONS FOR LIABILITIES

(7,843

)

(9,191

)

NET ASSETS

3,857,036

3,581,206

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

3,856,936

3,581,106

SHAREHOLDERS' FUNDS

3,857,036

3,581,206

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

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

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

Heather Louise Bucktin - Director

1.	STATUTORY INFORMATION

Thermaco 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Fixtures and fittings

-

20% on cost and 15% on reducing balance

Cost is defined as the purchase cost less any residual value. Depreciation is charged from the month of acquisition at the above rates.

The net book value of the assets is regularly reviewed by the directors and any further appropriate adjustments to carrying value are made.

STOCKS

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

SHORT TERM DEBTORS AND CREDITORS

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution scheme for the majority of its employees. The pension costs charged against profits represent the amount of contributions payable to the schemes in respect of the accounting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

113,790

Additions

4,117

Disposals

(615

)

At 31st March 2025

117,292

DEPRECIATION

At 1st April 2024

77,031

Charge for year

9,427

Eliminated on disposal

(308

)

At 31st March 2025

86,150

NET BOOK VALUE

At 31st March 2025

31,142

At 31st March 2024

36,759

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

53,846

68,750

Between one and five years

25,965

59,991

79,811

128,741

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Debentures

149,905

335,307

Bank loans

666,666

916,667

816,571

1,251,974

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	OFF-BALANCE SHEET ARRANGEMENTS

The company's banking facilities and other borrowings are subject to a cross-guarantee arrangement provided by fellow group undertakings. Under this arrangement, other group companies have jointly and severally guaranteed the company's obligations.

At the reporting date, the total company facilities covered by the cross-guarantee of which the company has utilised is £149,905 (2024: £0).

The directors consider that, while the guarantees represent a contractual commitment by the guarantor companies, no liability is expected to arise to the company as a result of the arrangement.

The company has granted a fixed and floating charge over all of its assets as part of the arrangement.

The facility is subject to financial covenants which were complied with during the year and up to the date of approval of these financial statements.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Heather Louise Bucktin

Balance outstanding at start of year

-

-

Amounts advanced

495

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

495

-