REGISTERED NUMBER: 07438798 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Thermal Fluid Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G J Franklin

Mrs S M Franklin

Dr A J Woodward

REGISTERED OFFICE:

Hallsteads

Dove Holes

Derbyshire

SK17 8BJ

REGISTERED NUMBER:

07438798 (England and Wales)

ACCOUNTANTS:

DLA Chartered Accountants

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

148,703

115,045

CURRENT ASSETS

Debtors

5

521,056

441,846

Cash at bank

166,566

163,502

687,622

605,348

CREDITORS

Amounts falling due within one year

6

301,258

229,610

NET CURRENT ASSETS

386,364

375,738

TOTAL ASSETS LESS CURRENT LIABILITIES

535,067

490,783

CREDITORS

Amounts falling due after more than one year

7

(61,970

)

(91,257

)

PROVISIONS FOR LIABILITIES

(37,176

)

(28,761

)

NET ASSETS

435,921

370,765

CAPITAL AND RESERVES

Called up share capital

380

380

Capital redemption reserve

150

150

Retained earnings

435,391

370,235

SHAREHOLDERS' FUNDS

435,921

370,765

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

R G J Franklin - Director

Mrs S M Franklin - Director

1.	STATUTORY INFORMATION

Thermal Fluid Solutions 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.

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

352,177

200

64,083

10,738

427,198

Additions

66,574

156

-

6,072

72,802

At 31 March 2025

418,751

356

64,083

16,810

500,000

DEPRECIATION

At 1 April 2024

285,920

80

16,021

10,132

312,153

Charge for year

20,517

71

16,020

2,536

39,144

At 31 March 2025

306,437

151

32,041

12,668

351,297

NET BOOK VALUE

At 31 March 2025

112,314

205

32,042

4,142

148,703

At 31 March 2024

66,257

120

48,062

606

115,045

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

328,982

295,294

Amounts falling due after more than one year:

Other debtors

192,074

146,552

Aggregate amounts

521,056

441,846

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loan

37,074

68,732

Hire purchase contracts

23,280

9,966

Trade creditors

141,067

56,911

Tax

42,173

45,589

Social security and other taxes

10,631

5,400

VAT

32,182

13,759

Other creditors

9,562

18,213

Pension Control

1,359

992

Directors' current accounts

3,930

10,048

301,258

229,610

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loan - 1-2 years

-

37,074

Hire purchase contracts

61,970

54,183

61,970

91,257

8.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £192,074 (2024: £146,552) owed to the company by Heat Transfer Systems Limited, a company under the control of the directors Mr R G Franklin & Mrs S M Franklin.

Included in other creditors is an amount of £6,247 (2024: £17,213) owed by the company to Thermal Fluid Impact Limited, a company under the control of the directors Mr R G Franklin & Mrs S M Franklin.