CORE THERMAL LTD


Director	PHILLIPS, Charles


Registered Address	Waterloo House Ellacott Morris Ltd
	2 Colchester Road
	St Osyth
	CO16 8HA


Registered Number	11849229 (England and Wales)

Balance Sheet as at
28 February 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		12,691		1,871
			12,691		1,871
Current assets
Debtors	4	70,552		29,587
Cash at bank and on hand		142,687		83,712
		213,239		113,299
Creditors amounts falling due within one year	5	(42,966)		(16,229)
Net current assets (liabilities)			170,273		97,070
Total assets less current liabilities			182,964		98,941
Provisions for liabilities	6		(3,173)		(435)
Net assets			179,791		98,506
Capital and reserves
Called up share capital			1		1
Profit and loss account			179,790		98,505
Shareholders' funds			179,791		98,506

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 March 2026, and are signed on its behalf by:

PHILLIPS, Charles
Director
Registered Company No. 11849229

CORE THERMAL LTD

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 25	4,263	274	4,537
Additions	14,160	891	15,051
At 28 February 26	18,423	1,165	19,588
Depreciation and impairment
At 01 March 25	2,504	162	2,666
Charge for year	3,980	251	4,231
At 28 February 26	6,484	413	6,897
Net book value
At 28 February 26	11,939	752	12,691
At 28 February 25	1,759	112	1,871

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	43,732	24,507
Other debtors	26,076	4,619
Prepayments and accrued income	744	461
Total	70,552	29,587

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	11,712	3,197
Taxation and social security	30,035	13,032
Other creditors	1,219	-
Total	42,966	16,229


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	3,173	435
Total	3,173	435

7.	Directors advances, credits and guarantees
	Included within other creditors are amounts due to the director of £19 (2025 - £1 debtor).