Thunderbolt Test And Maintenance Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03131516

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,220		7,810

			8,220		7,810
CURRENT ASSETS
Debtors	6	160,247		146,837
Cash at bank and in hand		-		11,425

		160,247		158,262
Creditors: Amounts Falling Due Within One Year	7	(109,314 )		(89,086 )

NET CURRENT ASSETS (LIABILITIES)			50,933		69,176

TOTAL ASSETS LESS CURRENT LIABILITIES			59,153		76,986

Creditors: Amounts Falling Due After More Than One Year	8		(1,389 )		(18,056 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,875 )		(1,733 )

NET ASSETS			55,889		57,197

CAPITAL AND RESERVES
Called up share capital	9		1,001		1,001
Profit and Loss Account			54,888		56,196

SHAREHOLDERS' FUNDS			55,889		57,197

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Thunderbolt Test And Maintenance Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 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 Profit and Loss Account.

On behalf of the board

Mr M J Heffernan

Director

9 April 2026

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

1. General Information

Thunderbolt Test And Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03131516 . The registered office is Unit 2 Forum Road, Nottingham, Nottinghamshire, NG5 9RW.

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. 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:

Plant & Machinery	10% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2.5. Foreign Currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

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Thunderbolt Test And Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on 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.

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 substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 December 2024	22,390	17,810	40,200
Additions	2,085	-	2,085

As at 30 November 2025	24,475	17,810	42,285

Depreciation
As at 1 December 2024	17,751	14,639	32,390
Provided during the period	882	793	1,675

As at 30 November 2025	18,633	15,432	34,065

Net Book Value
As at 30 November 2025	5,842	2,378	8,220

As at 1 December 2024	4,639	3,171	7,810

Loans are secured by a fixed and floating charge over the fixed assets held by The Royal Bank Of Scotland PLC

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	110,662	134,074
Other debtors	49,585	12,763

	160,247	146,837

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Thunderbolt Test And Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	45,093	35,618
Bank loans and overdrafts	30,745	16,667
Other creditors	20,826	15,807
Taxation and social security	12,650	20,994

	109,314	89,086

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,389	18,056

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,001	1,001

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	37,953	40,359
Later than one year and not later than five years	44,251	82,204

	82,204	122,563

11. Related Party Transactions

At the year end the directors loan account for Mr M Heffernan was overdrawn by £3,120.

12. Ultimate Controlling Party

The company is controlled by its directors who are the shareholders.

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