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Registered number: 10025732
Therm Navitas Ltd
Financial Statements
For The Year Ended 28 February 2026
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10025732
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,913 2,995
1,913 2,995
CURRENT ASSETS
Debtors 5 5,256 5,307
Cash at bank and in hand 447 1,594
5,703 6,901
Creditors: Amounts Falling Due Within One Year 6 (7,182 ) (5,072 )
NET CURRENT ASSETS (LIABILITIES) (1,479 ) 1,829
TOTAL ASSETS LESS CURRENT LIABILITIES 434 4,824
NET ASSETS 434 4,824
CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and Loss Account 414 4,804
SHAREHOLDERS' FUNDS 434 4,824
Page 1
Page 2
For the year ending 28 February 2026 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 Liam Jarman
Director
Mrs Michele Jarman
Director
15/07/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Therm Navitas Ltd Registered number 10025732 is a limited by shares company incorporated in England & Wales. The Registered Office is 92 Friern Gardens, Wickford, Essex, SS12 0HD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 25% SL
Computer Equipment 20% Cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2026 2025
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2025 20,129 3,093 23,222
As at 28 February 2026 20,129 3,093 23,222
Depreciation
As at 1 March 2025 18,293 1,934 20,227
Provided during the period 459 623 1,082
As at 28 February 2026 18,752 2,557 21,309
...CONTINUED
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Page 4
Net Book Value
As at 28 February 2026 1,377 536 1,913
As at 1 March 2025 1,836 1,159 2,995
5. Debtors
2026 2025
£ £
Due within one year
Due after more than one year
Trade debtors 5,256 5,307
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1 -
Corporation tax 5,675 3,657
Accruals and deferred income 1,080 1,080
Directors' loan accounts 426 335
7,182 5,072
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 20 20
8. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid 27,500 7,000
9. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 4