Registration number:
Cabot Thermals Ltd
for the Period from 1 December 2024 to 31 March 2026
Cabot Thermals Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Cabot Thermals Ltd
Company Information
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Director |
Mr Lee James Hodgkins |
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Registered office |
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Solicitors |
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Bankers |
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Accountants |
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Cabot Thermals Ltd
(Registration number: 01167985)
Balance Sheet as at 31 March 2026
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Note |
2026 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
125 |
125 |
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Capital redemption reserve |
375 |
375 |
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Revaluation reserve |
42,150 |
- |
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Retained earnings |
569,949 |
753,536 |
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Shareholders' funds |
612,599 |
754,036 |
For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Cabot Thermals Ltd
(Registration number: 01167985)
Balance Sheet as at 31 March 2026
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Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Unit 5
Capitol Park
Dodworth
Barnsley
South Yorkshire
S75 3UB
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Contract revenue recognition
Revenue from contracts for the provision of services is recognised by reference to the stage of completion when costs incurred and costs to complete can be reliably estimated. The stage of completion is calculated by comparing costs incurred in relation to contractual hourly labour rates and materials as a proportion of total costs. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent of the expenses that are recoverable.
Government grants
Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
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Asset class |
Depreciation method and rate |
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Plant and machinery |
On cost @ 25% |
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Fixtures and fittings |
On cost @ 20% |
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Motor vehicles |
On cost @ 25% |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
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Tangible assets |
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Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 December 2024 |
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Revaluations |
- |
- |
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Additions |
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Disposals |
- |
( |
- |
( |
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At 31 March 2026 |
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Depreciation |
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At 1 December 2024 |
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Charge for the period |
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Eliminated on disposal |
- |
( |
- |
( |
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At 31 March 2026 |
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Carrying amount |
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At 31 March 2026 |
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At 30 November 2024 |
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Stocks |
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2026 |
2024 |
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Raw materials and consumables |
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Debtors |
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Current |
Note |
2026 |
2024 |
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Trade debtors |
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Amounts owed by related parties |
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- |
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Prepayments |
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Other debtors |
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- |
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Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
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Creditors |
Creditors: amounts falling due within one year
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Note |
2026 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
- |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2024 |
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No. |
£ |
No. |
£ |
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125 |
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125 |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:
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Revaluation reserve |
Total |
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Surplus/deficit on revaluation of other assets |
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Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
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Loans and borrowings |
Current loans and borrowings
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2026 |
2024 |
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Other borrowings |
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Dividends |
Interim dividends paid
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2026 |
2024 |
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Interim dividend of £ |
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- |
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Related party transactions |
Director's remuneration
The director's remuneration for the period was as follows:
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2026 |
2024 |
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Remuneration |
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Contributions paid to money purchase schemes |
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214,993 |
156,753 |
Summary of transactions with parent
The balance due from the parent undertaking is unsecured, interest-free and repayable on demand and has no fixed repayment date. No guarantees have been given or received in respect of the balance and no collateral is held.
Cabot Thermals Ltd
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2026
Loans to related parties
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2026 |
Parent |
Key management |
Total |
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Advanced |
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Repaid |
( |
( |
( |
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At end of period |
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Parent and ultimate parent undertaking |
The company's immediate parent is