Thermocool Limited - Filleted accounts

Registered number

SC064213

Thermocool Limited

Filleted Accounts

31 January 2026

Thermocool Limited
Registered number:		SC064213
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		45,084			60,949

Current assets
Stocks		15,716			8,229
Debtors	4	177,012			88,782
Cash at bank and in hand		190,606			211,431
		383,334			308,442

Creditors: amounts falling due within one year	5	(161,150)			(111,075)

Net current assets			222,184			197,367

Total assets less current liabilities			267,268			258,316

Creditors: amounts falling due after more than one year	6		(3,546)			(13,921)

Provisions for liabilities			(8,566)			(11,581)


Net assets			255,156			232,814

Capital and reserves
Called up share capital			20,000			20,000
Profit and loss account			235,156			212,814

Shareholders' funds			255,156			232,814

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Michael Reekie
Director
Approved by the board on 31 July 2026

Thermocool Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% on WDV
	Fixtures, fittings, tools and equipment			15% on WDV

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					5		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	34,601		68,155		104,863		207,619
	Disposals	-		-		(16,266)		(16,266)
	At 31 January 2026	34,601		68,155		88,597		191,353

	Depreciation
	At 1 February 2025	25,254		67,514		53,902		146,670
	Charge for the year	1,401		96		12,197		13,694
	On disposals	-		-		(14,095)		(14,095)
	At 31 January 2026	26,655		67,610		52,004		146,269

	Net book value
	At 31 January 2026	7,946		545		36,593		45,084
	At 31 January 2025	9,347		641		50,961		60,949


4	Debtors					2026		2025
£							£

	Trade debtors					152,473		64,211
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					24,180		23,860
	Other debtors					359		711
						177,012		88,782


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					104,575		66,483
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					3,317		1,203
	Taxation and social security costs					53,258		43,389
						161,150		111,075


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					3,546		13,921


7	Related party transactions

	Ref and AC Projects Ltd is a company which is controlled by a director of Thermocool Holdings Ltd which owns 100% of the shares in Thermocool Ltd. Ref and AC Projects Ltd invoiced Thermocool Ltd for services totalling £24,000 during the year. At the 31st January 2026 Ref and AC Projects Ltd owed Thermocool Ltd £1,238


8	Controlling party

	The company was owed £22,942 by Thermocool (Holdings) Ltd a company under common control of the directors and which owns 100% of the shares in Thermocool Ltd.


9	Other information

	Thermocool Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	24 Victoria Street
	Rutherglen
	Glasgow
	G73 1DS