THAMES COMPOSITES LTD


Directors	MCGUIRE, Rafina Begum
	NEWTON, Noel Leroy


Registered Address	Suite 6, Tower House
	New Portreath Road
	Redruth
	TR16 4QL


Registered Number	07523761 (England and Wales)

Balance Sheet as at
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		560,775		560,775
			560,775		560,775
Current assets
Debtors	4	73,137		66,528
Cash at bank and on hand		259		13,899
		73,396		80,427
Creditors amounts falling due within one year	5	(690,386)		(672,104)
Net current assets (liabilities)			(616,990)		(591,677)
Total assets less current liabilities			(56,215)		(30,902)
Creditors amounts falling due after one year			(15,643)		(15,643)
Net assets			(71,858)		(46,545)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(71,958)		(46,645)
Shareholders' funds			(71,858)		(46,545)

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 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 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2026, and are signed on its behalf by:

MCGUIRE, Rafina Begum
Director

NEWTON, Noel Leroy
Director

Registered Company No. 07523761

THAMES COMPOSITES LTD

Notes to the Financial Statements
for the year ended 31 July 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 August 25	772,260
	At 31 July 26	772,260
	Depreciation and impairment
	At 01 August 25	211,485
	At 31 July 26	211,485
	Net book value
	At 31 July 26	560,775
	At 31 July 25	560,775

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	1,674	1,674
Other debtors	64,854	64,854
Prepayments and accrued income	6,609	-
Total	73,137	66,528

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	661,717	658,855
Bank borrowings and overdrafts	7,077	-
Taxation and social security	15,891	10,749
Accrued liabilities and deferred income	5,701	2,500
Total	690,386	672,104