THERMETAL LIMITED

THERMETAL LIMITED

THERMETAL LIMITED - Company Information

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THERMETAL LIMITED

Company Registration Number:
04831889 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2019

Period of accounts

Start date: 01 November 2018

End date: 31 October 2019

THERMETAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2019

Balance sheet
Notes

THERMETAL LIMITED

Balance sheet

As at 31 October 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 33,684 52,698
Total fixed assets: 33,684 52,698
Current assets
Stocks: 2,000 2,000
Debtors:   1,109,377 1,102,482
Cash at bank and in hand: 1,181,541 1,119,739
Total current assets: 2,292,918 2,224,221
Creditors: amounts falling due within one year:   (735,687) (640,265)
Net current assets (liabilities): 1,557,231 1,583,956
Total assets less current liabilities: 1,590,915 1,636,654
Provision for liabilities: (6,400) (10,013)
Total net assets (liabilities): 1,584,515 1,626,641
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,584,514 1,626,640
Shareholders funds: 1,584,515 1,626,641

The notes form part of these financial statements

THERMETAL LIMITED

Balance sheet statements

For the year ending 31 October 2019 the company was entitled to exemption 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.

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

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 & loss account.

This report was approved by the board of directors on 02 April 2020
and signed on behalf of the board by:

Name: I A Nock
Status: Director

The notes form part of these financial statements

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assetsTangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 15% straight lineFittings fixtures and equipment - 10% straight lineMotor vehicles - 25% straight lineComputer equipment - 25% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

2. Employees

2019 2018
Average number of employees during the period 4 4

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

3. Tangible Assets

Total
Cost £
At 01 November 2018 138,870
Additions 1,317
At 31 October 2019 140,187
Depreciation
At 01 November 2018 86,172
Charge for year 20,331
At 31 October 2019 106,503
Net book value
At 31 October 2019 33,684
At 31 October 2018 52,698