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 2020

Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

THERMETAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2020

Balance sheet
Notes

THERMETAL LIMITED

Balance sheet

As at 31 October 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 19,964 33,684
Total fixed assets: 19,964 33,684
Current assets
Stocks: 2,000 2,000
Debtors: 4 1,154,482 1,109,377
Cash at bank and in hand: 1,485,166 1,181,541
Total current assets: 2,641,648 2,292,918
Creditors: amounts falling due within one year: 5 (849,296) (735,687)
Net current assets (liabilities): 1,792,352 1,557,231
Total assets less current liabilities: 1,812,316 1,590,915
Provision for liabilities: (3,793) (6,400)
Total net assets (liabilities): 1,808,523 1,584,515
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,808,522 1,584,514
Shareholders funds: 1,808,523 1,584,515

The notes form part of these financial statements

THERMETAL LIMITED

Balance sheet statements

For the year ending 31 October 2020 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 30 March 2021
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 2020

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

The turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible fixed assets and depreciation policy

Annual depreciation is calculated to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime as follows:Plant and machinery 15% straight lineFixtures, fittings and equipment 10% straight lineMotor vehicles 25% straight lineComputer equipment 25% straight line

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

2. Employees

2020 2019
Average number of employees during the period 5 4

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

3. Tangible Assets

Total
Cost £
At 01 November 2019 140,187
Additions 1,230
Disposals (8,783)
At 31 October 2020 132,634
Depreciation
At 01 November 2019 106,503
Charge for year 14,950
On disposals (8,783)
At 31 October 2020 112,670
Net book value
At 31 October 2020 19,964
At 31 October 2019 33,684

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

THERMETAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

5. Creditors: amounts falling due within one year note

Trade creditors £291,339Corporation tax £78,609Other taxes £15,895Other creditors £463,453