Thermaframe Group Limited - Accounts to registrar (filleted) - small 18.2

Thermaframe Group Limited - Accounts to registrar (filleted) - small 18.2

THERMAFRAME GROUP LIMITED - Company Information

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REGISTERED NUMBER: 07445530 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2020

for

Thermaframe Group Limited
Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD








Thermaframe Group Limited (Registered number: 07445530)






Contents of the Financial Statements
for the Year Ended 31 January 2020




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


Thermaframe Group Limited

Company Information
for the Year Ended 31 January 2020







DIRECTORS: B Ott
P J Taylor





REGISTERED OFFICE: Sutton House Unit 7
Fitzroy Business Park Sandy Lane
Sidcup
Kent
DA14 5NL





REGISTERED NUMBER: 07445530 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Thermaframe Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thermaframe Group Limited for the year ended 31 January 2020 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thermaframe Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thermaframe Group Limited and state those matters that we have agreed to state to the Board of Directors of Thermaframe Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thermaframe Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thermaframe Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Thermaframe Group Limited. You consider that Thermaframe Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thermaframe Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


16 December 2020

This page does not form part of the statutory financial statements

2
Thermaframe Group Limited (Registered number: 07445530)

Balance Sheet
31 January 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,212 86,520

CURRENT ASSETS
Stocks 4,029 582
Debtors 5 42,489 34,537
Cash at bank 44,063 150,293
90,581 185,412
CREDITORS
Amounts falling due within one year 6 82,934 170,498
NET CURRENT ASSETS 7,647 14,914
TOTAL ASSETS LESS CURRENT
LIABILITIES
82,859
101,434

PROVISIONS FOR LIABILITIES - 98
NET ASSETS 82,859 101,336

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 82,858 101,335
SHAREHOLDERS' FUNDS 82,859 101,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

3
Thermaframe Group Limited (Registered number: 07445530)

Balance Sheet - continued
31 January 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2020 and were signed on its behalf by:




P J Taylor - Director



B Ott - Director


The notes form part of these financial statements

4
Thermaframe Group Limited (Registered number: 07445530)

Notes to the Financial Statements
for the Year Ended 31 January 2020

1. STATUTORY INFORMATION

Thermaframe Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales 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 has transferred to the buyer. This is usually at the point the customer has signed for the goods.

Turnover from the rendering of services is recognised when the service is performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the life of the lease
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

5
Thermaframe Group Limited (Registered number: 07445530)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

2. ACCOUNTING POLICIES - continued

Going concern
The director has considered the potential impact of COVID 19 and considers it appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 February 2019
and 31 January 2020 152,538 107,229 259,767
DEPRECIATION
At 1 February 2019 78,226 95,021 173,247
Charge for year 8,256 3,052 11,308
At 31 January 2020 86,482 98,073 184,555
NET BOOK VALUE
At 31 January 2020 66,056 9,156 75,212
At 31 January 2019 74,312 12,208 86,520


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 6,580 8,335
Other debtors 35,909 26,202
42,489 34,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 1,906 5,936
Amounts owed to group undertakings 22,312 111,916
Taxation and social security 35,224 25,341
Other creditors 23,492 27,305
82,934 170,498

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £22,312 (2019 : £111,916) due to Sutton Home Improvements Limited, the parent company. During the year the company incurred a management charge of £243,333 (2019 : £267,110) from the parent company.

6
Thermaframe Group Limited (Registered number: 07445530)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

8. ULTIMATE CONTROLLING PARTY

The controlling party is Sutton Home Improvements Limited.

There is no ultimate controlling party.

7