Thermal Dynamics Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02802511 (England and Wales)

Financial Statements

for the Year Ended 31 December 2022

for

Thermal Dynamics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Marshall

Mrs S J Marshall

SECRETARY:

Mrs S J Marshall

REGISTERED OFFICE:

Unit 8

Transfer Bridge Industrial Estate

County Road

Swindon

Wiltshire

SN1 2HW

REGISTERED NUMBER:

02802511 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

5,352

6,525

CURRENT ASSETS

Stocks

129,417

126,729

Debtors

5

576,017

557,773

Cash at bank

452,152

434,660

1,157,586

1,119,162

CREDITORS

Amounts falling due within one year

6

123,163

136,425

NET CURRENT ASSETS

1,034,423

982,737

TOTAL ASSETS LESS CURRENT LIABILITIES

1,039,775

989,262

PROVISIONS FOR LIABILITIES

1,338

1,240

NET ASSETS

1,038,437

988,022

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,037,437

987,022

SHAREHOLDERS' FUNDS

1,038,437

988,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 23 May 2023 and were signed on its behalf by:

Mrs S J Marshall - Director

1.	STATUTORY INFORMATION

Thermal Dynamics 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

42,945

DEPRECIATION

At 1 January 2022

36,420

Charge for year

1,173

At 31 December 2022

37,593

NET BOOK VALUE

At 31 December 2022

5,352

At 31 December 2021

6,525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

183,472

160,456

Other debtors

392,545

397,317

576,017

557,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

60,711

71,195

Other creditors

62,452

65,230

123,163

136,425