Thermaframe Group Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07445530 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2017

for

Thermaframe Group Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

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

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 2017 which comprise the Income

Statement, Other Comprehensive Income, Balance Sheet, 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 the terms of our engagement letter dated 30 September 2013. 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 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

30 November 2017

FIXED ASSETS

Tangible assets

3

112,531

128,613

CURRENT ASSETS

Stocks

-

3,633

Debtors

4

50,760

45,251

Cash at bank

19,914

111,958

70,674

160,842

CREDITORS

Amounts falling due within one year

5

53,883

102,964

NET CURRENT ASSETS

16,791

57,878

TOTAL ASSETS LESS CURRENT LIABILITIES

129,322

186,491

PROVISIONS FOR LIABILITIES

1,033

1,935

NET ASSETS

128,289

184,556

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

128,288

184,555

SHAREHOLDERS' FUNDS

128,289

184,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2017 and were signed on its behalf by:

P J Taylor - Director

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

Turnover

Turnover represents net sales of services, excluding value added tax.

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

-

at variable rates on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 February 2016

and 31 January 2017

152,538

107,229

259,767

DEPRECIATION

At 1 February 2016

52,865

78,289

131,154

Charge for year

8,847

7,235

16,082

At 31 January 2017

61,712

85,524

147,236

NET BOOK VALUE

At 31 January 2017

90,826

21,705

112,531

At 31 January 2016

99,673

28,940

128,613

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

16,399

10,488

Other debtors

34,361

34,763

50,760

45,251

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

7,172

23,231

Amounts owed to group undertakings

17,123

73,007

Taxation and social security

3,732

6,605

Other creditors

25,856

121

53,883

102,964

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Sutton Home Improvements Limited.

8.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

Section 1A and have not impacted on equity or profit or loss.