Combined Thermal Solutions Ltd
|
Registered Number
:
05515192
|
For the year ended 31 October 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2018
Combined Thermal Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Combined Thermal Solutions Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
94,480
118,109
2
94,480
118,109
Trade and other receivables
|
572,775
209,121
3
215,524
Cash and cash equivalents
|
1,207
210,328
788,299
Trade and other payables
:
amounts falling due within
|
one year
|
(602,561)
(16,551)
4
185,738
193,777
Net current assets
Total assets less current liabilities
|
288,257
303,847
(17,325)
-
Provisions for liabilities
|
270,932
Net assets
303,847
210
210
270,722
303,637
270,932
303,847
Shareholders' funds
For the year ended 31 October 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
1 of 5
For the year ended 31 October 2018
Combined Thermal Solutions Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 19 July 2019 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 October 2018
Combined Thermal Solutions Ltd
Notes to the Financial Statements
Statutory Information
Combined Thermal Solutions Ltd is a private limited company
,
limited by shares
,
domiciled in England
|
and Wales
,
registration number
05515192
.
|
Unit 6, Pool Road Business Park
Pool Road
Nuneaton
Warwickshire
CV10 9AQ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
|
3 of 5
For the year ended 31 October 2018
Combined Thermal Solutions Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
319,084
144
318,940
(144)
-
(144)
318,940
-
318,940
Provision for depreciation and impairment
|
200,975
133
200,842
Charge for year
23,618
-
23,618
(133)
(133)
-
224,460
-
224,460
94,480
-
94,480
118,098
11
118,109
3
.
Trade and other receivables
|
2017
2018
-
572,775
209,121
-
572,775
209,121
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
-
526,380
Taxation and social security
|
15,788
75,213
763
968
16,551
602,561
5
.
Related party transactions
|
Trade Debtors of £
0
(
2018
:
£
572
,
775
)
are due from a company wholly owned by four of the five
|
directors
/
shareholders
.
The related company accounts for all of thee sales
.
|
Trade Creditors of £
0
(
2017
:
£
526
,
380
)
are due to a compaany wholly owned by one of the five
|
directors
/
shareholders
.
The related company accounts for all of the purchases of moulded polystyrene
.
|
4 of 5
For the year ended 31 October 2018
Combined Thermal Solutions Ltd
Notes to the Financial Statements Continued
5 of 5