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REGISTERED NUMBER: 05377573 (England and Wales)
















COOL SOLUTIONS DISTRIBUTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOL SOLUTIONS DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P S Addy
M McKee



SECRETARY: M McKee



REGISTERED OFFICE: Units 9 & 10 Station Way
Off Wortley Road
Leeds
West Yorkshire
LS12 3HQ



REGISTERED NUMBER: 05377573 (England and Wales)



ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY



BANKERS: National Westminster Bank plc
8 Park Row
Leeds
West Yorkshire
LS1 1JS

COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 219,897 228,147

CURRENT ASSETS
Stocks 868,336 685,115
Debtors 5 1,595,608 1,652,165
Cash at bank and in hand 1,310,815 1,351,178
3,774,759 3,688,458
CREDITORS
Amounts falling due within one year 6 1,284,745 1,597,478
NET CURRENT ASSETS 2,490,014 2,090,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,709,911

2,319,127

CREDITORS
Amounts falling due after more than one
year

7

(160,000

)

(220,000

)

PROVISIONS FOR LIABILITIES (8,500 ) (9,000 )
NET ASSETS 2,541,411 2,090,127

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,540,411 2,089,127
SHAREHOLDERS' FUNDS 2,541,411 2,090,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)

BALANCE SHEET - continued
31 MARCH 2023


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 22 August 2023 and were signed on its behalf by:




P S Addy - Director



M McKee - Director


COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Cool Solutions Distribution 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Turnover and income recognition
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer and the right to consideration has been obtained through performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 20% on cost
Fixtures and equipment - 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants received are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accruals model.

Grants relating to revenue items are recognised as income on a systematic basis over the periods in which the related costs for which the grant is intended to compensate are recognised.

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

COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment
At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

Other financial instruments
The company does not have any financial instruments that would not be classed as 'basic'.

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.

Pension costs and other post-retirement benefits
The company makes pension contributions under the auto-enrolment regime and also makes contributions to the directors' personal pension schemes. Contributions payable are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2022 258,613 116,721 375,334
Additions - 8,362 8,362
Disposals - (966 ) (966 )
At 31 March 2023 258,613 124,117 382,730
DEPRECIATION
At 1 April 2022 72,411 74,776 147,187
Charge for year 5,172 10,864 16,036
Eliminated on disposal - (390 ) (390 )
At 31 March 2023 77,583 85,250 162,833
NET BOOK VALUE
At 31 March 2023 181,030 38,867 219,897
At 31 March 2022 186,202 41,945 228,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,481,851 1,579,666
Other debtors 113,757 72,499
1,595,608 1,652,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 60,000 60,000
Trade creditors 942,913 1,424,503
Taxation and social security 160,446 37,634
Other creditors 121,386 75,341
1,284,745 1,597,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 160,000 220,000

COOL SOLUTIONS DISTRIBUTION LIMITED (REGISTERED NUMBER: 05377573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 220,000 280,000

The bank loan is partially secured over the assets of the company.