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Registration number: 07145729

Cool Concepts Air Con Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

Cool Concepts Air Con Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

Cool Concepts Air Con Limited

Company Information

Director

Mr M C Brown

Registered office

18 Sandstone Avenue
Walton
Chesterfield
Derbyshire
S42 7NS

Accountants

Vanilla Accounting Limited
Chartered Accountants
Appleton House
25 Rectory Road
West Bridgford
Nottingham
NG2 6BE

 

Cool Concepts Air Con Limited

(Registration number: 07145729)
Balance Sheet as at 31 January 2023

2023
£

2022
£

Fixed assets

61,705

30,714

Current assets

110,958

147,079

Prepayments and accrued income

3,005

748

Creditors: Amounts falling due within one year

(86,143)

(62,762)

Net current assets

27,820

85,065

Total assets less current liabilities

89,525

115,779

Creditors: Amounts falling due after more than one year

(78,922)

(77,893)

Accruals and deferred income

(4,775)

(4,775)

 

5,828

33,111

Capital and reserves

5,828

33,111

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Sandstone Avenue
Walton
Chesterfield
Derbyshire
S42 7NS

These financial statements were authorised for issue by the director on 16 October 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

3

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £69,575 (2022 - £51,806).

 

Cool Concepts Air Con Limited

(Registration number: 07145729)
Balance Sheet as at 31 January 2023

4

Related party transactions

Transactions with the director

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr M C Brown

Matt Brown

5,509

87,661

(95,049)

(1,879)

-

-

-

-

 

5,509

87,661

(95,049)

(1,879)

       

 

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

Mr M C Brown

Matt Brown

25,725

84,807

(105,023)

5,509

 

25,725

84,807

(105,023)

5,509

       

 

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 16 October 2023
 

.........................................
Mr M C Brown
Director

 

Cool Concepts Air Con Limited

Detailed Profit and Loss Account for the Year Ended 31 January 2023

2023
£

2022
£

Turnover

Sales, UK

368,725

404,602

Cost of sales

Materials

(122,325)

(125,574)

Wages and salaries

(84,996)

(70,464)

Staff NIC (Employers)

(2,496)

(2,673)

Staff pensions (Other)

(1,717)

(1,606)

Subcontract cost

(720)

(7,263)

Storage - COS

(2,375)

(1,000)

Consumable tools

(653)

(2,881)

(215,282)

(211,461)

Distribution costs

Hotels

(23,342)

(18,707)

Travel and subsistence

(12,334)

(12,541)

(35,676)

(31,248)

Employment costs

Directors remuneration

(6,364)

(6,252)

Directors NIC (Employers)

(623)

-

Staff training

(2,396)

(56)

(9,383)

(6,308)

Establishment costs

Insurance

(1,782)

(1,773)

Use of home as office

(312)

(312)

(2,094)

(2,085)

General administrative expenses

Telephone and fax

(2,081)

(1,899)

Protective clothing

(989)

(783)

Computer software and maintenance costs

(192)

(324)

Printing, postage and stationery

(150)

(23)

Trade subscriptions

-

(338)

Charitable donations

-

(202)

Motor expenses

(19,683)

(13,107)

Motor insurance

(6,183)

(4,665)

Advertising

(115)

(109)

Staff entertaining (allowable for tax)

(267)

(556)

Accountancy fees

(4,532)

(3,959)

Penalties and fines

(990)

(116)

(35,182)

(26,081)

 

Cool Concepts Air Con Limited

Detailed Profit and Loss Account for the Year Ended 31 January 2023

2023
£

2022
£

Finance charges

Bank charges

(389)

(271)

Credit card charges

(771)

(770)

(1,160)

(1,041)

Depreciation costs

Depreciation of plant and machinery (owned)

(37,671)

(23,330)

Depreciation of fixtures and fittings (owned)

(680)

(1,282)

(38,351)

(24,612)

Other expenses

(Profit)/loss on disposal of tangible fixed assets

21,250

7,500

Operating profit

52,847

109,266

Other interest receivable and similar income

Bank interest receivable

49

11

Interest payable and similar expenses

Bank loan interest payable

(1,118)

(86)

Hire purchase interest

(3,552)

(2,704)

(4,670)

(2,790)

Net finance cost

(4,621)

(2,779)

Profit before tax

48,226

106,487