Registration number:
Cool Concepts Air Con Limited
for the Year Ended 31 January 2023
Cool Concepts Air Con Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Cool Concepts Air Con Limited
Company Information
Director |
Mr M C Brown |
Registered office |
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Accountants |
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Cool Concepts Air Con Limited
(Registration number: 07145729)
Balance Sheet as at 31 January 2023
2023 |
2022 |
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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'.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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
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 |
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Matt Brown |
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( |
( |
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- |
- |
- |
- |
5,509 |
87,661 |
(95,049) |
(1,879) |
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2022 |
At 1 February 2021 |
Advances to director |
Repayments by director |
At 31 January 2022 |
Mr M C Brown |
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Matt Brown |
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|
( |
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25,725 |
84,807 |
(105,023) |
5,509 |
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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:
• |
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• |
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
......................................... |
Cool Concepts Air Con Limited
Detailed Profit and Loss Account for the Year Ended 31 January 2023
2023 |
2022 |
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Turnover |
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Sales, UK |
368,725 |
404,602 |
Cost of sales |
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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) |
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Distribution costs |
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Hotels |
(23,342) |
(18,707) |
Travel and subsistence |
(12,334) |
(12,541) |
(35,676) |
(31,248) |
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Employment costs |
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Directors remuneration |
(6,364) |
(6,252) |
Directors NIC (Employers) |
(623) |
- |
Staff training |
(2,396) |
(56) |
(9,383) |
(6,308) |
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Establishment costs |
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Insurance |
(1,782) |
(1,773) |
Use of home as office |
(312) |
(312) |
(2,094) |
(2,085) |
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General administrative expenses |
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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 |
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Finance charges |
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Bank charges |
(389) |
(271) |
Credit card charges |
(771) |
(770) |
(1,160) |
(1,041) |
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Depreciation costs |
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Depreciation of plant and machinery (owned) |
(37,671) |
(23,330) |
Depreciation of fixtures and fittings (owned) |
(680) |
(1,282) |
(38,351) |
(24,612) |
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Other expenses |
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(Profit)/loss on disposal of tangible fixed assets |
21,250 |
7,500 |
Operating profit |
52,847 |
109,266 |
Other interest receivable and similar income |
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Bank interest receivable |
49 |
11 |
Interest payable and similar expenses |
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Bank loan interest payable |
(1,118) |
(86) |
Hire purchase interest |
(3,552) |
(2,704) |
(4,670) |
(2,790) |
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Net finance cost |
(4,621) |
(2,779) |
Profit before tax |
48,226 |
106,487 |