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REGISTERED NUMBER: 07887852 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cool 69 Limited

Cool 69 Limited (Registered number: 07887852)






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 69 Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S McCarthy





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 07887852 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Cool 69 Limited (Registered number: 07887852)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,965 32,383

CURRENT ASSETS
Stocks 5 16,250 26,500
Debtors 6 33,467 24,327
Cash at bank 21,427 73,194
71,144 124,021
CREDITORS
Amounts falling due within one year 7 101,648 134,121
NET CURRENT LIABILITIES (30,504 ) (10,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,461

22,283

CREDITORS
Amounts falling due after more than one
year

8

11,250

16,250
NET ASSETS 211 6,033

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111 5,933
SHAREHOLDERS' FUNDS 211 6,033

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 director acknowledges his 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 69 Limited (Registered number: 07887852)

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 director and authorised for issue on 20 October 2023 and were signed by:





Mr S McCarthy - Director


Cool 69 Limited (Registered number: 07887852)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cool 69 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Equipment - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

Cool 69 Limited (Registered number: 07887852)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery Equipment Totals
£    £    £   
COST
At 1 April 2022 63,217 5,883 69,100
Additions 15,878 7,693 23,571
At 31 March 2023 79,095 13,576 92,671
DEPRECIATION
At 1 April 2022 34,143 2,574 36,717
Charge for year 11,238 2,751 13,989
At 31 March 2023 45,381 5,325 50,706
NET BOOK VALUE
At 31 March 2023 33,714 8,251 41,965
At 31 March 2022 29,074 3,309 32,383

5. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 16,250 26,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 31,419 16,435
Other debtors - 6,386
Prepayments and accrued income 2,048 1,506
33,467 24,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 5,837 6,359
Tax 1,800 855
Social security and other taxes 630 643
Pension 244 128
VAT 10,268 2,091
Directors' current accounts 76,669 117,845
Accrued expenses 1,200 1,200
101,648 134,121

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 11,250 16,250