Cool-Heat Yorkshire Limited 13202675 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Air conditioning installation Digita Accounts Production Advanced 6.30.9574.0 true 13202675 2022-03-01 2023-02-28 13202675 2023-02-28 13202675 core:CurrentFinancialInstruments 2023-02-28 13202675 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13202675 bus:SmallEntities 2022-03-01 2023-02-28 13202675 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13202675 bus:FullAccounts 2022-03-01 2023-02-28 13202675 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13202675 bus:RegisteredOffice 2022-03-01 2023-02-28 13202675 bus:Director1 2022-03-01 2023-02-28 13202675 bus:Director2 2022-03-01 2023-02-28 13202675 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13202675 countries:EnglandWales 2022-03-01 2023-02-28 13202675 2021-02-16 2022-02-28 13202675 2022-02-28 13202675 core:CurrentFinancialInstruments 2022-02-28 13202675 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 13202675

Cool-Heat Yorkshire Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Cool-Heat Yorkshire Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Cool-Heat Yorkshire Limited

Company Information

Directors

M K Ruston

K Ruston

Registered office

41 Benningholme Lane
Skirlaugh
HU11 5EA

 

Cool-Heat Yorkshire Limited

(Registration number: 13202675)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

1,712

Cash at bank and in hand

 

8,486

4,587

 

8,486

6,299

Creditors: Amounts falling due within one year

5

(1,956)

(2,647)

Net assets

 

6,530

3,652

Capital and reserves

 

Called up share capital

10

10

Retained earnings

6,520

3,642

Shareholders' funds

 

6,530

3,652

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 Directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2023 and signed on its behalf by:
 

.........................................
M K Ruston
Director

.........................................
K Ruston
Director

 

Cool-Heat Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 13202675.

The address of its registered office is:
41 Benningholme Lane
Skirlaugh
HU11 5EA

These financial statements were authorised for issue by the Board on 27 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of plumbing and heating services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less any bad debts. A provision for the bad debts of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Cool-Heat Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Trade debtors

-

1,712

Total current trade and other debtors

-

1,712

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

634

854

Other creditors

 

1

1,042

Accruals and deferred income

 

990

600

Other borrowings

6

331

151

 

1,956

2,647

 

Cool-Heat Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

331

151

7

Related party transactions

Other transactions with Directors

At the year end the company owed the directors £331 (2022: £151). Loans made to the company by the directors are unsecured, interest free and repayable on demand.