Silverfin false false 31/07/2023 01/08/2022 31/07/2023 Cecilia Aguilera Sanjuan 28/08/2018 Enrique Leon 11/02/1994 12 December 2023 The principal activity of the Company during the financial year was the provision of road haulage services and the rental of refrigerated trailers. 02897548 2023-07-31 02897548 bus:Director1 2023-07-31 02897548 bus:Director2 2023-07-31 02897548 2022-07-31 02897548 core:CurrentFinancialInstruments 2023-07-31 02897548 core:CurrentFinancialInstruments 2022-07-31 02897548 core:ShareCapital 2023-07-31 02897548 core:ShareCapital 2022-07-31 02897548 core:CapitalRedemptionReserve 2023-07-31 02897548 core:CapitalRedemptionReserve 2022-07-31 02897548 core:RetainedEarningsAccumulatedLosses 2023-07-31 02897548 core:RetainedEarningsAccumulatedLosses 2022-07-31 02897548 core:PlantMachinery 2022-07-31 02897548 core:FurnitureFittings 2022-07-31 02897548 core:OfficeEquipment 2022-07-31 02897548 core:PlantMachinery 2023-07-31 02897548 core:FurnitureFittings 2023-07-31 02897548 core:OfficeEquipment 2023-07-31 02897548 core:CostValuation 2022-07-31 02897548 core:AdditionsToInvestments 2023-07-31 02897548 core:CostValuation 2023-07-31 02897548 core:ProvisionsForImpairmentInvestments 2022-07-31 02897548 core:ProvisionsForImpairmentInvestments 2023-07-31 02897548 2022-08-01 2023-07-31 02897548 bus:FilletedAccounts 2022-08-01 2023-07-31 02897548 bus:SmallEntities 2022-08-01 2023-07-31 02897548 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 02897548 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02897548 bus:Director1 2022-08-01 2023-07-31 02897548 bus:Director2 2022-08-01 2023-07-31 02897548 core:PlantMachinery 2022-08-01 2023-07-31 02897548 core:FurnitureFittings 2022-08-01 2023-07-31 02897548 core:OfficeEquipment core:TopRangeValue 2022-08-01 2023-07-31 02897548 2021-08-01 2022-07-31 02897548 core:OfficeEquipment 2022-08-01 2023-07-31 02897548 core:Subsidiary1 2022-08-01 2023-07-31 02897548 core:Subsidiary1 1 2022-08-01 2023-07-31 02897548 core:Subsidiary1 1 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 02897548 (England and Wales)

CARGO REFRIGERATION LTD

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

CARGO REFRIGERATION LTD

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

CARGO REFRIGERATION LTD

BALANCE SHEET

As at 31 July 2023
CARGO REFRIGERATION LTD

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 4,086 3,586
Investments 4 400,101 300,101
404,187 303,687
Current assets
Debtors 5 1,338,903 1,783,357
Cash at bank and in hand 1,919,883 1,508,186
3,258,786 3,291,543
Creditors: amounts falling due within one year 6 ( 2,057,841) ( 2,359,778)
Net current assets 1,200,945 931,765
Total assets less current liabilities 1,605,132 1,235,452
Provision for liabilities ( 589) ( 367)
Net assets 1,604,543 1,235,085
Capital and reserves
Called-up share capital 1 1
Capital redemption reserve 1 1
Profit and loss account 1,604,541 1,235,083
Total shareholders' funds 1,604,543 1,235,085

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

Directors' responsibilities:

The financial statements of Cargo Refrigeration Ltd (registered number: 02897548) were approved and authorised for issue by the Board of Directors on 12 December 2023. They were signed on its behalf by:

Enrique Leon
Director
CARGO REFRIGERATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
CARGO REFRIGERATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cargo Refrigeration Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Purbeck House, New Harbour Road South, Poole, BH15 4AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 August 2022 189,300 23,778 0 213,078
Additions 0 0 1,767 1,767
At 31 July 2023 189,300 23,778 1,767 214,845
Accumulated depreciation
At 01 August 2022 186,527 22,965 0 209,492
Charge for the financial year 693 204 370 1,267
At 31 July 2023 187,220 23,169 370 210,759
Net book value
At 31 July 2023 2,080 609 1,397 4,086
At 31 July 2022 2,773 813 0 3,586

4. Fixed asset investments

Investments in joint ventures Other investments Total
£ £ £
Carrying value before impairment
At 01 August 2022 3,101 297,000 300,101
Additions 0 100,000 100,000
At 31 July 2023 3,101 397,000 400,101
Provisions for impairment
At 01 August 2022 0 0 0
At 31 July 2023 0 0 0
Carrying value at 31 July 2023 3,101 397,000 400,101
Carrying value at 31 July 2022 3,101 297,000 300,101

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.07.2023
Ownership
31.07.2022
Purbeck House Management Ltd Purbeck House, New Harbour Road South, Poole, Dorset, BH15 4AJ Management and Administration of Purbeck House Ordinary £1 79.00% 79.00%

5. Debtors

2023 2022
£ £
Trade debtors 1,232,816 1,544,830
Amounts owed by Group undertakings 0 145,000
Other debtors 106,087 93,527
1,338,903 1,783,357

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,930,154 2,237,930
Taxation and social security 121,637 108,988
Other creditors 6,050 12,860
2,057,841 2,359,778