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REGISTERED NUMBER: SC274176 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

ALBACOOL REFRIGERATION LTD

ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

ALBACOOL REFRIGERATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: John Ritchie





SECRETARY: Mrs Sarah Ritchie





REGISTERED OFFICE: 24 Church Street
Cairnbulg
Fraserburgh
Aberdeenshire
AB43 8YN





REGISTERED NUMBER: SC274176 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,667 27,358

CURRENT ASSETS
Cash at bank 91,391 116,712

CREDITORS
Amounts falling due within one year 5 43,186 38,128
NET CURRENT ASSETS 48,205 78,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,872

105,942

CREDITORS
Amounts falling due after more than one
year

6

(21,164

)

(25,040

)

PROVISIONS FOR LIABILITIES (4,308 ) (5,199 )
NET ASSETS 45,400 75,703

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 45,299 75,602
SHAREHOLDERS' FUNDS 45,400 75,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)

BALANCE SHEET - continued
31ST OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st January 2024 and were signed by:





John Ritchie - Director


ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Albacool Refrigeration Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st November 2022 49,627 583 50,210
Additions - 2,827 2,827
At 31st October 2023 49,627 3,410 53,037
DEPRECIATION
At 1st November 2022 22,347 505 22,852
Charge for year 6,791 727 7,518
At 31st October 2023 29,138 1,232 30,370
NET BOOK VALUE
At 31st October 2023 20,489 2,178 22,667
At 31st October 2022 27,280 78 27,358

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,757 3,639
Corporation tax 39,125 34,352
Other creditors 248 93
Directors' current accounts 56 44
43,186 38,128

The loan from the director is interest free with no fixed terms of repayment.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 21,164 25,040

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
John Ritchie
Balance outstanding at start of year (44 ) (5 )
Amounts advanced 175,163 116,302
Amounts repaid (175,175 ) (116,341 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (56 ) (44 )

The loan to the director is interest free with no fixed terms of repayment.

ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

8. ULTIMATE CONTROLLING PARTY

J Ritchie, director, is the ultimate controlling party.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ALBACOOL REFRIGERATION LTD (REGISTERED NUMBER: SC274176)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Albacool Refrigeration Ltd for the year ended 31st October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Albacool Refrigeration Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Albacool Refrigeration Ltd and state those matters that we have agreed to state to the director of Albacool Refrigeration Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Albacool Refrigeration Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Albacool Refrigeration Ltd. You consider that Albacool Refrigeration Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Albacool Refrigeration Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


31st January 2024