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REGISTERED NUMBER: 03307123 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

FOR

FREEZERENT LTD.

FREEZERENT LTD. (REGISTERED NUMBER: 03307123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FREEZERENT LTD.

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023







DIRECTOR: P J L Vierveijzer





REGISTERED OFFICE: 63 Church Road
Albrighton
Wolverhampton
West Midlands
WV7 3LH





REGISTERED NUMBER: 03307123 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

FREEZERENT LTD. (REGISTERED NUMBER: 03307123)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,227,659 12,909,970

CURRENT ASSETS
Debtors 5 904,279 826,857
Prepayments and accrued income 72,614 97,831
Cash at bank 1,097,142 985,923
2,074,035 1,910,611
CREDITORS
Amounts falling due within one year 6 5,789,036 5,326,533
NET CURRENT LIABILITIES (3,715,001 ) (3,415,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,512,658

9,494,048

CREDITORS
Amounts falling due after more than one
year

7

(6,970,693

)

(7,481,023

)

PROVISIONS FOR LIABILITIES (111,300 ) (114,200 )
NET ASSETS 2,430,665 1,898,825

CAPITAL AND RESERVES
Called up share capital 187 187
Capital redemption reserve 15 15
Retained earnings 2,430,463 1,898,623
SHAREHOLDERS' FUNDS 2,430,665 1,898,825

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

FREEZERENT LTD. (REGISTERED NUMBER: 03307123)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 19 February 2024 and were signed by:





P J L Vierveijzer - Director


FREEZERENT LTD. (REGISTERED NUMBER: 03307123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Freezerent Ltd. 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.

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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

FREEZERENT LTD. (REGISTERED NUMBER: 03307123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 19,916,239
Additions 2,443,163
Disposals (495,578 )
At 31 December 2023 21,863,824
DEPRECIATION
At 1 July 2023 7,006,269
Charge for period 2,052,332
Eliminated on disposal (422,436 )
At 31 December 2023 8,636,165
NET BOOK VALUE
At 31 December 2023 13,227,659
At 30 June 2023 12,909,970

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 17,071,018
Additions 2,302,357
Disposals (118,733 )
Transfer to ownership (640,206 )
At 31 December 2023 18,614,436
DEPRECIATION
At 1 July 2023 4,631,457
Charge for period 1,866,511
Eliminated on disposal (59,436 )
Transfer to ownership (562,928 )
At 31 December 2023 5,875,604
NET BOOK VALUE
At 31 December 2023 12,738,832
At 30 June 2023 12,439,561

FREEZERENT LTD. (REGISTERED NUMBER: 03307123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 900,533 823,111
Other debtors 3,746 3,746
904,279 826,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts - 10,123
Hire purchase contracts 4,485,763 4,125,122
Trade creditors 277,749 306,679
Taxation and social security 404,838 311,910
Other creditors 620,686 572,699
5,789,036 5,326,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans - 20,247
Hire purchase contracts 6,970,693 7,460,776
6,970,693 7,481,023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2023
£    £   
Finance lease contracts 11,456,456 11,586,398

Finance lease contracts are secured over motor vehicles included in fixed assets.