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REGISTERED NUMBER: 13837965 (England and Wales)












COOLTHINGZ LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 JANUARY 2022 TO 31 JANUARY 2023






COOLTHINGZ LTD (REGISTERED NUMBER: 13837965)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 JANUARY 2022 TO 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOLTHINGZ LTD

COMPANY INFORMATION
FOR THE PERIOD 10 JANUARY 2022 TO 31 JANUARY 2023







DIRECTORS: D T Floyd
Mrs F E Floyd-Diment





REGISTERED OFFICE: 96 Market Street
Eastleigh
Hampshire
SO50 5RE





REGISTERED NUMBER: 13837965 (England and Wales)

COOLTHINGZ LTD (REGISTERED NUMBER: 13837965)

BALANCE SHEET
31 JANUARY 2023

Notes £
FIXED ASSETS
Tangible assets 4 588

CURRENT ASSETS
Stocks 4,913
Debtors 5 46,648
Cash at bank 144
51,705
CREDITORS
Amounts falling due within one year 6 (48,071 )
NET CURRENT ASSETS 3,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,222

CREDITORS
Amounts falling due after more than one
year

7

(11,159

)
NET LIABILITIES (6,937 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (6,939 )
(6,937 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

COOLTHINGZ LTD (REGISTERED NUMBER: 13837965)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





D T Floyd - Director


COOLTHINGZ LTD (REGISTERED NUMBER: 13837965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 JANUARY 2022 TO 31 JANUARY 2023


1. STATUTORY INFORMATION

Coolthingz 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
At the balance sheet date the company has net liabilities, and is dependent upon the support of its directors to continue trading. The directors have indicated that this support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period relates to current 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 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.

COOLTHINGZ LTD (REGISTERED NUMBER: 13837965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 JANUARY 2022 TO 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
Additions 641
At 31 January 2023 641
DEPRECIATION
Charge for period 53
At 31 January 2023 53
NET BOOK VALUE
At 31 January 2023 588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 312
Other debtors 46,336
46,648

COOLTHINGZ LTD (REGISTERED NUMBER: 13837965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 JANUARY 2022 TO 31 JANUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Bank loans and overdrafts 3,365
Hire purchase contracts 318
Taxation and social security 19,656
Other creditors 24,732
48,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£
Bank loans 10,576
Hire purchase contracts 583
11,159

8. SECURED DEBTS

The following secured debts are included within creditors:

£
Hire purchase contracts 901

Hire purchase loans are secured against the asset to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, advances totalling £45,395. were made to the company's director. The balance outstanding at the period-end was £45,395.

Interest is charged at HMRC's official interest rate and the advances are repayable on demand.