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REGISTERED NUMBER: 04198946 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

COOL EQUIPMENT CONCEPTS LIMITED

COOL EQUIPMENT CONCEPTS LIMITED (REGISTERED NUMBER: 04198946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

COOL EQUIPMENT CONCEPTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: G M C Bagnall
Mrs A M Bagnall
L E C Bagnall





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 04198946 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

COOL EQUIPMENT CONCEPTS LIMITED (REGISTERED NUMBER: 04198946)

ABRIDGED BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,209 5,313
Investment property 5 461,200 461,200
466,409 466,513

CURRENT ASSETS
Stocks 127,540 71,131
Debtors 62,077 69,726
Cash at bank 1,704,885 1,706,580
1,894,502 1,847,437
CREDITORS
Amounts falling due within one year 266,750 404,628
NET CURRENT ASSETS 1,627,752 1,442,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,094,161

1,909,322

PROVISIONS FOR LIABILITIES 31,439 33,200
NET ASSETS 2,062,722 1,876,122

CAPITAL AND RESERVES
Called up share capital 6 650 650
Retained earnings 2,062,072 1,875,472
SHAREHOLDERS' FUNDS 2,062,722 1,876,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

COOL EQUIPMENT CONCEPTS LIMITED (REGISTERED NUMBER: 04198946)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2024 and were signed on its behalf by:





G M C Bagnall - Director


COOL EQUIPMENT CONCEPTS LIMITED (REGISTERED NUMBER: 04198946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Cool Equipment Concepts Limited 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 company operates from its premises in Stambridge, Essex.

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 the net invoiced sale of goods excluding value added tax. Income is recognised in the period in which the customer becomes responsible for the products.

The company also offers finance packages on the purchase of some products to certain customers. On the initial sale the company recognises the full retail equivalent value of the product sold. Subsequently, the company recognises the interest receivable on the finance provided evenly over the length of the finance lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 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.

COOL EQUIPMENT CONCEPTS LIMITED (REGISTERED NUMBER: 04198946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provision for warranty costs
The company recognises the cost of its contractual warranty obligations when it recognises the sale of equipment. Except where specific provisions are necessary, the cost is estimated based on 0.75% of the company's annual turnover for the period, which the directors feel is reasonable by reference to the level of previous warranty costs incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 43,045
Additions 3,082
At 30 April 2023 46,127
DEPRECIATION
At 1 May 2022 37,732
Charge for year 3,186
At 30 April 2023 40,918
NET BOOK VALUE
At 30 April 2023 5,209
At 30 April 2022 5,313

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 461,200
NET BOOK VALUE
At 30 April 2023 461,200
At 30 April 2022 461,200

COOL EQUIPMENT CONCEPTS LIMITED (REGISTERED NUMBER: 04198946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
194 B Ordinary £1 194 194
105 C Ordinary £1 105 105
301 D Ordinary £1 301 301
650 650

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of its employees. During the year premiums paid by the company amounted to £40,000 (2022 - £nil). At the balance sheet date there were no amounts outstanding.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L E C Bagnall

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COOL EQUIPMENT CONCEPTS LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Cool Equipment Concepts Limited for the year ended 30 April 2023 which comprise the Income Statement, Abridged 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cool Equipment Concepts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cool Equipment Concepts Limited and state those matters that we have agreed to state to the Board of Directors of Cool Equipment Concepts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cool Equipment Concepts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cool Equipment Concepts Limited 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 Cool Equipment Concepts Limited. You consider that Cool Equipment Concepts Limited 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 Cool Equipment Concepts Limited. 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.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


19 January 2024