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REGISTERED NUMBER: SC667259 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Better Cooling Services Ltd

Better Cooling Services Ltd (Registered number: SC667259)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Better Cooling Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Brian T Carberry





REGISTERED OFFICE: Flat 2
Low Craigton House
Milngavie
Glasgow
G62 7HF





REGISTERED NUMBER: SC667259 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Better Cooling Services Ltd (Registered number: SC667259)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,081 77

CURRENT ASSETS
Debtors 5 24,663 10,226

CREDITORS
Amounts falling due within one year 6 16,176 8,919
NET CURRENT ASSETS 8,487 1,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,568

1,384

CREDITORS
Amounts falling due after more than one
year

7

(7,324

)

-

PROVISIONS FOR LIABILITIES 8 (3,245 ) (15 )
NET ASSETS 14,999 1,369

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 14,998 1,368
SHAREHOLDERS' FUNDS 14,999 1,369

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

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

Better Cooling Services Ltd (Registered number: SC667259)

Balance Sheet - continued
31 July 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 26 January 2024 and were signed by:





Brian T Carberry - Director


Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Better Cooling Services 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 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.
Fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2022 139 - 139
Additions - 22,698 22,698
At 31 July 2023 139 22,698 22,837
DEPRECIATION
At 1 August 2022 62 - 62
Charge for year 19 5,675 5,694
At 31 July 2023 81 5,675 5,756
NET BOOK VALUE
At 31 July 2023 58 17,023 17,081
At 31 July 2022 77 - 77

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 22,698
At 31 July 2023 22,698
DEPRECIATION
Charge for year 5,675
At 31 July 2023 5,675
NET BOOK VALUE
At 31 July 2023 17,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,663 10,226

Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,998 -
Trade creditors 1,354 93
Taxation and social security 2,037 4,726
Other creditors 10,787 4,100
16,176 8,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,324 -

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,245 15

Deferred
tax
£   
Balance at 1 August 2022 15
Provided during year 3,230
Balance at 31 July 2023 3,245

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1 Share capital 1 1 1 1