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REGISTERED NUMBER: 06718352












Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Cool Solutions (Southern) Ltd

Cool Solutions (Southern) Ltd (Registered number: 06718352)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Cool Solutions (Southern) Ltd

Company Information
for the year ended 31 October 2023







DIRECTORS: J Frost
Mrs J Frost





SECRETARY:





REGISTERED OFFICE: 24 Turgis Road
Fleet
Hampshire
GU51 1EJ





REGISTERED NUMBER: 06718352





ACCOUNTANTS: Sue Huntley
8 Brockham Grange
Sherfield on Loddon
Hook
Hampshire
RG27 0FT

Cool Solutions (Southern) Ltd (Registered number: 06718352)

Report of the Directors
for the year ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

J Frost
Mrs J Frost

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Frost - Director


10 April 2024

Cool Solutions (Southern) Ltd (Registered number: 06718352)

Income Statement
for the year ended 31 October 2023

2023 2022
Notes £    £    £    £   

TURNOVER 453,786 362,104

Cost of sales 283,928 215,234
GROSS PROFIT 169,858 146,870

Distribution costs 4,670 4,743
Administrative expenses 29,554 31,310
34,224 36,053
OPERATING PROFIT and
PROFIT BEFORE TAXATION 135,634 110,817

Tax on profit 29,530 21,054
PROFIT FOR THE FINANCIAL YEAR 106,104 89,763

Cool Solutions (Southern) Ltd (Registered number: 06718352)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,534 2,045
1,534 2,045

CURRENT ASSETS
Debtors 7 44,526 64,994
Cash at bank and in hand 87,965 58,025
132,491 123,019
CREDITORS
Amounts falling due within one year 8 70,925 58,068
NET CURRENT ASSETS 61,566 64,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,100

66,996

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,000 66,896
SHAREHOLDERS' FUNDS 63,100 66,996

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:




J Frost - Director


Cool Solutions (Southern) Ltd (Registered number: 06718352)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Cool Solutions (Southern) Ltd is a private company, limited by shares , registered in Not specified/Other. 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Cool Solutions (Southern) Ltd (Registered number: 06718352)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 511 682

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 12,000
AMORTISATION
At 1 November 2022
and 31 October 2023 12,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 15,319
DEPRECIATION
At 1 November 2022 13,274
Charge for year 511
At 31 October 2023 13,785
NET BOOK VALUE
At 31 October 2023 1,534
At 31 October 2022 2,045

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,526 64,994

Cool Solutions (Southern) Ltd (Registered number: 06718352)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,477 28,243
Taxation and social security 37,548 28,925
Other creditors 900 900
70,925 58,068