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REGISTERED NUMBER: 04788217 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Cool Express Ltd

Cool Express Ltd (Registered number: 04788217)






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


Cool Express Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr N J Askew
Mr J N Askew





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 04788217 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Cool Express Ltd (Registered number: 04788217)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 187,582 192,362
187,582 192,362

CURRENT ASSETS
Debtors 6 175,002 272,594
Cash at bank 32,312 57,332
207,314 329,926
CREDITORS
Amounts falling due within one year 7 132,898 182,960
NET CURRENT ASSETS 74,416 146,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,998

339,328

CREDITORS
Amounts falling due after more than one
year

8

(42,682

)

(79,421

)

PROVISIONS FOR LIABILITIES (45,124 ) (48,090 )
NET ASSETS 174,192 211,817

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 173,192 210,817
SHAREHOLDERS' FUNDS 174,192 211,817

Cool Express Ltd (Registered number: 04788217)

Balance Sheet - continued
31 July 2023


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 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 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 11 April 2024 and were signed on its behalf by:





Mr N J Askew - Director


Cool Express Ltd (Registered number: 04788217)

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

1. STATUTORY INFORMATION

Cool Express 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 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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 Express Ltd (Registered number: 04788217)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2022
and 31 July 2023 64,912
AMORTISATION
At 1 August 2022
and 31 July 2023 64,912
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 August 2022 6,451 490,372 2,340 499,163
Additions - 103,425 3,115 106,540
At 31 July 2023 6,451 593,797 5,455 605,703
DEPRECIATION
At 1 August 2022 6,451 298,011 2,339 306,801
Charge for year - 110,542 778 111,320
At 31 July 2023 6,451 408,553 3,117 418,121
NET BOOK VALUE
At 31 July 2023 - 185,244 2,338 187,582
At 31 July 2022 - 192,361 1 192,362

Cool Express Ltd (Registered number: 04788217)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 August 2022 338,746
Additions 103,425
At 31 July 2023 442,171
DEPRECIATION
At 1 August 2022 146,383
Charge for year 110,542
At 31 July 2023 256,925
NET BOOK VALUE
At 31 July 2023 185,246
At 31 July 2022 192,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 119,086 221,122
Other debtors 55,916 51,472
175,002 272,594

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 5,556 5,640
Hire purchase contracts 90,868 99,145
Trade creditors 8,726 14,637
Taxation and social security 15,095 50,000
Other creditors 12,653 13,538
132,898 182,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 32,426 37,897
Hire purchase contracts 10,256 41,524
42,682 79,421

Cool Express Ltd (Registered number: 04788217)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase 101,124 140,669

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£ £
Mr N J Askew
Balance outstanding at start of year 47,580 45,301
Amounts advanced 52,349 52,279
Amounts repaid (50,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,929 47,580

The loan to the director was interest bearing and has been repaid within nine months of the year end.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N J Askew.