Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07356619 Mr Lee Hardman Mrs Clare Hardman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07356619 2022-12-31 07356619 2023-12-31 07356619 2023-01-01 2023-12-31 07356619 frs-core:Non-currentFinancialInstruments 2023-12-31 07356619 frs-core:BetweenOneFiveYears 2023-12-31 07356619 frs-core:MotorVehicles 2023-01-01 2023-12-31 07356619 frs-core:PlantMachinery 2023-01-01 2023-12-31 07356619 frs-core:WithinOneYear 2023-12-31 07356619 frs-core:ShareCapital 2023-12-31 07356619 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07356619 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07356619 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 07356619 frs-bus:SmallEntities 2023-01-01 2023-12-31 07356619 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07356619 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07356619 frs-bus:Director1 2023-01-01 2023-12-31 07356619 frs-bus:Director2 2023-01-01 2023-12-31 07356619 frs-countries:EnglandWales 2023-01-01 2023-12-31 07356619 2021-12-31 07356619 2022-12-31 07356619 2022-01-01 2022-12-31 07356619 frs-core:Non-currentFinancialInstruments 2022-12-31 07356619 frs-core:BetweenOneFiveYears 2022-12-31 07356619 frs-core:WithinOneYear 2022-12-31 07356619 frs-core:ShareCapital 2022-12-31 07356619 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
L H Cooling Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07356619
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,892 60,570
40,892 60,570
CURRENT ASSETS
Debtors 20,625 18,879
Cash at bank and in hand 113,569 91,564
134,194 110,443
Creditors: Amounts Falling Due Within One Year (40,185 ) (30,532 )
NET CURRENT ASSETS (LIABILITIES) 94,009 79,911
TOTAL ASSETS LESS CURRENT LIABILITIES 134,901 140,481
Creditors: Amounts Falling Due After More Than One Year (16,841 ) (25,836 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,223 ) (4,175 )
NET ASSETS 107,837 110,470
CAPITAL AND RESERVES
Called up Share Capital 6 100 100
Profit and Loss Account 107,737 110,370
SHAREHOLDERS' FUNDS 107,837 110,470
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Lee Hardman
Director
Mrs Clare Hardman
Director
17th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
L H Cooling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07356619 . The registered office is 210 Long Lane South, Middlewich, Cheshire, CW10 0AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

2.6. Deferred Taxation
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 period 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was  5 (2022: 6)
5 6
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 95,097
Additions 55,913
Disposals (82,829 )
As at 31 December 2023 68,181
Depreciation
As at 1 January 2023 34,527
Provided during the period 9,788
Disposals (17,026 )
As at 31 December 2023 27,289
Net Book Value
As at 31 December 2023 40,892
As at 1 January 2023 60,570
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,436 8,315
Later than one year and not later than five years 16,841 25,836
22,277 34,151
22,277 34,151
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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