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REGISTERED NUMBER: SC519997 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st December 2023

for

Mr Cool Limited

Mr Cool Limited (Registered number: SC519997)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Mr Cool Limited

Company Information
For The Year Ended 31st December 2023







DIRECTORS: T O'Donnell
Mrs G O'Donnell





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC519997 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Mr Cool Limited (Registered number: SC519997)

Balance Sheet
31st December 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 275,728 249,908

CURRENT ASSETS
Debtors 5 5,231 40,411
Cash at bank and in hand 194,151 126,162
199,382 166,573
CREDITORS
Amounts falling due within one year 6 (134,201 ) (61,690 )
NET CURRENT ASSETS 65,181 104,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,909

354,791

CREDITORS
Amounts falling due after more than one year 7 (6,875 ) (21,875 )

PROVISIONS FOR LIABILITIES (52,388 ) (47,483 )
NET ASSETS 281,646 285,433

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 281,546 285,333
SHAREHOLDERS' FUNDS 281,646 285,433

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

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

Mr Cool Limited (Registered number: SC519997)

Balance Sheet - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th April 2024 and were signed on its behalf by:




Mrs G O'Donnell - Director



T O'Donnell - Director


Mr Cool Limited (Registered number: SC519997)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

Mr Cool Limited 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 5 (2022 - 6 ) .

Mr Cool Limited (Registered number: SC519997)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st January 2023 396,650
Additions 112,214
At 31st December 2023 508,864
DEPRECIATION
At 1st January 2023 146,742
Charge for year 86,394
At 31st December 2023 233,136
NET BOOK VALUE
At 31st December 2023 275,728
At 31st December 2022 249,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 5,231 40,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 15,000 15,000
Taxation and social security 17,062 18,029
Other creditors 102,139 28,661
134,201 61,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts 6,875 21,875

Mr Cool Limited

Report of the Accountants to the Directors of
Mr Cool 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


29th April 2024