1 November 2022 v2024.35.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwaretruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP072306982022-11-012023-10-31072306982023-10-31072306982022-10-3107230698core:WithinOneYear2023-10-3107230698core:WithinOneYear2022-10-3107230698core:ShareCapital2023-10-3107230698core:ShareCapital2022-10-3107230698core:RetainedEarningsAccumulatedLosses2023-10-3107230698core:RetainedEarningsAccumulatedLosses2022-10-3107230698bus:Director12022-11-012023-10-3107230698bus:RegisteredOffice2022-11-012023-10-310723069812022-11-012023-10-3107230698countries:EnglandWales2022-11-012023-10-3107230698bus:AuditExemptWithAccountantsReport2022-11-012023-10-3107230698bus:PrivateLimitedCompanyLtd2022-11-012023-10-3107230698bus:SmallEntities2022-11-012023-10-3107230698bus:FullAccounts2022-11-012023-10-31
Company registration number:
07230698
Cool Tan Limited
Unaudited Filleted Financial Statements for the year ended
31 October 2023
Cool Tan Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Cool Tan Limited
Year ended
31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Cool Tan Limited
for the year ended
31 October 2023
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Cool Tan Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Cool Tan Limited
and state those matters that we have agreed to state to the Board of Directors of
Cool Tan Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Cool Tan Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Cool Tan Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Cool Tan Limited
. You consider that
Cool Tan Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Cool Tan Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
Cool Tan Limited
Statement of Financial Position
31 October 2023
20232022
Note££
Current assets    
Debtors 5
46,274
 
53,532
 
Cash at bank and in hand
3,454
 
3,454
 
49,728
 
56,986
 
Creditors: amounts falling due within one year 6
(62,390
)
(68,367
)
Net current liabilities
(12,662
)
(11,381
)
Total assets less current liabilities (12,662 ) (11,381 )
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
(12,664
)
(11,383
)
Shareholders deficit
(12,662
)
(11,381
)
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year.
For the year ending
31 October 2023
, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
31 July 2024
, and are signed on behalf of the board by:
D Haigh
Director
Company registration number:
07230698
Cool Tan Limited
Notes to the Financial Statements
Year ended
31 October 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
91 Albemarle Avenue
,
Hartford
,
Northwich
,
CW8 1HU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Debtors

20232022
££
Other debtors
46,274
 
53,532
 

6 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
41,284
 
40,003
 
Other creditors
21,106
 
28,364
 
62,390
 
68,367
 

7 Directors' advances, credit and guarantees

The following advances and credits to directors subsisted during the year ended 31 October 2022 and year ended 31 October 2023.
Year ended 31 October 2022
Balance at 01/11/2021: £60,562 owed to the company.
£9,856 was repaid to the company in the year.
Balance at 31/10/2022: £50,694 owed to the company.
Year ended 31 October 2023
Balance at 01/11/2021: £50,964 owed to the company.
£7,258 was repaid to the company in the year.
Balance at 31/10/2023: £43,437 owed to the company.
The above loan is unsecured, interest free and repayable on demand.

8 Controlling party

During the year ended 31 October 2023, D and A Haigh, the directors, controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.