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REGISTERED NUMBER: 04987470 (England and Wales)















COOLING COMPONENTS LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






COOLING COMPONENTS LIMITED (REGISTERED NUMBER: 04987470)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOLING COMPONENTS LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs P R Vernon
P J Vernon
Mrs S Baggott
P Baggott





SECRETARY: Mrs P R Vernon





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 04987470 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

COOLING COMPONENTS LIMITED (REGISTERED NUMBER: 04987470)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,111 37,654

CURRENT ASSETS
Stocks 218,034 224,432
Debtors 5 821,322 648,965
Cash at bank 297,064 190,295
1,336,420 1,063,692
CREDITORS
Amounts falling due within one year 6 861,894 711,860
NET CURRENT ASSETS 474,526 351,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,637

389,486

CREDITORS
Amounts falling due after more than one
year

7

(20,121

)

(40,228

)

PROVISIONS FOR LIABILITIES (9,278 ) (9,413 )
NET ASSETS 482,238 339,845

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 482,038 339,645
SHAREHOLDERS' FUNDS 482,238 339,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

COOLING COMPONENTS LIMITED (REGISTERED NUMBER: 04987470)

Balance Sheet - continued
31 May 2024


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 8 August 2024 and were signed on its behalf by:





P J Vernon - Director


COOLING COMPONENTS LIMITED (REGISTERED NUMBER: 04987470)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Cooling Components Limited 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.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

COOLING COMPONENTS LIMITED (REGISTERED NUMBER: 04987470)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 768 64,302 70,228 135,298
Additions - 2,231 6,298 8,529
At 31 May 2024 768 66,533 76,526 143,827
DEPRECIATION
At 1 June 2023 768 38,259 58,617 97,644
Charge for year - 4,224 4,848 9,072
At 31 May 2024 768 42,483 63,465 106,716
NET BOOK VALUE
At 31 May 2024 - 24,050 13,061 37,111
At 31 May 2023 - 26,043 11,611 37,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 805,749 634,419
Other debtors 2,644 -
Prepayments 12,929 14,546
821,322 648,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,270 20,163
Trade creditors 275,405 297,731
Social security and other taxes 161,849 183,326
Other creditors - 382
Invoice Factoring Liability 327,813 177,084
Accrued expenses 76,557 33,174
861,894 711,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,121 20,107
Bank loans - 2-5 years - 20,121
20,121 40,228

COOLING COMPONENTS LIMITED (REGISTERED NUMBER: 04987470)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 40,391 60,391
Invoice Finance 327,813 177,084
368,204 237,475

The bank loan and overdraft is secured by a debenture over the company's assets.

The invoice finance is secured against the company's trade debtors.