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REGISTERED NUMBER: 02605081 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Herts Cooling Limited

Herts Cooling Limited (Registered number: 02605081)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Herts Cooling Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr L Workman
Mrs L A Workman





SECRETARY: Mrs L Workman





REGISTERED OFFICE: Bridgeman House
Pindar Road
Hoddesdon
Hertfordshire
EN11 0DE





REGISTERED NUMBER: 02605081 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Herts Cooling Limited (Registered number: 02605081)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,036 89,122

CURRENT ASSETS
Stocks 5 150,789 152,885
Debtors 6 453,000 331,450
Cash at bank 306,335 445,763
910,124 930,098
CREDITORS
Amounts falling due within one year 7 200,812 294,325
NET CURRENT ASSETS 709,312 635,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,348

724,895

PROVISIONS FOR LIABILITIES 8 23,306 14,464
NET ASSETS 822,042 710,431

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 821,042 709,431
SHAREHOLDERS' FUNDS 822,042 710,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Herts Cooling Limited (Registered number: 02605081)

Balance Sheet - continued
30 November 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 31 July 2024 and were signed on its behalf by:





Mr L Workman - Director


Herts Cooling Limited (Registered number: 02605081)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Herts Cooling 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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Herts Cooling Limited (Registered number: 02605081)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 21 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 2,148 8,396 203,760 15,834 230,138
Additions - - 92,491 - 92,491
At 30 November 2023 2,148 8,396 296,251 15,834 322,629
DEPRECIATION
At 1 December 2022 2,017 7,454 119,079 12,466 141,016
Charge for year 13 94 44,293 1,177 45,577
At 30 November 2023 2,030 7,548 163,372 13,643 186,593
NET BOOK VALUE
At 30 November 2023 118 848 132,879 2,191 136,036
At 30 November 2022 131 942 84,681 3,368 89,122

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 123,336 93,610
Work-in-progress 27,453 59,275
150,789 152,885

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 428,365 312,537
Other debtors 24,635 18,913
453,000 331,450

Herts Cooling Limited (Registered number: 02605081)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 25,429 102,305
Taxation and social security 167,088 177,553
Other creditors 8,295 14,467
200,812 294,325

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 23,306 14,464

Deferred
tax
£   
Balance at 1 December 2022 14,464
Accelerated capital allowances 8,842
Balance at 30 November 2023 23,306

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £200,000 (2022 - £330,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Workman.