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REGISTERED NUMBER: 06519345 (England and Wales)












REACT COOLING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






REACT COOLING SERVICES LIMITED (REGISTERED NUMBER: 06519345)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REACT COOLING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr A R Williams
Mrs S M Williams





SECRETARY: Mrs S M Williams





REGISTERED OFFICE: Romsley Point
Farley Lane
Romsley
Bromsgrove
B62 0LG





REGISTERED NUMBER: 06519345 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

REACT COOLING SERVICES LIMITED (REGISTERED NUMBER: 06519345)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,354 33,421

CURRENT ASSETS
Debtors 5 144,263 855,077
Cash at bank and in hand 45,097 141,797
189,360 996,874
CREDITORS
Amounts falling due within one year 6 189,260 670,520
NET CURRENT ASSETS 100 326,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,454

359,775

PROVISIONS FOR LIABILITIES 7 1,600 5,177
NET ASSETS 6,854 354,598

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 6,754 354,498
SHAREHOLDERS' FUNDS 6,854 354,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:



Mrs S M Williams - Director


REACT COOLING SERVICES LIMITED (REGISTERED NUMBER: 06519345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

React Cooling Services 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 the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

REACT COOLING SERVICES LIMITED (REGISTERED NUMBER: 06519345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

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 5 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 3,773 84,307 11,909 99,989
Disposals (1,129 ) (66,852 ) (574 ) (68,555 )
At 29 February 2024 2,644 17,455 11,335 31,434
DEPRECIATION
At 1 March 2023 3,220 52,841 10,507 66,568
Charge for year 38 2,455 387 2,880
Eliminated on disposal (915 ) (45,204 ) (249 ) (46,368 )
At 29 February 2024 2,343 10,092 10,645 23,080
NET BOOK VALUE
At 29 February 2024 301 7,363 690 8,354
At 28 February 2023 553 31,466 1,402 33,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,439 803,907
Other debtors 6,824 51,170
144,263 855,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 75,680 453,981
Amounts owed to group undertakings 86,882 132,887
Taxation and social security 21,742 41,748
Other creditors 4,956 41,904
189,260 670,520

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,600 5,177

REACT COOLING SERVICES LIMITED (REGISTERED NUMBER: 06519345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 5,177
Provided during year (3,577 )
Balance at 29 February 2024 1,600

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100