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REGISTERED NUMBER: 14048338 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COOLWAYS-UK LTD

COOLWAYS-UK LTD (REGISTERED NUMBER: 14048338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOLWAYS-UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S M Yardley
P Elliott
R Van Wingerden
M Mol





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 14048338 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

COOLWAYS-UK LTD (REGISTERED NUMBER: 14048338)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 872 -

CURRENT ASSETS
Stocks 174,000 7,523
Debtors 5 354,777 182
Cash at bank 99,417 793
628,194 8,498
CREDITORS
Amounts falling due within one year 6 627,695 14,431
NET CURRENT ASSETS/(LIABILITIES) 499 (5,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,371

(5,933

)

PROVISIONS FOR LIABILITIES 218 -
NET ASSETS/(LIABILITIES) 1,153 (5,933 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,053 (6,033 )
SHAREHOLDERS' FUNDS 1,153 (5,933 )

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

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

COOLWAYS-UK LTD (REGISTERED NUMBER: 14048338)

BALANCE SHEET - continued
31 MARCH 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 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 August 2024 and were signed on its behalf by:




S M Yardley - Director



R Van Wingerden - Director


COOLWAYS-UK LTD (REGISTERED NUMBER: 14048338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Coolways-UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 33% 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 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.

3. EMPLOYEES AND DIRECTORS

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

COOLWAYS-UK LTD (REGISTERED NUMBER: 14048338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,308
At 31 March 2024 1,308
DEPRECIATION
Charge for year 436
At 31 March 2024 436
NET BOOK VALUE
At 31 March 2024 872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 354,777 -
Other debtors - 182
354,777 182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 538,209 625
Corporation tax 748 -
Social security and other taxes 19,070 -
Other creditors - 7,523
Directors' current accounts 2,954 5,033
Accrued expenses 66,714 1,250
627,695 14,431

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
75 A Ordinary £1 75 75
25 B Ordinary £1 25 25
100 100

COOLWAYS-UK LTD (REGISTERED NUMBER: 14048338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Cool Investments Holding BV which owns 75% of the share capital in Coolways-UK Ltd.
Cool Investments Holding BV is incorporation in the Netherlands, having its registered office at Angstelkade 2a 3.1, 3631NA, Mieuwesluis, Netherlands.