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REGISTERED NUMBER: 04504791 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Coldstar (UK) Ltd

Coldstar (UK) Ltd (Registered number: 04504791)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coldstar (UK) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: L Bryant





REGISTERED OFFICE: Unit 29
Old Mills Industrial Estate
Paulton
Bristol
Avon
BS39 7SU





REGISTERED NUMBER: 04504791 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Coldstar (UK) Ltd (Registered number: 04504791)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 128,370 136,325
128,370 136,325

CURRENT ASSETS
Stocks 5,850 18,350
Debtors 6 393,145 529,693
Cash at bank 266,584 159,479
665,579 707,522
CREDITORS
Amounts falling due within one year 7 589,660 486,928
NET CURRENT ASSETS 75,919 220,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,289

356,919

CREDITORS
Amounts falling due after more than one
year

8

(157,710

)

(226,168

)

PROVISIONS FOR LIABILITIES (14,750 ) (17,383 )
NET ASSETS 31,829 113,368

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,729 113,268
SHAREHOLDERS' FUNDS 31,829 113,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Coldstar (UK) Ltd (Registered number: 04504791)

Balance Sheet - continued
31 October 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 director and authorised for issue on 19 August 2024 and were signed by:





L Bryant - Director


Coldstar (UK) Ltd (Registered number: 04504791)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Coldstar (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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

Taxation
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.

Coldstar (UK) Ltd (Registered number: 04504791)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 207,500
AMORTISATION
At 1 November 2022
and 31 October 2023 207,500
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Coldstar (UK) Ltd (Registered number: 04504791)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2022 27,237 17,033 52,695
Additions - - -
At 31 October 2023 27,237 17,033 52,695
DEPRECIATION
At 1 November 2022 - 12,729 26,995
Charge for year - 1,076 6,425
At 31 October 2023 - 13,805 33,420
NET BOOK VALUE
At 31 October 2023 27,237 3,228 19,275
At 31 October 2022 27,237 4,304 25,700

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 116,819 - 213,784
Additions 25,005 752 25,757
At 31 October 2023 141,824 752 239,541
DEPRECIATION
At 1 November 2022 37,735 - 77,459
Charge for year 26,023 188 33,712
At 31 October 2023 63,758 188 111,171
NET BOOK VALUE
At 31 October 2023 78,066 564 128,370
At 31 October 2022 79,084 - 136,325

Coldstar (UK) Ltd (Registered number: 04504791)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 91,314
Additions 25,005
At 31 October 2023 116,319
DEPRECIATION
At 1 November 2022 28,553
Charge for year 21,942
At 31 October 2023 50,495
NET BOOK VALUE
At 31 October 2023 65,824
At 31 October 2022 62,761

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 353,084 292,877
Amounts owed by group undertakings 39,644 236,608
Prepayments and accrued income 417 208
393,145 529,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 25,508 20,274
Trade creditors 353,922 211,529
Tax 116,767 92,862
Social security and other taxes 6,154 6,948
VAT 63,401 35,341
Other creditors - 70,000
Pensions payable 1,258 1,060
Directors' current accounts - 21,364
Accruals and deferred income 22,650 27,550
589,660 486,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bounce back loan 129,271 190,965
Hire purchase contracts 28,439 35,203
157,710 226,168

Coldstar (UK) Ltd (Registered number: 04504791)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £0 (2022 - £27,855)

10. RELATED PARTY DISCLOSURES

Coldstar (UK) Holdings Ltd owns the shares in Coldstar (UK) Ltd

£406,692.dividends were declared to the shareholder Coldstar UK Holdings Ltd (2022 - £300,000).

11. ULTIMATE CONTROLLING PARTY

L Bryant is the Ultimate Controlling Party, by virtue of his majority shareholding in Coldstar (UK) Holdings Ltd