Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalse2023-04-01falseNo description of principal activity1211trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00832985 2023-04-01 2024-03-31 00832985 2022-04-01 2023-03-31 00832985 2024-03-31 00832985 2023-03-31 00832985 c:CompanySecretary1 2023-04-01 2024-03-31 00832985 c:Director1 2023-04-01 2024-03-31 00832985 c:Director2 2023-04-01 2024-03-31 00832985 c:RegisteredOffice 2023-04-01 2024-03-31 00832985 c:Agent1 2023-04-01 2024-03-31 00832985 d:Buildings 2023-04-01 2024-03-31 00832985 d:Buildings 2024-03-31 00832985 d:Buildings 2023-03-31 00832985 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00832985 d:MotorVehicles 2023-04-01 2024-03-31 00832985 d:FurnitureFittings 2023-04-01 2024-03-31 00832985 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 00832985 d:OtherPropertyPlantEquipment 2024-03-31 00832985 d:OtherPropertyPlantEquipment 2023-03-31 00832985 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00832985 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00832985 d:CurrentFinancialInstruments 2024-03-31 00832985 d:CurrentFinancialInstruments 2023-03-31 00832985 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00832985 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00832985 d:ShareCapital 2024-03-31 00832985 d:ShareCapital 2023-03-31 00832985 d:CapitalRedemptionReserve 2024-03-31 00832985 d:CapitalRedemptionReserve 2023-03-31 00832985 d:RetainedEarningsAccumulatedLosses 2024-03-31 00832985 d:RetainedEarningsAccumulatedLosses 2023-03-31 00832985 c:FRS102 2023-04-01 2024-03-31 00832985 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00832985 c:FullAccounts 2023-04-01 2024-03-31 00832985 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00832985 6 2023-04-01 2024-03-31 00832985 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 00832985







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


HOTFROST LIMITED






































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HOTFROST LIMITED
 


 
COMPANY INFORMATION


Directors
G N Batt 
S A Batt 




Company secretary
S A Batt



Registered number
00832985



Registered office
72/76 Brighton Road
Surbiton

Surrey

KT6 5PS




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Bankers
National Westminster Bank plc
3 High Street

Maidstone

Kent

ME14 1HJ





 


HOTFROST LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


HOTFROST LIMITED
REGISTERED NUMBER:00832985



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
63,432
68,501

Investments
 5 
2
2

  
63,434
68,503

Current assets
  

Stocks
  
513,855
524,466

Debtors: amounts falling due within one year
 6 
442,068
465,482

Cash at bank and in hand
  
1,597,486
1,655,039

  
2,553,409
2,644,987

Creditors: amounts falling due within one year
 7 
(258,398)
(277,339)

Net current assets
  
 
 
2,295,011
 
 
2,367,648

Total assets less current liabilities
  
2,358,445
2,436,151

  

Net assets
  
2,358,445
2,436,151


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Capital redemption reserve
  
35,000
35,000

Profit and loss account
  
2,318,445
2,396,151

  
2,358,445
2,436,151


Page 1

 


HOTFROST LIMITED
REGISTERED NUMBER:00832985


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


G N Batt
Director
Date: 20 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


HOTFROST LIMITED
 


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

1.


General information

Hotfrost Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover is generated by the sales of heating, refrigeration, ventilation and air conditioning equipment and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Motor vehicles
-
20% straight line
Fixtures and fittings
-
15% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 


HOTFROST LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 11).

Page 4

 


HOTFROST LIMITED
 


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

4.


Tangible fixed assets





Land and buildings
Other plant & machinery etc.
Total

£
£
£



Cost or valuation


At 1 April 2023
106,045
170,424
276,469


Additions
-
139
139



At 31 March 2024

106,045
170,563
276,608



Depreciation


At 1 April 2023
49,651
158,317
207,968


Charge for the year on owned assets
2,120
3,088
5,208



At 31 March 2024

51,771
161,405
213,176



Net book value



At 31 March 2024
54,274
9,158
63,432



At 31 March 2023
56,394
12,107
68,501


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
2



At 31 March 2024
2




Page 5

 


HOTFROST LIMITED
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
426,784
440,301

Other debtors
3,523
14,147

Prepayments and accrued income
11,761
11,034

442,068
465,482



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
119,177
151,714

Corporation tax
29,346
40,209

Other taxation and social security
46,364
38,967

Accruals and deferred income
63,511
46,449

258,398
277,339


 
Page 6