Registered number
15091921
Cotswold Refrigeration Ltd
Filleted Accounts
31 August 2024
Cotswold Refrigeration Ltd
Registered number: 15091921
Balance Sheet
as at 31 August 2024
Notes 2024
£
Fixed assets
Tangible assets 3 5,325
Current assets
Cash at bank and in hand 16,055
Creditors: amounts falling due within one year 4 (2,030)
Net current assets 14,025
Total assets less current liabilities 19,350
Creditors: amounts falling due after more than one year 5 (18,376)
Net assets 974
Capital and reserves
Called up share capital 2
Profit and loss account 972
Shareholders' funds 974
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Hunt T M Hunt
Director
Approved by the board on 30 September 2024
Cotswold Refrigeration Ltd
Notes to the Accounts
for the period from 23 August 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 23 August 2023 7,100
At 31 August 2024 7,100
Depreciation
Charge for the period 1,775
At 31 August 2024 1,775
Net book value
At 31 August 2024 5,325
At 22 August 2023 7,100
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 580
Other creditors 1,450
2,030
5 Creditors: amounts falling due after one year 2024
£
Directors loan 18,376
6 Controlling party
The company is controlled by the directors.
7 Other information
Cotswold Refrigeration Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Mahl Cottage Causeway
Redmarley
Glos
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