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REGISTERED NUMBER: 05592777 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

GDM Cooler Manufacturing Limited

GDM Cooler Manufacturing Limited (Registered number: 05592777)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

GDM Cooler Manufacturing Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K G Ansell
D A Clark





REGISTERED OFFICE: Unit 7
Boston Industrial Estate
Power Station Road
Rugeley
Staffordshire
WS15 2HS





REGISTERED NUMBER: 05592777 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

GDM Cooler Manufacturing Limited (Registered number: 05592777)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 182,812 118,354
Investments 6 2 2
182,814 118,356

CURRENT ASSETS
Stocks 463,757 339,534
Debtors 7 1,551,840 1,878,740
Cash at bank and in hand 1,598,760 679,115
3,614,357 2,897,389
CREDITORS
Amounts falling due within one year 8 (900,399 ) (544,519 )
NET CURRENT ASSETS 2,713,958 2,352,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,896,772

2,471,226

PROVISIONS FOR LIABILITIES (42,446 ) (21,942 )
NET ASSETS 2,854,326 2,449,284

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 2,854,126 2,449,084
SHAREHOLDERS' FUNDS 2,854,326 2,449,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

GDM Cooler Manufacturing Limited (Registered number: 05592777)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





D A Clark - Director


GDM Cooler Manufacturing Limited (Registered number: 05592777)

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

1. STATUTORY INFORMATION

GDM Cooler Manufacturing 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


GDM Cooler Manufacturing Limited (Registered number: 05592777)

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

2. ACCOUNTING POLICIES - continued
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.

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 28 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

GDM Cooler Manufacturing Limited (Registered number: 05592777)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 15,342 168,876 8,060
Additions - 91,883 -
Disposals - (12,118 ) -
At 31 December 2023 15,342 248,641 8,060
DEPRECIATION
At 1 January 2023 6,853 65,512 3,339
Charge for year 1,698 22,084 943
Eliminated on disposal - (6,114 ) -
At 31 December 2023 8,551 81,482 4,282
NET BOOK VALUE
At 31 December 2023 6,791 167,159 3,778
At 31 December 2022 8,489 103,364 4,721

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 13,622 1,018 206,918
Additions 4,000 - 95,883
Disposals - - (12,118 )
At 31 December 2023 17,622 1,018 290,683
DEPRECIATION
At 1 January 2023 11,842 1,018 88,564
Charge for year 696 - 25,421
Eliminated on disposal - - (6,114 )
At 31 December 2023 12,538 1,018 107,871
NET BOOK VALUE
At 31 December 2023 5,084 - 182,812
At 31 December 2022 1,780 - 118,354

GDM Cooler Manufacturing Limited (Registered number: 05592777)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

On 30 December 2022, the company purchased 100% of the share capital of Maidenwell Associates Limited at par.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 929,265 789,262
Other debtors 622,575 1,089,478
1,551,840 1,878,740

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 167,745 82,690
Taxation and social security 464,660 316,795
Other creditors 267,994 145,034
900,399 544,519

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023, there is an overdrawn Director's Loan account for K G Ansell of £574,925, for which £200,000 will be repaid on 30 April 2024, and tax of £126,537 will be paid under S455 CTA 2010 on the remaining balance.

11. RELATED PARTY DISCLOSURES

Maidenwell Associates Limited is a 100% owned subsidiary of GDM Cooler Manufacturing Limited. At 31 December 2023, there was a loan of £NIL (2022: £437,607) owed from Maidenwell Associates Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GDM Cooler Manufacturing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GDM Cooler Manufacturing Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of GDM Cooler Manufacturing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GDM Cooler Manufacturing Limited and state those matters that we have agreed to state to the Board of Directors of GDM Cooler Manufacturing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GDM Cooler Manufacturing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GDM Cooler Manufacturing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GDM Cooler Manufacturing Limited. You consider that GDM Cooler Manufacturing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GDM Cooler Manufacturing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


17 September 2024