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Registered Number: 06700352
England and Wales

 

 

 

ELITE COOLING SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Paul Raermecker
Matthew Willis
Adam Whitworth
Registered Number 06700352
Registered Office 8 Hill House Gardens
Stanwick
Northants
NN9 6QH
Accountants Emma Vannan
2 Cartrill gardens
Cartrill Street
Raunds
NN9 6XQ
1
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Emma Vannan
31 March 2024



....................................................

Emma Vannan

2 Cartrill gardens
Cartrill Street
Raunds
NN9 6XQ
04 November 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 33,566    11,548 
33,566    11,548 
Current assets      
Debtors: amounts falling due within one year 4 173,752    249,810 
Cash at bank and in hand 171,246    208,183 
344,998    457,993 
Creditors: amount falling due within one year 5 (250,990)   (309,420)
Net current assets 94,008    148,573 
 
Total assets less current liabilities 127,574    160,121 
Provisions for liabilities 6 (6,377)   (2,194)
Net assets 121,197    157,927 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 121,097    157,827 
Shareholders' funds 121,197    157,927 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 04 November 2024 and were signed on its behalf by:


-------------------------------
Paul Raermecker
Director
3
General Information
Elite Cooling Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06700352, registration address 8 Hill House Gardens, Stanwick, Northants, NN9 6QH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 50% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 4 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2023 6,319    33,204    7,478    11,840    58,841 
Additions   34,091        34,091 
Disposals        
At 31 March 2024 6,319    67,295    7,478    11,840    92,932 
Depreciation
At 01 April 2023 5,798    24,826    7,234    9,435    47,293 
Charge for year 130    10,617    61    1,265    12,073 
On disposals        
At 31 March 2024 5,928    35,443    7,295    10,700    59,366 
Net book values
Closing balance as at 31 March 2024 391    31,852    183    1,140    33,566 
Opening balance as at 01 April 2023 521    8,378    244    2,405    11,548 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 129,397    189,397 
Prepayments & Accrued Income 7,126    3,537 
Other Debtors 928    12,928 
VAT 36,301    43,948 
173,752    249,810 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 75,871    258,611 
Hire Purchase   566 
Corporation Tax 104,448    37,660 
PAYE & Social Security 1,860    2,090 
CIS Control Account 5,439    4,688 
Accrued Expenses 750    750 
Other Creditors 3,304    (1)
Wages & Salaries Control Account 2,976    3,130 
Directors' Current Accounts 56,342    1,926 
250,990    309,420 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,377    2,194 
6,377    2,194 

7.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

8.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
CMAP Investment Limited12,000 7,000 928 12,928 

CMAP Investment Limited an associated company charged rent to Elite Cooling Solutions Limited totaling £12,000 to 31st March 2024 (£7,000 2023). They owed Elite Cooling Solutions Limited £928 as at 31st March 2024 (£12,928 2023) as a interest free loan.
4