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REGISTERED NUMBER: NI636385 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

COOLMAR KELLS LTD

COOLMAR KELLS LTD (REGISTERED NUMBER: NI636385)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOLMAR KELLS LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr P McCool
Ms M J Henry





REGISTERED OFFICE: 14 Antrim Road
Ballymena
Co. Antrim
BT42 2BJ





REGISTERED NUMBER: NI636385 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

COOLMAR KELLS LTD (REGISTERED NUMBER: NI636385)

Balance Sheet
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,612 64,767

CURRENT ASSETS
Stocks 141,654 139,552
Debtors 5 63,668 111,234
Cash at bank and in hand 367,213 254,394
572,535 505,180
CREDITORS
Amounts falling due within one year 6 419,052 431,379
NET CURRENT ASSETS 153,483 73,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,095

138,568

CREDITORS
Amounts falling due after more than one
year

7

(15,677

)

(25,792

)

PROVISIONS FOR LIABILITIES (12,055 ) (12,306 )
NET ASSETS 175,363 100,470

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,263 100,370
175,363 100,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

COOLMAR KELLS LTD (REGISTERED NUMBER: NI636385)

Balance Sheet - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





Mr P McCool - Director


COOLMAR KELLS LTD (REGISTERED NUMBER: NI636385)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Coolmar Kells Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

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.

COOLMAR KELLS LTD (REGISTERED NUMBER: NI636385)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 126,433
Additions 11,250
At 30 April 2024 137,683
DEPRECIATION
At 1 May 2023 61,666
Charge for year 26,405
At 30 April 2024 88,071
NET BOOK VALUE
At 30 April 2024 49,612
At 30 April 2023 64,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 84 2,827
Other debtors 63,584 108,407
63,668 111,234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,115 9,865
Trade creditors 301,137 326,577
Taxation and social security 63,601 28,180
Other creditors 44,199 66,757
419,052 431,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 15,677 25,792

COOLMAR KELLS LTD (REGISTERED NUMBER: NI636385)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. RELATED PARTY DISCLOSURES

During the year the company was charged £nil (2023:£15,931) by Coolmar Ltd in respect of management time. Coolmar Ltd is a company controlled by the directors. The amount owing to Coolmar Ltd at the year end was £nil (2023-£nil)