Silverfin false false 31/07/2024 01/08/2023 31/07/2024 C A Sanjuan 28/08/2018 E Leon 11/02/1994 13 November 2024 The principal activity of the Company during the financial year was the provision of road haulage services and the rental of refrigerated trailers. 02897548 2024-07-31 02897548 bus:Director1 2024-07-31 02897548 bus:Director2 2024-07-31 02897548 2023-07-31 02897548 core:CurrentFinancialInstruments 2024-07-31 02897548 core:CurrentFinancialInstruments 2023-07-31 02897548 core:ShareCapital 2024-07-31 02897548 core:ShareCapital 2023-07-31 02897548 core:CapitalRedemptionReserve 2024-07-31 02897548 core:CapitalRedemptionReserve 2023-07-31 02897548 core:RetainedEarningsAccumulatedLosses 2024-07-31 02897548 core:RetainedEarningsAccumulatedLosses 2023-07-31 02897548 core:PlantMachinery 2023-07-31 02897548 core:FurnitureFittings 2023-07-31 02897548 core:OfficeEquipment 2023-07-31 02897548 core:PlantMachinery 2024-07-31 02897548 core:FurnitureFittings 2024-07-31 02897548 core:OfficeEquipment 2024-07-31 02897548 core:CostValuation 2023-07-31 02897548 core:AdditionsToInvestments 2024-07-31 02897548 core:CostValuation 2024-07-31 02897548 2023-08-01 2024-07-31 02897548 bus:FilletedAccounts 2023-08-01 2024-07-31 02897548 bus:SmallEntities 2023-08-01 2024-07-31 02897548 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 02897548 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02897548 bus:Director1 2023-08-01 2024-07-31 02897548 bus:Director2 2023-08-01 2024-07-31 02897548 core:PlantMachinery 2023-08-01 2024-07-31 02897548 core:FurnitureFittings 2023-08-01 2024-07-31 02897548 core:OfficeEquipment core:TopRangeValue 2023-08-01 2024-07-31 02897548 2022-08-01 2023-07-31 02897548 core:OfficeEquipment 2023-08-01 2024-07-31 02897548 core:Subsidiary1 2023-08-01 2024-07-31 02897548 core:Subsidiary1 1 2023-08-01 2024-07-31 02897548 core:Subsidiary1 1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 02897548 (England and Wales)

CARGO REFRIGERATION LTD

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

CARGO REFRIGERATION LTD

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

CARGO REFRIGERATION LTD

BALANCE SHEET

As at 31 July 2024
CARGO REFRIGERATION LTD

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,825 4,086
Investments 4 494,601 400,101
497,426 404,187
Current assets
Debtors 5 1,237,543 1,338,903
Cash at bank and in hand 1,595,105 1,919,883
2,832,648 3,258,786
Creditors: amounts falling due within one year 6 ( 1,550,274) ( 2,057,841)
Net current assets 1,282,374 1,200,945
Total assets less current liabilities 1,779,800 1,605,132
Provision for liabilities ( 226) ( 589)
Net assets 1,779,574 1,604,543
Capital and reserves
Called-up share capital 1 1
Capital redemption reserve 1 1
Profit and loss account 1,779,572 1,604,541
Total shareholders' funds 1,779,574 1,604,543

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cargo Refrigeration Ltd (registered number: 02897548) were approved and authorised for issue by the Board of Directors on 13 November 2024. They were signed on its behalf by:

E Leon
Director
CARGO REFRIGERATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
CARGO REFRIGERATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cargo Refrigeration Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Purbeck House, New Harbour Road South, Poole, BH15 4AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 August 2023 189,300 23,778 1,767 214,845
At 31 July 2024 189,300 23,778 1,767 214,845
Accumulated depreciation
At 01 August 2023 187,220 23,169 370 210,759
Charge for the financial year 520 152 589 1,261
At 31 July 2024 187,740 23,321 959 212,020
Net book value
At 31 July 2024 1,560 457 808 2,825
At 31 July 2023 2,080 609 1,397 4,086

4. Fixed asset investments

Investments in joint ventures Other investments Total
£ £ £
Cost or valuation before impairment
At 01 August 2023 3,101 397,000 400,101
Additions 0 94,500 94,500
At 31 July 2024 3,101 491,500 494,601
Carrying value at 31 July 2024 3,101 491,500 494,601
Carrying value at 31 July 2023 3,101 397,000 400,101

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.07.2024
Ownership
31.07.2023
Purbeck House Management Ltd Purbeck House, New Harbour Road South, Poole, Dorset, BH15 4AJ Management and Administration of Purbeck House Ordinary £1 79.00% 79.00%

5. Debtors

2024 2023
£ £
Trade debtors 1,115,812 1,232,816
Other debtors 121,731 106,087
1,237,543 1,338,903

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,459,909 1,930,154
Taxation and social security 79,446 121,637
Other creditors 10,919 6,050
1,550,274 2,057,841