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REGISTERED NUMBER: 02878759 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EUROCOLD LIMITED

EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

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


EUROCOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M Smith
G Gordon
Mrs S E L Smith
Ms S Davies





SECRETARY: Mrs S E L Smith





REGISTERED OFFICE: Unit 7
Blackmoor Farm
New Road
Bedford
Bedfordshire
MK45 2BG





REGISTERED NUMBER: 02878759 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 363,071 326,156
Investment property 5 9,465 9,465
372,536 335,621

CURRENT ASSETS
Stocks 193,560 120,701
Debtors 6 474,222 477,707
Cash at bank 203,677 388,620
871,459 987,028
CREDITORS
Amounts falling due within one year 7 426,070 484,155
NET CURRENT ASSETS 445,389 502,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

817,925

838,494

CREDITORS
Amounts falling due after more than one
year

8

(42,492

)

(14,700

)

PROVISIONS FOR LIABILITIES 10 (32,151 ) (31,114 )
NET ASSETS 743,282 792,680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 743,182 792,580
SHAREHOLDERS' FUNDS 743,282 792,680

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.

EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

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 29 January 2025 and were signed on its behalf by:





M Smith - Director


EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Eurocold 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

It is estimated that the residual value of the long leasehold property at the end of the estimated useful life is deemed to be at least equal to the costs recorded in the financial statements. There is therefore no depreciation charge in these financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Long Improvements Plant and
leasehold to property machinery
£ £ £
COST
At 1 May 2023 154,893 20,180 118,852
Additions - - 28,319
Disposals - - (3,439 )
At 30 April 2024 154,893 20,180 143,732
DEPRECIATION
At 1 May 2023 - 20,179 94,980
Charge for year - - 8,508
Eliminated on disposal - - (3,080 )
At 30 April 2024 - 20,179 100,408
NET BOOK VALUE
At 30 April 2024 154,893 1 43,324
At 30 April 2023 154,893 1 23,872

EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 May 2023 56,444 205,234 36,048 591,651
Additions 735 105,165 9,394 143,613
Disposals (1,395 ) (76,318 ) - (81,152 )
At 30 April 2024 55,784 234,081 45,442 654,112
DEPRECIATION
At 1 May 2023 27,309 90,248 32,779 265,495
Charge for year 5,859 42,104 4,057 60,528
Eliminated on disposal (1,259 ) (30,643 ) - (34,982 )
At 30 April 2024 31,909 101,709 36,836 291,041
NET BOOK VALUE
At 30 April 2024 23,875 132,372 8,606 363,071
At 30 April 2023 29,135 114,986 3,269 326,156

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 May 2023 - 27,565 27,565
Additions 25,967 105,165 131,132
Transfer to ownership - (27,565 ) (27,565 )
At 30 April 2024 25,967 105,165 131,132
DEPRECIATION
At 1 May 2023 - 37,160 37,160
Charge for year 2,107 16,897 19,004
Reclassification/transfer - (44,051 ) (44,051 )
At 30 April 2024 2,107 10,006 12,113
NET BOOK VALUE
At 30 April 2024 23,860 95,159 119,019
At 30 April 2023 - (9,595 ) (9,595 )

EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 9,465
NET BOOK VALUE
At 30 April 2024 9,465
At 30 April 2023 9,465

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 420,020 360,060
Other debtors 6,203 69,408
Tax 12,117 -
Prepayments 25,983 22,340
464,323 451,808

Amounts falling due after more than one year:
Other debtors 9,899 25,899

Aggregate amounts 474,222 477,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 40,679 1,563
Trade creditors 335,979 326,025
Tax - 14,755
Social security and other taxes 3,351 9,086
VAT 32,634 82,503
Other creditors 5,441 11,122
Directors' current accounts 3,851 35,161
Accrued expenses 4,135 3,940
426,070 484,155

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 42,492 14,700

EUROCOLD LIMITED (REGISTERED NUMBER: 02878759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 83,171 16,263

All monies that become due to Barclays Bank PLC are secured on the property 7 Blackmoor Industrial Estate, New Road, Maulden, Bedford.

Hire purchase and finance lease liabilities are secured on the assets acquired.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 32,151 31,114

Deferred tax
£
Balance at 1 May 2023 31,114
Provided during year 1,037
Balance at 30 April 2024 32,151