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REGISTERED NUMBER: SC667259 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Better Cooling Services Ltd

Better Cooling Services Ltd (Registered number: SC667259)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Better Cooling Services Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Brian T Carberry





REGISTERED OFFICE: Flat 2
Low Craigton House
Milngavie
Glasgow
G62 7HF





REGISTERED NUMBER: SC667259 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Better Cooling Services Ltd (Registered number: SC667259)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,810 17,081

CURRENT ASSETS
Debtors 5 16,997 24,663
Cash in hand 3,500 -
20,497 24,663
CREDITORS
Amounts falling due within one year 6 13,193 16,176
NET CURRENT ASSETS 7,304 8,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,114

25,568

CREDITORS
Amounts falling due after more than one
year

7

(5,326

)

(7,324

)

PROVISIONS FOR LIABILITIES 8 (2,434 ) (3,245 )
NET ASSETS 12,354 14,999

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 12,353 14,998
SHAREHOLDERS' FUNDS 12,354 14,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Better Cooling Services Ltd (Registered number: SC667259)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Brian T Carberry - Director


Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Better Cooling Services Ltd is a private company, limited by shares , registered in Scotland. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 139 22,698 22,837
DEPRECIATION
At 1 August 2023 81 5,675 5,756
Charge for year 15 4,256 4,271
At 31 July 2024 96 9,931 10,027
NET BOOK VALUE
At 31 July 2024 43 12,767 12,810
At 31 July 2023 58 17,023 17,081

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 22,698
DEPRECIATION
At 1 August 2023 5,675
Charge for year 4,256
At 31 July 2024 9,931
NET BOOK VALUE
At 31 July 2024 12,767
At 31 July 2023 17,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,997 24,663

Better Cooling Services Ltd (Registered number: SC667259)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,998 1,998
Trade creditors - 1,354
Taxation and social security 9,268 2,037
Other creditors 1,927 10,787
13,193 16,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,326 7,324

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,434 3,245

Deferred
tax
£   
Balance at 1 August 2023 3,245
Provided during year (811 )
Balance at 31 July 2024 2,434

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Share capital 1 1 1 1