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Registration number: 13121714

Wessex Cooling Services Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 1 February 2023 to 30 April 2024

 

Wessex Cooling Services Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 9

 

Wessex Cooling Services Ltd

Company Information

Directors

Tim Porter

Rebecca Porter

Company secretary

Rebecca Porter

Registered office

21 Osprey Close
Upton
Poole
Dorset
BT16 5FF

Accountants

Howdenwhite LLP
Chartered Certified AccountantsUnits 16-18, The Boscombe Centre
Mills Way
Amesbury
Salisbury
Wiltshire
SP4 7SD

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Wessex Cooling Services Ltd
for the Period Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wessex Cooling Services Ltd for the period ended 30 April 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Wessex Cooling Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wessex Cooling Services Ltd and state those matters that we have agreed to state to the Board of Directors of Wessex Cooling Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wessex Cooling Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wessex Cooling Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Wessex Cooling Services Ltd. You consider that Wessex Cooling Services Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Wessex Cooling Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Howdenwhite LLP
Chartered Certified Accountants
Units 16-18, The Boscombe Centre
Mills Way
Amesbury
Salisbury
Wiltshire
SP4 7SD

28 January 2025

 

Wessex Cooling Services Ltd

(Registration number: 13121714)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

25,244

11,002

Current assets

 

Stocks

5

-

8,000

Debtors

46,771

52,238

Cash at bank and in hand

 

28,809

37,503

 

75,580

97,741

Prepayments and accrued income

 

1,575

2,512

Creditors: Amounts falling due within one year

(11,850)

(29,446)

Net current assets

 

65,305

70,807

Total assets less current liabilities

 

90,549

81,809

Creditors: Amounts falling due after more than one year

(9,308)

-

Accruals and deferred income

 

(1,200)

(1,500)

Net assets

 

80,041

80,309

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

79,941

80,209

Shareholders' funds

 

80,041

80,309

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Wessex Cooling Services Ltd

(Registration number: 13121714)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
Tim Porter
Director

 

Wessex Cooling Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
21 Osprey Close
Upton
Poole
Dorset
BT16 5FF

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wessex Cooling Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Wessex Cooling Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 30 April 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6 (2023 - 3).

 

Wessex Cooling Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

832

26,495

27,327

Additions

-

19,195

19,195

Disposals

-

(12,500)

(12,500)

At 30 April 2024

832

33,190

34,022

Depreciation

At 1 February 2023

256

3,569

3,825

Charge for the period

347

4,606

4,953

At 30 April 2024

603

8,175

8,778

Carrying amount

At 30 April 2024

229

25,015

25,244

At 31 January 2023

576

10,426

11,002

5

Stocks

2024
£

2023
£

Work in progress

-

8,000

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Wessex Cooling Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 30 April 2024

7

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances to director
£

At 30 April 2024
£

2024

At 1 February 2023
£

Advances to director
£

At 30 April 2024
£

Directors Loan Account

6,748

1,894

8,642

 

2023

At 1 February 2022
£

Advances to director
£

At 31 January 2023
£

Directors Loan Account

(13,783)

20,531

6,748

 

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

2023
£

Remuneration

40,750

55,607