IRIS Accounts Production v24.3.2.46 02925893 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029258932023-05-31029258932024-05-31029258932023-06-012024-05-31029258932022-05-31029258932022-06-012023-05-31029258932023-05-3102925893ns15:EnglandWales2023-06-012024-05-3102925893ns14:PoundSterling2023-06-012024-05-3102925893ns10:Director12023-06-012024-05-3102925893ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102925893ns10:SmallEntities2023-06-012024-05-3102925893ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3102925893ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102925893ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102925893ns10:FullAccounts2023-06-012024-05-3102925893ns10:OrdinaryShareClass12023-06-012024-05-3102925893ns10:Director22023-06-012024-05-3102925893ns10:RegisteredOffice2023-06-012024-05-3102925893ns5:CurrentFinancialInstruments2024-05-3102925893ns5:CurrentFinancialInstruments2023-05-3102925893ns5:ShareCapital2024-05-3102925893ns5:ShareCapital2023-05-3102925893ns5:RetainedEarningsAccumulatedLosses2024-05-3102925893ns5:RetainedEarningsAccumulatedLosses2023-05-3102925893ns5:PlantMachinery2023-06-012024-05-3102925893ns5:FurnitureFittings2023-06-012024-05-3102925893ns5:MotorVehicles2023-06-012024-05-3102925893ns5:ComputerEquipment2023-06-012024-05-3102925893ns5:PlantMachinery2023-05-3102925893ns5:FurnitureFittings2023-05-3102925893ns5:MotorVehicles2023-05-3102925893ns5:ComputerEquipment2023-05-3102925893ns5:PlantMachinery2024-05-3102925893ns5:FurnitureFittings2024-05-3102925893ns5:MotorVehicles2024-05-3102925893ns5:ComputerEquipment2024-05-3102925893ns5:PlantMachinery2023-05-3102925893ns5:FurnitureFittings2023-05-3102925893ns5:MotorVehicles2023-05-3102925893ns5:ComputerEquipment2023-05-3102925893ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3102925893ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3102925893ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 02925893 (England and Wales)














Financial Statements

for the Year Ended 31 May 2024

for

Coldhold Systems Limited

Coldhold Systems Limited (Registered number: 02925893)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coldhold Systems Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Broome
Mrs A Broome



REGISTERED OFFICE: Unit 6
Albright Road
Widnes
Cheshire
WA8 8FY



REGISTERED NUMBER: 02925893 (England and Wales)



ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: HSBC Bank plc
2 Eccleston Street
Prescot
Liverpool
Merseyside
L34 5QF

Coldhold Systems Limited (Registered number: 02925893)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,743 72,991

CURRENT ASSETS
Stocks 390,653 438,975
Debtors 5 451,120 268,360
Cash at bank and in hand 1,340,163 1,446,915
2,181,936 2,154,250
CREDITORS
Amounts falling due within one year 6 525,313 598,421
NET CURRENT ASSETS 1,656,623 1,555,829
TOTAL ASSETS LESS CURRENT LIABILITIES 1,711,366 1,628,820

PROVISIONS FOR LIABILITIES - 5,109
NET ASSETS 1,711,366 1,623,711

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,711,364 1,623,709
SHAREHOLDERS' FUNDS 1,711,366 1,623,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Coldhold Systems Limited (Registered number: 02925893)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:





J Broome - Director


Coldhold Systems Limited (Registered number: 02925893)

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


1. STATUTORY INFORMATION

Coldhold Systems 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 represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of service provided to that date based on an appropriate proportion of the total expected consideration at completion.

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 - 25% on reducing balance
Commercial vehicles - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks and work in progress
Stock is valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress to which the company has not become entitled to consideration is valued at the lower of cost or net realisable value. In accordance with income recognition policy where the company has performed work such as to accrue an entitlement to consideration which has not yet been invoiced, this work in progress is valued at the fair value of the un-billed income.

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.

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.

Coldhold Systems Limited (Registered number: 02925893)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Commercial Motor Office
machinery vehicles vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 171,922 44,476 21,995 47,915 286,308
DEPRECIATION
At 1 June 2023 138,495 26,924 6,897 41,001 213,317
Charge for year 8,357 4,388 3,775 1,728 18,248
At 31 May 2024 146,852 31,312 10,672 42,729 231,565
NET BOOK VALUE
At 31 May 2024 25,070 13,164 11,323 5,186 54,743
At 31 May 2023 33,427 17,552 15,098 6,914 72,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 360,059 215,723
Other debtors 91,061 52,637
451,120 268,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 354,263 338,086
Taxation and social security 58,210 121,377
Other creditors 112,840 138,958
525,313 598,421

Coldhold Systems Limited (Registered number: 02925893)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary shares £1 2 2