1 August 2023 false Taxfiler 2024.6 03168499business:PrivateLimitedCompanyLtd2023-08-012024-07-31 031684992023-07-31 031684992023-08-012024-07-31 03168499business:AuditExemptWithAccountantsReport2023-08-012024-07-31 03168499business:FilletedAccounts2023-08-012024-07-31 031684992024-07-31 03168499business:Director12023-08-012024-07-31 03168499business:RegisteredOffice2023-08-012024-07-31 031684992023-07-31 03168499core:WithinOneYear2024-07-31 03168499core:WithinOneYear2023-07-31 03168499core:AfterOneYear2024-07-31 03168499core:AfterOneYear2023-07-31 03168499core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 03168499core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 03168499core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 03168499core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 03168499core:PreviouslyStatedAmount2024-07-31 03168499core:PreviouslyStatedAmount2023-07-31 03168499business:SmallEntities2023-08-012024-07-31 03168499countries:EnglandWales2023-08-012024-07-31 03168499core:LandBuildings2023-08-012024-07-31 03168499core:PlantMachinery2023-08-012024-07-31 03168499core:MotorVehicles2023-08-012024-07-31 03168499core:FurnitureFittings2023-08-012024-07-31 03168499core:LandBuildings2023-07-31 03168499core:PlantMachinery2023-07-31 03168499core:MotorVehicles2023-07-31 03168499core:FurnitureFittings2023-07-31 03168499core:LandBuildings2024-07-31 03168499core:PlantMachinery2024-07-31 03168499core:MotorVehicles2024-07-31 03168499core:FurnitureFittings2024-07-31 031684992022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 03168499 (England and Wales)
Refcool Refrigeration Limited Unaudited accounts for the year ended 31 July 2024
Refcool Refrigeration Limited Unaudited accounts Contents
Page
- 2 -
Refcool Refrigeration Limited Company Information for the year ended 31 July 2024
Director
K J Keyte
Company Number
03168499 (England and Wales)
Registered Office
Unit L Langlands Business Park Uffculme,Cullompton Devon United Kingdom EX15 3DA
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
- 3 -
Refcool Refrigeration Limited Accountants' report
Accountants' report to the director of Refcool Refrigeration Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Refcool Refrigeration Limited for the year ended 31 July 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Refcool Refrigeration Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Refcool Refrigeration Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Refcool Refrigeration Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Refcool Refrigeration Limited 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 Refcool Refrigeration Limited . You consider that Refcool Refrigeration Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Refcool Refrigeration Limited . 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.
Taxsense 203 West Street Fareham Hants PO16 0EN 6 December 2024
- 4 -
Refcool Refrigeration Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,675 
47,973 
Current assets
Inventories
286,879 
344,322 
Debtors
156,901 
179,262 
Cash at bank and in hand
57,538 
18,378 
501,318 
541,962 
Creditors: amounts falling due within one year
(335,938)
(298,944)
Net current assets
165,380 
243,018 
Total assets less current liabilities
202,055 
290,991 
Creditors: amounts falling due after more than one year
(41,582)
(7,171)
Net assets
160,473 
283,820 
Capital and reserves
Called up share capital
75 
75 
Profit and loss account
160,398 
283,745 
Shareholders' funds
160,473 
283,820 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 December 2024 and were signed on its behalf by
K J Keyte Director Company Registration No. 03168499
- 5 -
Refcool Refrigeration Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Refcool Refrigeration Limited is a private company, limited by shares, registered in England and Wales, registration number 03168499. The registered office is Unit L Langlands Business Park, Uffculme,Cullompton, Devon, United Kingdom, EX15 3DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 5 years
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
Refcool Refrigeration Limited Notes to the Accounts for the year ended 31 July 2024
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
6,304 
24,210 
80,703 
55,058 
166,275 
At 31 July 2024
6,304 
24,210 
80,703 
55,058 
166,275 
Depreciation
At 1 August 2023
6,304 
22,174 
46,628 
43,196 
118,302 
Charge for the year
- 
407 
8,519 
2,372 
11,298 
At 31 July 2024
6,304 
22,581 
55,147 
45,568 
129,600 
Net book value
At 31 July 2024
- 
1,629 
25,556 
9,490 
36,675 
At 31 July 2023
- 
2,036 
34,075 
11,862 
47,973 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
107,088 
103,270 
Accrued income and prepayments
8,277 
4,255 
Other debtors
41,536 
71,737 
156,901 
179,262 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,673 
8,937 
VAT
30,118 
46,689 
Obligations under finance leases and hire purchase contracts
688 
3,936 
Trade creditors
149,236 
83,403 
Taxes and social security
13,053 
(922)
Other creditors
115,246 
148,784 
Accruals
12,924 
8,117 
335,938 
298,944 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
41,582 
7,171 
- 7 -
Refcool Refrigeration Limited Notes to the Accounts for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 11 (2023: 11).
- 8 -