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REGISTERED NUMBER: 06184572 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Refrigeration Equipment Wholesale Ltd

Refrigeration Equipment Wholesale Ltd (Registered number: 06184572)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Refrigeration Equipment Wholesale Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: Mr K Field
Mr A Walker





REGISTERED OFFICE: Unit 24b Alpha Court
Gorton Crescent
Denton
Manchester
M34 3RB





REGISTERED NUMBER: 06184572 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Refrigeration Equipment Wholesale Ltd (Registered number: 06184572)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260 1

CURRENT ASSETS
Stocks 80,041 90,036
Debtors 5 372,744 397,280
Cash at bank 6,597 7,151
459,382 494,467
CREDITORS
Amounts falling due within one year 6 405,879 465,695
NET CURRENT ASSETS 53,503 28,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,763

28,773

CREDITORS
Amounts falling due after more than one year 7 46,120 20,788
NET ASSETS 7,643 7,985

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 7,641 7,983
SHAREHOLDERS' FUNDS 7,643 7,985

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.

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 24 February 2025 and were signed on its behalf by:




Mr K Field - Director



Mr A Walker - Director


Refrigeration Equipment Wholesale Ltd (Registered number: 06184572)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Refrigeration Equipment Wholesale Ltd 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 accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Land and buildings-Straight line over the term of the lease
Plant and machinery etc-33% on cost and 25% on cost

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.

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.

Refrigeration Equipment Wholesale Ltd (Registered number: 06184572)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Invoice financing
The company uses an invoice financing facility in respect of its trade debtor balances. Trade debtors are shown within current assets and amounts drawn on the invoice financing facility are shown within current liabilities, recorded at transaction cost. The balance outstanding with the invoice financing provider has right to recourse.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 5,100 72,934 78,034
Additions - 388 388
At 31 May 2024 5,100 73,322 78,422
DEPRECIATION
At 1 June 2023 5,100 72,933 78,033
Charge for year - 129 129
At 31 May 2024 5,100 73,062 78,162
NET BOOK VALUE
At 31 May 2024 - 260 260
At 31 May 2023 - 1 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 187,617 200,137
Other debtors 185,127 197,143
372,744 397,280

Refrigeration Equipment Wholesale Ltd (Registered number: 06184572)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,663 9,994
Trade creditors 235,976 282,574
Taxation and social security 36,835 40,061
Other creditors 108,405 133,066
405,879 465,695

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 46,120 20,788

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice finance 104,493 129,340

Amounts due to the invoice finance provider are secured by way of a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £12,133 (2023: £31,650).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr A Walker
Balance outstanding at start of year 73,649 71,045
Amounts advanced 751 2,832
Amounts repaid (6,000 ) (228 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,400 73,649

Mr K Field
Balance outstanding at start of year 66,833 67,667
Amounts advanced 4,109 1,386
Amounts repaid (6,000 ) (2,220 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,942 66,833

Refrigeration Equipment Wholesale Ltd (Registered number: 06184572)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Loans are repayable on demand and attract no interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Refrigeration Equipment Wholesale Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Refrigeration Equipment Wholesale Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Refrigeration Equipment Wholesale Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Refrigeration Equipment Wholesale Ltd and state those matters that we have agreed to state to the Board of Directors of Refrigeration Equipment Wholesale Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Refrigeration Equipment Wholesale Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Refrigeration Equipment Wholesale Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Refrigeration Equipment Wholesale Ltd. You consider that Refrigeration Equipment Wholesale Ltd 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 financial statements of Refrigeration Equipment Wholesale 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 financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


24 February 2025