IRIS Accounts Production v24.3.2.46 09921761 director 1.7.23 30.6.24 30.6.24 25.2.25 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099217612023-06-30099217612024-06-30099217612023-07-012024-06-30099217612022-06-30099217612022-07-012023-06-30099217612023-06-3009921761ns15:EnglandWales2023-07-012024-06-3009921761ns14:PoundSterling2023-07-012024-06-3009921761ns10:Director12023-07-012024-06-3009921761ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009921761ns10:SmallEntities2023-07-012024-06-3009921761ns10:Audited2023-07-012024-06-3009921761ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009921761ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009921761ns10:FullAccounts2023-07-012024-06-3009921761ns10:OrdinaryShareClass12023-07-012024-06-3009921761ns10:RegisteredOffice2023-07-012024-06-3009921761ns5:CurrentFinancialInstruments2024-06-3009921761ns5:CurrentFinancialInstruments2023-06-3009921761ns5:Non-currentFinancialInstruments2024-06-3009921761ns5:Non-currentFinancialInstruments2023-06-3009921761ns5:ShareCapital2024-06-3009921761ns5:ShareCapital2023-06-3009921761ns5:RetainedEarningsAccumulatedLosses2024-06-3009921761ns5:RetainedEarningsAccumulatedLosses2023-06-3009921761ns5:MotorVehicles2023-07-012024-06-3009921761ns5:ComputerEquipment2023-07-012024-06-3009921761ns5:MotorVehicles2023-06-3009921761ns5:ComputerEquipment2023-06-3009921761ns5:MotorVehicles2024-06-3009921761ns5:ComputerEquipment2024-06-3009921761ns5:MotorVehicles2023-06-3009921761ns5:ComputerEquipment2023-06-3009921761ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009921761ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009921761ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3009921761ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3009921761ns5:DeferredTaxation2023-06-3009921761ns5:DeferredTaxation2023-07-012024-06-3009921761ns5:DeferredTaxation2024-06-3009921761ns10:OrdinaryShareClass12024-06-3009921761ns5:RetainedEarningsAccumulatedLosses2023-06-3009921761ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 09921761 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FSP COOL LOCKERS UK LIMITED

FSP COOL LOCKERS UK LIMITED (REGISTERED NUMBER: 09921761)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FSP COOL LOCKERS UK LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: S Hewitt





REGISTERED OFFICE: 7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN





REGISTERED NUMBER: 09921761 (England and Wales)





AUDITORS: Kingscott Dix (Cheltenham) Limited
Statutory Auditor
Chartered Accountants
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

FSP COOL LOCKERS UK LIMITED (REGISTERED NUMBER: 09921761)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,238 10,982

CURRENT ASSETS
Stocks 5 5,608 34,132
Debtors 6 425 2,309
Cash at bank and in hand 26,311 28,348
32,344 64,789
CREDITORS
Amounts falling due within one year 7 (610,587 ) (692,708 )
NET CURRENT LIABILITIES (578,243 ) (627,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(571,005

)

(616,937

)

CREDITORS
Amounts falling due after more than one
year

8

(23,293

)

(31,484

)

PROVISIONS FOR LIABILITIES 10 (1,380 ) (2,090 )
NET LIABILITIES (595,678 ) (650,511 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (595,778 ) (650,611 )
SHAREHOLDERS' FUNDS (595,678 ) (650,511 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





S Hewitt - Director


FSP COOL LOCKERS UK LIMITED (REGISTERED NUMBER: 09921761)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

FSP Cool Lockers UK 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 (£).


Going concern:
The financial statements have been prepared on a going concern basis. The group has undertaken to provide continued financial support to allow the company to meet its debts as they fall due, for a period of at least 12 months from the date of approval of the financial statements.

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.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 20% on reducing balance

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 Profit and Loss Account, 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.

FSP COOL LOCKERS UK LIMITED (REGISTERED NUMBER: 09921761)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 18,093 307 18,400
Disposals - (307 ) (307 )
At 30 June 2024 18,093 - 18,093
DEPRECIATION
At 1 July 2023 7,237 181 7,418
Charge for year 3,618 - 3,618
Eliminated on disposal - (181 ) (181 )
At 30 June 2024 10,855 - 10,855
NET BOOK VALUE
At 30 June 2024 7,238 - 7,238
At 30 June 2023 10,856 126 10,982

5. STOCKS
2024 2023
£    £   
Stocks 5,608 34,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 425 470
Other debtors - 1,839
425 2,309

FSP COOL LOCKERS UK LIMITED (REGISTERED NUMBER: 09921761)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,607 4,600
Hire purchase contracts 3,875 3,335
Trade creditors 361,507 470,862
VAT 12,059 -
Other creditors 228,539 213,911
610,587 692,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,650 27,263
Hire purchase contracts 643 4,221
23,293 31,484

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,518 7,556

Amounts owed under hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,380 2,090

Deferred
tax
£   
Balance at 1 July 2023 2,090
Provided during year (710 )
Balance at 30 June 2024 1,380

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

FSP COOL LOCKERS UK LIMITED (REGISTERED NUMBER: 09921761)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

12. RESERVES
Retained
earnings
£   

At 1 July 2023 (650,611 )
Profit for the year 54,833
At 30 June 2024 (595,778 )

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Harris FCA (Senior Statutory Auditor)
for and on behalf of Kingscott Dix (Cheltenham) Limited

14. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102, not to disclose related party transactions with wholly owned group companies.

15. ULTIMATE CONTROLLING PARTY

The immediate parent company is FSP Holdings Pty Limited, a company incorporated in Australia. The ultimate controlling party is S Hewitt.