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Company Registration No. 07247993 (England and Wales)
Drycool Engineering Systems LTD Unaudited accounts for the year ended 31 May 2024
Drycool Engineering Systems LTD Unaudited accounts Contents
Page
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Drycool Engineering Systems LTD Company Information for the year ended 31 May 2024
Director
Faribourz Kariminia
Company Number
07247993 (England and Wales)
Registered Office
Unit 2 Orion Industrial Estate Wide Lane Southampton SO18 2HJ United Kingdom
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Drycool Engineering Systems LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40 
732 
Current assets
Debtors
38,135 
9,584 
Cash at bank and in hand
195,111 
62,108 
233,246 
71,692 
Creditors: amounts falling due within one year
(140,280)
(46,360)
Net current assets
92,966 
25,332 
Total assets less current liabilities
93,006 
26,064 
Creditors: amounts falling due after more than one year
(18,219)
(28,878)
Provisions for liabilities
Other provisions
(71,873)
- 
Net assets/(liabilities)
2,914 
(2,814)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,913 
(2,815)
Shareholders' funds
2,914 
(2,814)
For the year ending 31 May 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 27 February 2025 and were signed on its behalf by
Faribourz Kariminia Director Company Registration No. 07247993
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Drycool Engineering Systems LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Drycool Engineering Systems LTD is a private company, limited by shares, registered in England and Wales, registration number 07247993. The registered office is Unit 2 Orion Industrial Estate, Wide Lane, Southampton, SO18 2HJ, United Kingdom.
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:
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,469 
At 31 May 2024
3,469 
Depreciation
At 1 June 2023
2,737 
Charge for the year
692 
At 31 May 2024
3,429 
Net book value
At 31 May 2024
40 
At 31 May 2023
732 
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Drycool Engineering Systems LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,651 
7,658 
Trade debtors
1,679 
1,926 
Other debtors
26,805 
- 
38,135 
9,584 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
2,434 
Taxes and social security
8,656 
(1,191)
Loans from directors
- 
(24,883)
Accruals
1,266 
- 
Deferred income
130,358 
70,000 
140,280 
46,360 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,219 
28,878 
8
Provisions for liabilities
£ 
At 1 June 2023
- 
Additional provisions made during the period
71,873 
At 31 May 2024
71,873 
Warranty Provision
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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