1 November 2023 v2025.14.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP009185992023-11-012024-10-31009185992024-10-3100918599bus:Director12023-11-012024-10-3100918599bus:Director22023-11-012024-10-3100918599bus:CompanySecretary12023-11-012024-10-3100918599bus:RegisteredOffice2023-11-012024-10-31009185992022-11-012023-10-3100918599core:RetainedEarningsAccumulatedLosses2023-11-0100918599core:RetainedEarningsAccumulatedLosses2022-11-0100918599core:RetainedEarningsAccumulatedLosses2023-11-012024-10-3100918599core:RetainedEarningsAccumulatedLosses2022-11-012023-10-3100918599core:RetainedEarningsAccumulatedLosses2024-10-3100918599core:RetainedEarningsAccumulatedLosses2023-10-31009185992023-10-3100918599core:WithinOneYear2024-10-3100918599core:WithinOneYear2023-10-3100918599core:AfterOneYear2024-10-3100918599core:AfterOneYear2023-10-3100918599core:ShareCapital2024-10-3100918599core:ShareCapital2023-10-3100918599core:OtherReservesSubtotal2024-10-3100918599core:OtherReservesSubtotal2023-10-3100918599core:PlantMachinery2023-11-012024-10-3100918599core:FurnitureFittings2023-11-012024-10-3100918599core:MotorVehicles2023-11-012024-10-3100918599core:OfficeEquipment2023-11-012024-10-3100918599core:PlantMachinery2023-11-0100918599core:PlantMachinery2024-10-3100918599core:PlantMachinery2023-10-3100918599core:BetweenOneFiveYears2023-10-310091859912023-11-012024-10-3100918599countries:EnglandWales2023-11-012024-10-3100918599bus:AuditExemptWithAccountantsReport2023-11-012024-10-3100918599bus:PrivateLimitedCompanyLtd2023-11-012024-10-3100918599bus:SmallEntities2023-11-012024-10-3100918599bus:FullAccounts2023-11-012024-10-31
Company registration number:
00918599
Capital Refrigeration Services Limited
Unaudited Financial Statements for the year ended
31 October 2024
Capital Refrigeration Services Limited
Officers and Professional Advisers
Year ended
31 October 2024
Directors
Mr Alan Hayes
Mr Jonathan Hayes
Company secretary
Mr John Hayes
Registered office
Unit 45, Hoddesdon Industrial Centre
Pindar Road
Hoddesdon
Herts
EN11 0FF
United Kingdom
Accountant
Julie Cowen
Chartered Accountant
1 Holders Meadows
Holders Green, Lindsell
Dunmow
Essex
CM6 3QQ
United Kingdom
Capital Refrigeration Services Limited
Directors' Report
Year ended
31 October 2024
The directors present their report and the unaudited
financial statements
of the company for the year ended 31 October 2024.

Directors

The directors who served the company during the year were as follows:
Mr Alan Hayes
Mr Jonathan Hayes

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
6 March 2025
and signed on behalf of the board by:
Mr Alan Hayes
Director
Capital Refrigeration Services Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Capital Refrigeration Services Limited
Year ended
31 October 2024
As described on the statement of financial position, the Board of Directors of
Capital Refrigeration Services Limited
are responsible for the preparation of the
financial statements
for the year ended
31 October 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Julie Cowen
Chartered Accountant
1 Holders Meadows
Holders Green, Lindsell
Dunmow
Essex
CM6 3QQ
United Kingdom
Date:
6 March 2025
Capital Refrigeration Services Limited
Income Statement
Year ended
31 October 2024
20242023
££
Turnover
1,669,459
 
887,913
 
Cost of sales
(1,160,916
) (643,450 )
Gross profit
508,543
 
244,463
 
Distribution costs
(10,210
)
(7,260
)
Administrative expenses
(336,460
)
(289,187
)
Operating profit/(loss)
161,873
 
(51,984
)
Other interest receivable and similar income
1,434
 
324
 
Interest payable and similar expenses
(1,721
)
(1,452
)
Profit/(loss) before tax
161,586
 
(53,112
)
Tax on profit/(loss)
(31,362
)
9,781
 
Profit/(loss) for the financial year
130,224
 
(43,331
)
The company has no other recognised items of income or expense other than the results for the year as set out above.
Capital Refrigeration Services Limited
Statement of Income and Retained Earnings
Year ended
31 October 2024
20242023
££
Retained earnings at the start of the year
(9,286
)
42,045
 
Profit/(loss) for the financial year
130,224
 
(43,331
)
Dividends declared and paid or payable during the year
(4,000
)
(8,000
)
Retained earnings at the end of the year
116,938
 
(9,286
)
Capital Refrigeration Services Limited
Statement of Financial Position
31 October 2024
20242023
Note££
Fixed assets    
Tangible assets 5
12,419
 
12,269
 
Current assets    
Stocks
346,492
 
237,668
 
Debtors 6
253,522
 
139,187
 
Cash at bank and in hand
79,048
 
72,726
 
679,062
 
449,581
 
Creditors: amounts falling due within one year 7
(257,189
)
(184,872
)
Net current assets
421,873
 
264,709
 
Total assets less current liabilities 434,292   276,978  
Creditors: amounts falling due after more than one year 8
(18,400
)
(18,400
)
Provisions for liabilities
43,112
 
74,202
 
Net assets
459,004
 
332,780
 
Capital and reserves    
Called up share capital
400
 
400
 
Other reserves
341,666
 
341,666
 
Profit and loss account
116,938
 
(9,286
)
Shareholders funds
459,004
 
332,780
 
For the year ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
6 March 2025
, and are signed on behalf of the board by:
Mr Alan Hayes
Director
Company registration number:
00918599
Capital Refrigeration Services Limited
Notes to the Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 45, Hoddesdon Industrial Centre
,
Pindar Road
,
Hoddesdon
,
Herts
,
EN11 0FF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing balance
Fixtures and fittings
10% Reducing balance
Motor vehicles
25% Reducing balance
Office equipment
3 years straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
7.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2023
155,933
 
Additions
2,793
 
At
31 October 2024
158,726
 
Depreciation  
At
1 November 2023
143,664
 
Charge
2,643
 
At
31 October 2024
146,307
 
Carrying amount  
At
31 October 2024
12,419
 
At 31 October 2023
12,269
 

6 Debtors

20242023
££
Trade debtors
235,375
 
118,024
 
Other debtors
18,147
 
21,163
 
253,522
 
139,187
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
202,054
 
140,489
 
Taxation and social security
32,960
 
22,380
 
Other creditors
22,175
 
22,003
 
257,189
 
184,872
 

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
18,400
 
18,400
 

9 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
21,066
 
0.00
 
Later than 1 year and not later than 5 years- 
21,066
 
21,066
 
21,066