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KEEP IT COOL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEEP IT COOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mrs N J Hicks





REGISTERED OFFICE: 6 Studley Close
East Morton
Keighley
BD20 5TW





REGISTERED NUMBER: 09048529 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Suite 1.07
International Dev. Centre
Valley Road
Ilkley
West Yorkshire
LS29 8AL

KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 916,306 1,021,588
916,306 1,021,588

CURRENT ASSETS
Debtors 6 397,477 351,230
Cash at bank and in hand 367,121 262,209
764,598 613,439
CREDITORS
Amounts falling due within one year 7 416,750 366,333
NET CURRENT ASSETS 347,848 247,106
TOTAL ASSETS LESS CURRENT LIABILITIES 1,264,154 1,268,694

CREDITORS
Amounts falling due after more than one
year

8

(473,094

)

(575,147

)

PROVISIONS FOR LIABILITIES 10 (166,537 ) (128,676 )
NET ASSETS 624,523 564,871

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 624,423 564,771
SHAREHOLDERS' FUNDS 624,523 564,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





Mrs N J Hicks - Director


KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Keep It Cool 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 60,000
AMORTISATION
At 1 July 2023
and 30 June 2024 60,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023 42,602 1,538,035 1,580,637
Additions 770 216,117 216,887
Disposals - (164,557 ) (164,557 )
At 30 June 2024 43,372 1,589,595 1,632,967
DEPRECIATION
At 1 July 2023 24,577 534,472 559,049
Charge for year 12,636 282,990 295,626
Eliminated on disposal - (138,014 ) (138,014 )
At 30 June 2024 37,213 679,448 716,661
NET BOOK VALUE
At 30 June 2024 6,159 910,147 916,306
At 30 June 2023 18,025 1,003,563 1,021,588

KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 258,829 242,060
Other debtors 26,572 13,020
Directors' current accounts 88,647 78,749
Prepayments 23,429 17,401
397,477 351,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,247 9,994
Hire purchase contracts (see note 9) 280,255 257,630
Trade creditors 45,906 32,520
Social security and other taxes 15,067 17,819
VAT 27,095 19,002
Other creditors 25,930 15,368
Accrued expenses 12,250 14,000
416,750 366,333

The Directors Loan Account(s) are interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,509 10,247
Bank loans - 2-5 years - 10,507
Hire purchase contracts (see note 9) 462,585 554,393
473,094 575,147

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 280,255 257,630
Between one and five years 462,585 554,393
742,840 812,023

KEEP IT COOL LIMITED (REGISTERED NUMBER: 09048529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year - 8,405

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 166,537 128,676

Deferred
tax
£   
Balance at 1 July 2023 128,676
Accelerated capital allowances 37,861
Losses carried forward
Balance at 30 June 2024 166,537

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1.00 100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs N J Hicks.