Silverfin false false 30/09/2024 01/10/2023 30/09/2024 C Dunmore 23/08/2006 K Dunmore 23/08/2006 18 March 2025 The principal activity of the Company during the financial year was that of refrigeration engineers and equipment rental. 05914880 2024-09-30 05914880 bus:Director1 2024-09-30 05914880 bus:Director2 2024-09-30 05914880 2023-09-30 05914880 core:CurrentFinancialInstruments 2024-09-30 05914880 core:CurrentFinancialInstruments 2023-09-30 05914880 core:Non-currentFinancialInstruments 2024-09-30 05914880 core:Non-currentFinancialInstruments 2023-09-30 05914880 core:ShareCapital 2024-09-30 05914880 core:ShareCapital 2023-09-30 05914880 core:RetainedEarningsAccumulatedLosses 2024-09-30 05914880 core:RetainedEarningsAccumulatedLosses 2023-09-30 05914880 core:Goodwill 2023-09-30 05914880 core:Goodwill 2024-09-30 05914880 core:LandBuildings 2023-09-30 05914880 core:PlantMachinery 2023-09-30 05914880 core:Vehicles 2023-09-30 05914880 core:LandBuildings 2024-09-30 05914880 core:PlantMachinery 2024-09-30 05914880 core:Vehicles 2024-09-30 05914880 bus:OrdinaryShareClass1 2024-09-30 05914880 2023-10-01 2024-09-30 05914880 bus:FilletedAccounts 2023-10-01 2024-09-30 05914880 bus:SmallEntities 2023-10-01 2024-09-30 05914880 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05914880 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05914880 bus:Director1 2023-10-01 2024-09-30 05914880 bus:Director2 2023-10-01 2024-09-30 05914880 core:Goodwill core:TopRangeValue 2023-10-01 2024-09-30 05914880 core:Goodwill 2023-10-01 2024-09-30 05914880 core:PlantMachinery 2023-10-01 2024-09-30 05914880 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 05914880 core:Vehicles 2023-10-01 2024-09-30 05914880 2022-10-01 2023-09-30 05914880 core:LandBuildings 2023-10-01 2024-09-30 05914880 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05914880 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05914880 (England and Wales)

K DUNMORE REFRIGERATION LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

K DUNMORE REFRIGERATION LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

K DUNMORE REFRIGERATION LIMITED

BALANCE SHEET

As at 30 September 2024
K DUNMORE REFRIGERATION LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 251,446 244,984
251,446 244,984
Current assets
Stocks 5 91,240 74,004
Debtors 6 121,577 145,441
Cash at bank and in hand 54,366 62,477
267,183 281,922
Creditors: amounts falling due within one year 7 ( 230,843) ( 239,914)
Net current assets 36,340 42,008
Total assets less current liabilities 287,786 286,992
Creditors: amounts falling due after more than one year 8 ( 123,077) ( 126,663)
Provision for liabilities ( 26,530) ( 25,302)
Net assets 138,179 135,027
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 138,177 135,025
Total shareholders' funds 138,179 135,027

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of K Dunmore Refrigeration Limited (registered number: 05914880) were approved and authorised for issue by the Board of Directors on 18 March 2025. They were signed on its behalf by:

C Dunmore
Director
K DUNMORE REFRIGERATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
K DUNMORE REFRIGERATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

K Dunmore Refrigeration Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls road, Truro, United Kingdom. The principal place of business is Unit 1, Victoria Business Park, Roche, Cornwall, PL26 8LG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services relating to refrigeration engineering and equipment rental. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 - 25 % reducing balance
3 years straight line
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 85,000 85,000
At 30 September 2024 85,000 85,000
Accumulated amortisation
At 01 October 2023 85,000 85,000
At 30 September 2024 85,000 85,000
Net book value
At 30 September 2024 0 0
At 30 September 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 October 2023 102,510 218,576 70,989 392,075
Additions 0 28,664 9,995 38,659
Disposals 0 0 ( 5,000) ( 5,000)
At 30 September 2024 102,510 247,240 75,984 425,734
Accumulated depreciation
At 01 October 2023 0 113,552 33,539 147,091
Charge for the financial year 0 20,211 10,052 30,263
Disposals 0 0 ( 3,066) ( 3,066)
At 30 September 2024 0 133,763 40,525 174,288
Net book value
At 30 September 2024 102,510 113,477 35,459 251,446
At 30 September 2023 102,510 105,024 37,450 244,984

5. Stocks

2024 2023
£ £
Stocks 61,958 59,124
Work in progress 29,282 14,880
91,240 74,004

6. Debtors

2024 2023
£ £
Trade debtors 101,517 95,201
Other debtors 20,060 50,240
121,577 145,441

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,323 3,453
Trade creditors 18,124 35,266
Taxation and social security 27,871 21,053
Obligations under finance leases and hire purchase contracts 0 2,719
Other creditors 180,525 177,423
230,843 239,914

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 23,077 26,663
Other creditors 100,000 100,000
123,077 126,663

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2