Radcool Limited - Filleted accounts

Radcool Limited
Registered number:		03617026
Balance Sheet
as at 31 July 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,958			2,626

Current assets
Stocks		20,281			20,281
Debtors	4	44,119			44,119
		64,400			64,400

Creditors: amounts falling due within one year	5	(33,486)			(28,013)

Net current assets			30,914			36,387

Total assets less current liabilities			32,872			39,013

Creditors: amounts falling due after more than one year	6		(7,948)			(8,848)



Net assets			24,924			30,165

Capital and reserves
Called up share capital			2			2
Profit and loss account			24,922			30,163

Shareholders' funds			24,924			30,165

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D.Ricketts
Director
Approved by the board on 2 April 2025

Radcool Limited
Notes to the Accounts
for the year ended 31 July 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2023	78,877		10,861		89,738
	At 31 July 2024	78,877		10,861		89,738

	Depreciation
	At 1 August 2023	76,302		10,810		87,112
	Charge for the year	654		14		668
	At 31 July 2024	76,956		10,824		87,780

	Net book value
	At 31 July 2024	1,921		37		1,958
	At 31 July 2023	2,575		51		2,626



4	Debtors			2024		2023
£					£

	Trade debtors			4,175		4,175
	Other debtors			39,944		39,944
				44,119		44,119


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			4,899		5,898
	Trade creditors			3,760		3,760
	Other creditors			24,827		18,355
				33,486		28,013


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			7,948		8,848


7	Other information

	Radcool Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4
	Winch Wen Industrial Estate
	Llansamlet
	Swansea
	SA1 7DA