Registration number: 04491324

Refrigeration Lindum Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Unaudited Financial Statements	3 to 7

Refrigeration Lindum Limited

(Registration number: 04491324)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	32,062	12,101
Current assets
Stocks	5	10,000	11,374
Debtors	6	140,499	80,112
Cash at bank and in hand		51,659	170,111
		202,158	261,597
Creditors: Amounts falling due within one year	7	(195,020)	(138,972)
Net current assets		7,138	122,625
Total assets less current liabilities		39,200	134,726
Provisions for liabilities		(1,282)	(2,299)
Net assets		37,918	132,427
Capital and reserves
Called up share capital	8	100	100
Retained earnings		37,818	132,327
Shareholders' funds		37,918	132,427

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 April 2025 and signed on its behalf by:
 

......................................... D Sampson Director

......................................... P Sampson Director

Refrigeration Lindum Limited

Statement of Changes in Equity for the Year Ended 30 November 2024

	Share capital £	Retained earnings £	Total £
At 1 December 2023	100	132,327	132,427
Loss for the year	-	(42,009)	(42,009)
Dividends	-	(52,500)	(52,500)
At 30 November 2024	100	37,818	37,918

	Share capital £	Retained earnings £	Total £
At 1 December 2022	100	152,097	152,197
Profit for the year	-	32,730	32,730
Dividends	-	(52,500)	(52,500)
At 30 November 2023	100	132,327	132,427

Refrigeration Lindum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
King Edward Street
Grimsby
N E Lincolnshire
DN31 3JP

These financial statements were authorised for issue by the Board on 7 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Refrigeration Lindum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	20% straight line
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Refrigeration Lindum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 8 (2023 - 8).

Refrigeration Lindum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2023	15,041	59,068	74,109
Additions	1,227	29,702	30,929
Disposals	-	(14,548)	(14,548)
At 30 November 2024	16,268	74,222	90,490
Depreciation
At 1 December 2023	14,023	47,985	62,008
Charge for the year	298	9,244	9,542
Eliminated on disposal	-	(13,122)	(13,122)
At 30 November 2024	14,321	44,107	58,428
Carrying amount
At 30 November 2024	1,947	30,115	32,062
At 30 November 2023	1,018	11,083	12,101

5

Stocks

	2024 £	2023 £
Raw materials and consumables	10,000	10,000
Work in progress	-	1,374
	10,000	11,374

6

Debtors

Current	2024 £	2023 £
Trade debtors	125,802	75,312
Prepayments	6,177	4,800
Other debtors	8,520	-
	140,499	80,112

Refrigeration Lindum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	43,268	44,880
Taxation and social security	34,458	40,207
Accruals and deferred income	59,703	14,202
Other creditors	57,591	39,683
	195,020	138,972

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9

Dividends

		2024		2023
		£		£
Interim dividend of £525.00 (2023 - £525.00) per ordinary share		52,500		52,500