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REGISTERED NUMBER: SC308005 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

Celsius Cooling Ltd

Celsius Cooling Ltd (Registered number: SC308005)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Celsius Cooling Ltd

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: Mr G Lennox
Mr D Lennox
Mr D Kidd



SECRETARY: Mr G Lennox



REGISTERED OFFICE: Unit 2c, Colvilles Park
Kelvin Industrial Estate
East Kilbride
South Lanarkshire
G75 0PZ



REGISTERED NUMBER: SC308005 (Scotland)



ACCOUNTANTS: R.A.M.
Unit 17, Colvilles Park
Kelvin Industrial Estate
East Kilbride
South Lanarkshire
G75 0GZ



BANKERS: Clydesdale Bank PLC
19 Stuart Street
Village
East Kilbride
South Lanarkshire
G74 4NF

Celsius Cooling Ltd (Registered number: SC308005)

STATEMENT OF FINANCIAL POSITION
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 423,428 389,270

CURRENT ASSETS
Stocks 24,587 79,463
Debtors 5 330,370 456,217
Cash at bank and in hand 4,493,306 3,633,622
4,848,263 4,169,302
CREDITORS
Amounts falling due within one year 6 643,427 681,103
NET CURRENT ASSETS 4,204,836 3,488,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,628,264

3,877,469

CREDITORS
Amounts falling due after more than one
year

7

(103,277

)

(160,443

)

PROVISIONS FOR LIABILITIES (56,017 ) (62,940 )
NET ASSETS 4,468,970 3,654,086

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 4,468,869 3,653,985
SHAREHOLDERS' FUNDS 4,468,970 3,654,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Celsius Cooling Ltd (Registered number: SC308005)

STATEMENT OF FINANCIAL POSITION - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr G Lennox - Director


Celsius Cooling Ltd (Registered number: SC308005)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Celsius Cooling Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 19 (2023 - 21 ) .

Celsius Cooling Ltd (Registered number: SC308005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 137,510 415,855 324,016 21,322 898,703
Additions 61,850 - 46,998 - 108,848
At 31 October 2024 199,360 415,855 371,014 21,322 1,007,551
DEPRECIATION
At 1 November 2023 - 274,954 221,008 13,471 509,433
Charge for year - 35,225 37,502 1,963 74,690
At 31 October 2024 - 310,179 258,510 15,434 584,123
NET BOOK VALUE
At 31 October 2024 199,360 105,676 112,504 5,888 423,428
At 31 October 2023 137,510 140,901 103,008 7,851 389,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 330,370 456,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 59,637 60,535
Trade creditors 119,122 203,548
Taxation and social security 449,266 354,426
Other creditors 15,402 62,594
643,427 681,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 103,277 160,443

Celsius Cooling Ltd (Registered number: SC308005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 160,420 217,586

On 9 April 2020, a Floating Charge was granted in favour of Clydesdale Bank plc over the whole of the property, assets and rights of the company.

Hire purchase contracts are secured over the assets to which they relate.

9. PENSION COMMITMENTS

The company is now operating a pension scheme for qualifying employees, in line with auto enrolment regulations and requirements.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Lennox.