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REGISTERED NUMBER: 05847308 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

COOL CUISINE FOODSERVICE LIMITED

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COOL CUISINE FOODSERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: S K Buckard





REGISTERED OFFICE: Unit 5
Bromag Industrial Estate
Minster Lovell
Witney
Oxfordshire
OX29 0SR





REGISTERED NUMBER: 05847308 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

STATEMENT OF FINANCIAL POSITION
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 125,276 143,113

CURRENT ASSETS
Stocks 96,867 98,973
Debtors 6 216,173 196,903
Prepayments and accrued income 63,811 35,866
Cash at bank and in hand 262,688 241,159
639,539 572,901
CREDITORS
Amounts falling due within one year 7 354,145 299,215
NET CURRENT ASSETS 285,394 273,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,670

416,799

CREDITORS
Amounts falling due after more than one
year

8

(35,407

)

(49,647

)

PROVISIONS FOR LIABILITIES (30,785 ) (26,697 )

ACCRUALS AND DEFERRED INCOME (2,966 ) (3,183 )
NET ASSETS 341,512 337,272

CAPITAL AND RESERVES
Called up share capital 4,500 4,500
Capital redemption reserve 1,125 1,125
Retained earnings 335,887 331,647
SHAREHOLDERS' FUNDS 341,512 337,272

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

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

The director acknowledges his 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.

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

STATEMENT OF FINANCIAL POSITION - continued
31ST JULY 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 director and authorised for issue on 9th April 2025 and were signed by:





S K Buckard - Director


COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Cool Cuisine Foodservice Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05847308 and the registered office address is Unit 5 Bromag Industrial Estate, Minster Lovell, Witney, Oxfordshire, OX29 0SR.

The principal activity of the company is that of food distribution.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities, accruals and impairment are its critical accounting estimates.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Motor vehicles, plant and machinery and fixtures and fittings are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on assets is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss, and included in other operating income.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

3. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 25,900 7,251 179,552 50,511 263,214
Additions - - 32,416 - 32,416
At 31st July 2024 25,900 7,251 211,968 50,511 295,630
DEPRECIATION
At 1st August 2023 11,152 2,282 88,491 18,176 120,101
Charge for year 2,212 745 30,869 16,427 50,253
At 31st July 2024 13,364 3,027 119,360 34,603 170,354
NET BOOK VALUE
At 31st July 2024 12,536 4,224 92,608 15,908 125,276
At 31st July 2023 14,748 4,969 91,061 32,335 143,113

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st August 2023 114,345
Additions 22,100
At 31st July 2024 136,445
DEPRECIATION
At 1st August 2023 34,727
Charge for year 25,429
At 31st July 2024 60,156
NET BOOK VALUE
At 31st July 2024 76,289
At 31st July 2023 79,618

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209,370 171,887
Other debtors 6,803 25,016
216,173 196,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 30,379 24,845
Trade creditors 297,153 263,389
Taxation and social security 26,613 10,981
354,145 299,215

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 35,407 49,647

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 65,786 74,492

The hire purchase liabilities are secured against the assets to which they relate.

10. OTHER FINANCIAL COMMITMENTS

The company has future operating commitments of £206,617 (2023 - £255,617).

COOL CUISINE FOODSERVICE LIMITED (REGISTERED NUMBER: 05847308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the period end £5,814 had been advanced to the director (2023 - £15,928).