Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseMarketing of cryogenic protective workwear.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05268872 2024-01-01 2024-12-31 05268872 2023-01-01 2023-12-31 05268872 2024-12-31 05268872 2023-12-31 05268872 c:Director2 2024-01-01 2024-12-31 05268872 d:OfficeEquipment 2024-01-01 2024-12-31 05268872 d:OfficeEquipment 2024-12-31 05268872 d:OfficeEquipment 2023-12-31 05268872 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05268872 d:CurrentFinancialInstruments 2024-12-31 05268872 d:CurrentFinancialInstruments 2023-12-31 05268872 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05268872 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05268872 d:ShareCapital 2024-12-31 05268872 d:ShareCapital 2023-12-31 05268872 d:RetainedEarningsAccumulatedLosses 2024-12-31 05268872 d:RetainedEarningsAccumulatedLosses 2023-12-31 05268872 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05268872 c:OrdinaryShareClass1 2024-12-31 05268872 c:OrdinaryShareClass1 2023-12-31 05268872 c:FRS102 2024-01-01 2024-12-31 05268872 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05268872 c:FullAccounts 2024-01-01 2024-12-31 05268872 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05268872 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05268872










CRYOGENIC WORKWEAR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CRYOGENIC WORKWEAR LIMITED
REGISTERED NUMBER: 05268872

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
370
494

  
370
494

Current assets
  

Stocks
 5 
9,066
10,346

Debtors: amounts falling due within one year
 6 
4,546
12,653

Cash at bank and in hand
 7 
58,337
62,889

  
71,949
85,888

Creditors: amounts falling due within one year
 8 
(18,874)
(14,631)

Net current assets
  
 
 
53,075
 
 
71,257

Total assets less current liabilities
  
53,445
71,751

Provisions for liabilities
  

Other provisions
  
(92)
(123)

  
 
 
(92)
 
 
(123)

Net assets
  
53,353
71,628


Capital and reserves
  

Called up share capital 
 9 
5
5

Profit and loss account
  
53,348
71,623

  
53,353
71,628


Page 1

 
CRYOGENIC WORKWEAR LIMITED
REGISTERED NUMBER: 05268872
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs N Kempster
Director

Date: 10 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CRYOGENIC WORKWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Cryogenic Workwear Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Pinnacle, Building A, 150-170 Midsummer Boulevard, Milton Keynes, MK9 1FD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CRYOGENIC WORKWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CRYOGENIC WORKWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.6

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

 
2.7

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
CRYOGENIC WORKWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
1,627



At 31 December 2024

1,627



Depreciation


At 1 January 2024
1,133


Charge for the year on owned assets
124



At 31 December 2024

1,257



Net book value



At 31 December 2024
370



At 31 December 2023
494


5.


Stocks

2024
2023
£
£

Stock
9,066
10,346



6.


Debtors

2024
2023
£
£


Trade debtors
4,091
12,012

Other debtors
455
641

4,546
12,653


Page 6

 
CRYOGENIC WORKWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
58,337
62,889



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
427
2,783

Other creditors
16,247
9,848

Accruals and deferred income
2,200
2,000

18,874
14,631



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5 (2023 - 5) Ordinary shares of £1 each
5
5


 
Page 7