Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false9true2024-01-01falseThe principal activity of the company during the year continued to be the sale of coldrooms.9false 03194163 2024-01-01 2024-12-31 03194163 2023-01-01 2023-12-31 03194163 2024-12-31 03194163 2023-12-31 03194163 c:Director2 2024-01-01 2024-12-31 03194163 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 03194163 d:Buildings d:ShortLeaseholdAssets 2024-12-31 03194163 d:Buildings d:ShortLeaseholdAssets 2023-12-31 03194163 d:PlantMachinery 2024-01-01 2024-12-31 03194163 d:PlantMachinery 2024-12-31 03194163 d:PlantMachinery 2023-12-31 03194163 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03194163 d:MotorVehicles 2024-01-01 2024-12-31 03194163 d:MotorVehicles 2024-12-31 03194163 d:MotorVehicles 2023-12-31 03194163 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03194163 d:FurnitureFittings 2024-01-01 2024-12-31 03194163 d:FurnitureFittings 2024-12-31 03194163 d:FurnitureFittings 2023-12-31 03194163 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03194163 d:OfficeEquipment 2024-01-01 2024-12-31 03194163 d:OfficeEquipment 2024-12-31 03194163 d:OfficeEquipment 2023-12-31 03194163 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03194163 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03194163 d:CurrentFinancialInstruments 2024-12-31 03194163 d:CurrentFinancialInstruments 2023-12-31 03194163 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03194163 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03194163 d:ShareCapital 2024-12-31 03194163 d:ShareCapital 2023-12-31 03194163 d:RetainedEarningsAccumulatedLosses 2024-12-31 03194163 d:RetainedEarningsAccumulatedLosses 2023-12-31 03194163 c:FRS102 2024-01-01 2024-12-31 03194163 c:Audited 2024-01-01 2024-12-31 03194163 c:FullAccounts 2024-01-01 2024-12-31 03194163 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03194163 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03194163 2 2024-01-01 2024-12-31 03194163 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03194163










CELLTHERM COLDROOMS LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CELLTHERM COLDROOMS LIMITED
REGISTERED NUMBER: 03194163

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,198
43,898

  
48,198
43,898

Current assets
  

Stocks
  
231,305
247,143

Debtors: amounts falling due within one year
 5 
624,025
725,075

Cash at bank and in hand
  
141,038
47,102

  
996,368
1,019,320

Creditors: amounts falling due within one year
 6 
(557,661)
(620,743)

Net current assets
  
 
 
438,707
 
 
398,577

Total assets less current liabilities
  
486,905
442,475

  

Net assets
  
486,905
442,475


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
486,903
442,473

  
486,905
442,475

Page 1

 
CELLTHERM COLDROOMS LIMITED
REGISTERED NUMBER: 03194163
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 Profit and Loss Account 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: 




................................................
Mr H Bialdiga
Director

Date: 31 March 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The entity is a private company limited by shares, which is incorporated in England and Wales, registered number 03194163. The registered office is Unit 4, Acan Way, Narborough, Leicester, LE19 2GW.
The principal activity of the Company during the year continued to be the sale of coldrooms. 

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

Going concern

The directors have a reasonable expectation that the Company has adequate resources and support to continue in operational existence for the foreseeable future. The Company maintains a surplus Balance Sheet as well as sufficient levels of cash and working capital. Furthermore, the parent company has confirmed it will continue to operationally and financially support the Company for at least 12 months from approval of the financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (£).

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.

Page 3

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Profit and Loss Account on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Profit and Loss Account 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.


 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the period of the lease
Plant and machinery
-
15% straight-line per annum
Motor vehicles
-
33.33% straight-line per annum
Fixtures and fittings
-
15% straight-line per annum
Office equipment
-
15% straight-line per annum

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 the Profit and Loss Account.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss Account.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price less transactions costs and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
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 the Profit and Loss Account.
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 best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.

Page 6

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2024
4,764
15,046
88,665
13,013
24,499
145,987


Additions
-
-
32,500
-
3,029
35,529


Disposals
-
-
(25,000)
-
(5,240)
(30,240)



At 31 December 2024

4,764
15,046
96,165
13,013
22,288
151,276



Depreciation


At 1 January 2024
827
14,233
53,518
13,013
20,498
102,089


Charge for the year
397
363
28,931
-
1,538
31,229


Disposals
-
-
(25,000)
-
(5,240)
(30,240)



At 31 December 2024

1,224
14,596
57,449
13,013
16,796
103,078



Net book value



At 31 December 2024
3,540
450
38,716
-
5,492
48,198



At 31 December 2023
3,937
813
35,147
-
4,001
43,898

Page 7

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
532,246
643,357

Other debtors
40,657
33,852

Prepayments and accrued income
51,122
47,866

624,025
725,075



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
164,872
226,858

Amounts owed to group undertakings
267,876
243,362

Corporation tax
17,417
6,000

Other taxation and social security
31,684
87,582

Other creditors
12,029
21,387

Accruals and deferred income
63,783
35,554

557,661
620,743



7.Other financial commitments

At the balance sheet date, the total amount of commitments, guarantees and contingencies was £576,000 (2023 - £640,000). This amount relates to premises lease commitments for the period to November 2033. 

Page 8

 
CELLTHERM COLDROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


CIS tax

During the year ended 31 December 2023 the Company incurred additional expenditure outside the normal course of business in relation to historic CIS tax including penalties and interest, as well as professional fees in relation to the CIS tax. There was no equivalent expenditure during the year ended 31 December 2024. The additional expenditure incurred is as follows:

2024
2023
£
£



CIS tax including penalties and interest
-
49,779

Professional fees directly related to the above
-
14,484

-
64,263


9.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 1AC.35 not to disclose transactions with other members of the Group that are wholly owned.
There were no other transactions which required disclosure in these financial statements.


10.


Controlling party

The immediate parent company is Celltherm Isolierung GmbH, a company incorporated in Germany. The registered office and principal place of business is Am Buddenbrook 78, 48599 Gronau (Westfalen), Germany.
The parent company preparing consolidated financial statements for the smallest and largest group of which the Company is a member is KühlzellenGut Verwaltungs GmbH. Group accounts can be obtained from Am Buddenbrook 78, 48599 Gronau (Westfalen), Germany.
The director does not consider there to be an ultimate controlling party.

11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 31 March 2025 by Liam Hammond FCA (Senior Statutory Auditor) on behalf of MHA.

MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313).

 
Page 9