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Registered number: 12252478
PF Refrigeration Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12252478
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 109 109
Tangible Assets 5 29,947 36,354
30,056 36,463
CURRENT ASSETS
Debtors 6 16,384 11,373
Cash at bank and in hand 6,192 22,927
22,576 34,300
Creditors: Amounts Falling Due Within One Year 7 (28,628 ) (19,602 )
NET CURRENT ASSETS (LIABILITIES) (6,052 ) 14,698
TOTAL ASSETS LESS CURRENT LIABILITIES 24,004 51,161
Creditors: Amounts Falling Due After More Than One Year 8 (7,183 ) (21,931 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,344 ) (7,002 )
NET ASSETS 10,477 22,228
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 10,467 22,218
SHAREHOLDERS' FUNDS 10,477 22,228
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Pascal Faure
Director
27/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PF Refrigeration Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12252478 . The registered office is 6 Goltho View, Goltho, Market Rasen, LN8 5AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible fixed assets (including digital assets) are included at cost and tested annually for impairment by comparing the recoverable amount against the carrying amount due to their deemed indefinite life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 109
As at 31 March 2025 109
Net Book Value
As at 31 March 2025 109
As at 1 April 2024 109
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 4,829 34,325 469 7,010 46,633
Additions 1,919 - - 1,495 3,414
As at 31 March 2025 6,748 34,325 469 8,505 50,047
Depreciation
As at 1 April 2024 1,080 7,151 143 1,905 10,279
Provided during the period 1,421 6,793 81 1,526 9,821
As at 31 March 2025 2,501 13,944 224 3,431 20,100
Net Book Value
As at 31 March 2025 4,247 20,381 245 5,074 29,947
As at 1 April 2024 3,749 27,174 326 5,105 36,354
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,072 11,230
Other debtors 1,312 143
16,384 11,373
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,748 6,748
Trade creditors 461 837
Other creditors 2,229 1,918
Taxation and social security 19,190 10,099
28,628 19,602
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,183 21,931
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,748 6,748
Later than one year and not later than five years 7,183 21,931
13,931 28,679
13,931 28,679
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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