Registered number
11505709
Comfort Cooling Solutions (North East) Ltd
Filleted Accounts
31 August 2024
Comfort Cooling Solutions (North East) Ltd
Registered number: 11505709
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 67,152 28,418
Current assets
Stocks 117,000 117,000
Debtors 4 113,864 186,672
Cash at bank and in hand 28,061 34,047
258,925 337,719
Creditors: amounts falling due within one year 5 (183,737) (257,324)
Net current assets 75,188 80,395
Total assets less current liabilities 142,340 108,813
Creditors: amounts falling due after more than one year 6 (77,787) (31,851)
Net assets 64,553 76,962
Capital and reserves
Called up share capital 2 2
Profit and loss account 64,551 76,960
Shareholders' funds 64,553 76,962
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Jeffrey
Director
Approved by the board on 21 May 2025
Comfort Cooling Solutions (North East) Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 28,294 17,999 46,293
Additions - 59,990 59,990
At 31 August 2024 28,294 77,989 106,283
Depreciation
At 1 September 2023 5,659 12,216 17,875
Charge for the year 5,659 15,597 21,256
At 31 August 2024 11,318 27,813 39,131
Net book value
At 31 August 2024 16,976 50,176 67,152
At 31 August 2023 22,635 5,783 28,418
4 Debtors 2024 2023
£ £
Trade debtors 50,001 100,001
Other debtors 63,863 86,671
113,864 186,672
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,160 11,160
Obligations under finance lease and hire purchase contracts 11,883 4,518
Trade creditors - 1,822
Taxation and social security costs 144,056 218,586
Other creditors 16,638 21,238
183,737 257,324
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,743 28,437
Obligations under finance lease and hire purchase contracts 36,044 3,414
Other creditors 20,000 -
77,787 31,851
7 Other information
Comfort Cooling Solutions (North East) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
381g Jedburgh Court
Gateshead
Tyne & Wear
NE11 0BQ
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