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Registered number: 09075354

Irvine Refrigeration Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Irvine Refrigeration Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
J M Irvine
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09075354
BANKERS
Santander UK Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Irvine Refrigeration Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Irvine Refrigeration Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets27,59210,123
CURRENT ASSETS
Stock19,000-
Debtors445,35041,750
Cash at bank and in hand17,58857,713
81,93899,463
CREDITORS: Amounts falling due within one year553,99560,073
NET CURRENT ASSETS27,94339,390
TOTAL ASSETS LESS CURRENT LIABILITIES35,53549,513
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account35,53349,511
SHAREHOLDERS' FUNDS35,53549,513
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/05/2025 and signed on their behalf by
.............................
J M Irvine
Director

Irvine Refrigeration Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Irvine Refrigeration Limited

2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/07/202331,4715,37236,843
At 30/06/202431,4715,37236,843
Depreciation
At 01/07/202322,5874,13326,720
For the year2,2213102,531
At 30/06/202424,8084,44329,251
Net Book Amounts
At 30/06/20246,6639297,592
At 30/06/20238,8841,23910,123
3. STOCK 20242023
££
Stock comprises:
Work in progress19,000-
19,000-
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors45,35041,750
45,35041,750
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax409,221
VAT42,70445,711
Directors current account4,029223
Trade creditors6,0223,718
Accruals1,2001,200
53,99560,073

Irvine Refrigeration Limited

6. EMPLOYEES
20242023
No.No.
Average number of employees11
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
8. RELATED PARTY TRANSACTIONS
The director received a salary of £9,096 during the year (2023 - £9,096)
Dividends of £4,000 were paid to the director during the year (2023 - £31,000).
At the balance sheet date a loan of £4,029 was owed to the director (2023 - £223). The loan is unsecured, interest free and repayable on demand.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 09075354.
The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN.