Company Registration No. SC488649 (Scotland)
SUBCOLD LTD
Unaudited accounts
for the year ended 31 December 2024
SUBCOLD LTD
Statement of financial position
as at 31 December 2024
Tangible assets
154,137
104,429
Inventories
598,675
710,301
Cash at bank and in hand
4,253,904
3,912,875
Creditors: amounts falling due within one year
(611,888)
(835,293)
Net current assets
4,845,441
4,432,155
Total assets less current liabilities
4,999,578
4,536,584
Creditors: amounts falling due after more than one year
(77,561)
-
Net assets
4,922,017
4,536,584
Called up share capital
1
1
Profit and loss account
4,922,016
4,536,583
Shareholders' funds
4,922,017
4,536,584
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by
Daniel McLean
Director
Company Registration No. SC488649
SUBCOLD LTD
Notes to the Accounts
for the year ended 31 December 2024
SUBCOLD LTD is a private company, limited by shares, registered in Scotland, registration number SC488649. The registered office is 28/2 Firth Road, Houstoun Industrial Estate , Livingston, EH54 5DJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 20% on reducing balance.
Motor vehicles
- 20% on reducing balance.
Computer equipment
- 20% on reducing balance.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
63,815
112,908
10,459
187,182
Additions
17,647
76,406
1,536
95,589
Disposals
(18,500)
-
(327)
(18,827)
At 31 December 2024
62,962
189,314
11,668
263,944
At 1 January 2024
19,385
59,671
3,697
82,753
Charge for the year
14,015
30,079
1,378
45,472
On disposals
(18,418)
-
-
(18,418)
At 31 December 2024
14,982
89,750
5,075
109,807
At 31 December 2024
47,980
99,564
6,593
154,137
At 31 December 2023
44,430
53,237
6,762
104,429
SUBCOLD LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
571,463
578,389
Accrued income and prepayments
30,203
18,025
Other debtors
3,084
47,858
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
231,666
99,173
Taxes and social security
152,745
188,217
Proposed dividends
(100,000)
-
Other creditors
60,504
125,559
Loans from directors
(206)
385
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).