1 January 2024 false No description of principal activity Taxfiler 2024.6 SC488649business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC4886492023-12-31 SC4886492024-01-012024-12-31 SC488649business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 SC488649business:FilletedAccounts2024-01-012024-12-31 SC4886492024-12-31 SC4886492023-12-31 SC488649core:WithinOneYear2024-12-31 SC488649core:WithinOneYear2023-12-31 SC488649core:AfterOneYear2024-12-31 SC488649core:AfterOneYear2023-12-31 SC488649core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC488649core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC488649core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC488649core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC488649core:PreviouslyStatedAmount2024-12-31 SC488649core:PreviouslyStatedAmount2023-12-31 SC488649business:SmallEntities2024-01-012024-12-31 SC488649business:Director12024-01-012024-12-31 SC488649countries:Scotland2024-01-012024-12-31 SC488649business:RegisteredOffice2024-01-012024-12-31 SC488649core:PlantMachinery2024-01-012024-12-31 SC488649core:MotorVehicles2024-01-012024-12-31 SC488649core:ComputerEquipment2024-01-012024-12-31 SC488649core:PlantMachinery2023-12-31 SC488649core:MotorVehicles2023-12-31 SC488649core:ComputerEquipment2023-12-31 SC488649core:PlantMachinery2024-12-31 SC488649core:MotorVehicles2024-12-31 SC488649core:ComputerEquipment2024-12-31 SC4886492023-01-012023-12-31 iso4217:GBP xbrli:pure
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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
154,137 
104,429 
Current assets
Inventories
598,675 
710,301 
Debtors
604,750 
644,272 
Cash at bank and in hand
4,253,904 
3,912,875 
5,457,329 
5,267,448 
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 
Capital and reserves
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
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SUBCOLD LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2024
47,980 
99,564 
6,593 
154,137 
At 31 December 2023
44,430 
53,237 
6,762 
104,429 
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SUBCOLD LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
604,750 
644,272 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
264,179 
350,822 
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 
Accruals
3,000 
71,137 
611,888 
835,293 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
77,561 
- 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
- 4 -