Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truefalse2024-01-01falseNo description of principal activity1315trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00993748 2024-01-01 2024-12-31 00993748 2024-12-31 00993748 2023-01-01 2023-12-31 00993748 2023-12-31 00993748 c:Director1 2024-01-01 2024-12-31 00993748 d:PlantMachinery 2024-01-01 2024-12-31 00993748 d:PlantMachinery 2024-12-31 00993748 d:PlantMachinery 2023-12-31 00993748 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00993748 d:MotorVehicles 2024-01-01 2024-12-31 00993748 d:MotorVehicles 2024-12-31 00993748 d:MotorVehicles 2023-12-31 00993748 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00993748 d:FurnitureFittings 2024-01-01 2024-12-31 00993748 d:FurnitureFittings 2024-12-31 00993748 d:FurnitureFittings 2023-12-31 00993748 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00993748 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00993748 d:CurrentFinancialInstruments 2024-12-31 00993748 d:CurrentFinancialInstruments 2023-12-31 00993748 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00993748 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00993748 d:UKTax 2024-01-01 2024-12-31 00993748 d:UKTax 2023-01-01 2023-12-31 00993748 d:ShareCapital 2024-12-31 00993748 d:ShareCapital 2023-12-31 00993748 d:RetainedEarningsAccumulatedLosses 2024-12-31 00993748 d:RetainedEarningsAccumulatedLosses 2023-12-31 00993748 c:FRS102 2024-01-01 2024-12-31 00993748 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00993748 c:FullAccounts 2024-01-01 2024-12-31 00993748 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00993748 2 2024-01-01 2024-12-31 00993748 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 00993748


A.F.R.REFRIGERATION LIMITED








UNAUDITED

PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
A.F.R.REFRIGERATION LIMITED
REGISTERED NUMBER: 00993748

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
27,850
37,134

  
27,850
37,134

Current assets
  

Stocks
 7 
457,237
456,669

Debtors: amounts falling due within one year
 8 
806,939
836,900

Cash at bank and in hand
 9 
1,000,031
1,107,232

  
2,264,207
2,400,801

Creditors: amounts falling due within one year
 10 
(794,896)
(686,791)

Net current assets
  
 
 
1,469,311
 
 
1,714,010

Total assets less current liabilities
  
1,497,161
1,751,144

  

Net assets
  
1,497,161
1,751,144


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,496,161
1,750,144

  
1,497,161
1,751,144


Page 1

 
A.F.R.REFRIGERATION LIMITED
REGISTERED NUMBER: 00993748
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
R A Reginiano
Director

Date: 13 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private limited company which is registered and domiciled in the UK. The address of its principal place of business and registered office is Units 5 & 6 Delta Park, Smugglers Way, Wandsworth, London SW18 1EG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

The Company contributes into a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
15%
and 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 15).


5.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
84,335
59,476


Total current tax
84,335
59,476
Page 6

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
5.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 25%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
330,352
254,689


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)
82,588
63,672

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
3,176
1,287

Capital allowances for year in excess of depreciation
(1,429)
(1,742)

Other differences leading to an increase (decrease) in the tax charge
-
(3,741)

Total tax charge for the year
84,335
59,476


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 7

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
21,167
48,753
57,047
126,967



At 31 December 2024

21,167
48,753
57,047
126,967



Depreciation


At 1 January 2024
21,167
11,619
57,047
89,833


Charge for the year on owned assets
-
9,284
-
9,284



At 31 December 2024

21,167
20,903
57,047
99,117



Net book value



At 31 December 2024
-
27,850
-
27,850



At 31 December 2023
-
37,134
-
37,134


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
457,237
456,669

457,237
456,669


Page 8

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Debtors

2024
2023
£
£


Trade debtors
728,438
795,085

Amounts owed by group undertakings
-
127

Other debtors
531
564

Prepayments and accrued income
77,970
41,124

806,939
836,900



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,000,031
1,107,232

1,000,031
1,107,232



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
570,695
471,623

Corporation tax
84,336
59,476

Other taxation and social security
109,387
116,672

Other creditors
-
2,357

Accruals and deferred income
30,478
36,663

794,896
686,791



11.


Pension commitments

The company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the provider and amounted to £19,734 (2023 - £27,940). Contributions of £Nil (2023 - £2,357) were payable to the provider at the balance sheet date.

Page 9

 
A.F.R.REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Related party transactions

The  company  have  taken  advantage  of  the  exemption  under  FRS102  section  33  paragraph  1a  and therefore have not reported the related party transactions or balances of companies within the group.

 
Page 10