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REGISTERED NUMBER: 06369881 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A.C. FLYNN REFRIGERATION LTD

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


A.C. FLYNN REFRIGERATION LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Mr A Flynn
Mrs C E Flynn





SECRETARY: Mrs C E Flynn





REGISTERED OFFICE: Unit 7 West Float Industrial Estate
Millbrook Road
Birkenhead
Merseyside
CH41 1FL





REGISTERED NUMBER: 06369881 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 January 2024 to the date of this report.

The directors shown below were in office at 31 December 2024 but did not hold any interest in the Ordinary shares of £1 each at 1 January 2024 or 31 December 2024.

Mr A Flynn
Mrs C E Flynn

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr A Flynn - Director


18 June 2025

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 69,179 39,265

CURRENT ASSETS
Stocks 5 270,919 266,141
Debtors 6 209,645 349,890
Cash at bank and in hand 223,891 261,719
704,455 877,750
CREDITORS
Amounts falling due within one year 7 (325,973 ) (510,008 )
NET CURRENT ASSETS 378,482 367,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,661

407,007

CREDITORS
Amounts falling due after more than one
year

8

(51,776

)

(30,482

)

PROVISIONS FOR LIABILITIES (17,295 ) (9,816 )
NET ASSETS 378,590 366,709

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 378,588 366,707
SHAREHOLDERS' FUNDS 378,590 366,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

BALANCE SHEET - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




Mr A Flynn - Director



Mrs C E Flynn - Director


A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

A.C. Flynn Refrigeration Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 4,043 32,160 33,491 69,694
Additions - 583 83,025 83,608
Disposals - - (42,025 ) (42,025 )
At 31 December 2024 4,043 32,743 74,491 111,277
DEPRECIATION
At 1 January 2024 4,042 17,491 8,896 30,429
Charge for year - 3,812 7,857 11,669
At 31 December 2024 4,042 21,303 16,753 42,098
NET BOOK VALUE
At 31 December 2024 1 11,440 57,738 69,179
At 31 December 2023 1 14,669 24,595 39,265

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 33,491
Additions 83,025
Disposals (42,025 )
At 31 December 2024 74,491
DEPRECIATION
At 1 January 2024 8,896
Charge for year 7,857
At 31 December 2024 16,753
NET BOOK VALUE
At 31 December 2024 57,738
At 31 December 2023 24,595

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 270,919 266,141

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 164,139 281,382
Other debtors 45,506 68,508
209,645 349,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 8,629 6,936
Hire purchase contracts (see note 9) 12,843 6,271
Trade creditors 163,424 234,347
Amounts owed to group undertakings 91,888 160,000
Taxation and social security 47,287 97,696
Other creditors 1,902 4,758
325,973 510,008

A.C. FLYNN REFRIGERATION LTD (REGISTERED NUMBER: 06369881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 3,795 10,111
Hire purchase contracts (see note 9) 47,981 20,371
51,776 30,482

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 12,843 6,271
Between one and five years 47,981 20,371
60,824 26,642

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 8,375 31,934
Between one and five years - 3,347
8,375 35,281

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 60,824 26,642

The debt factoring liability is secured by way of a fixed and floating charge over the assets of the Company.

Hire purchase contracts are secured on the assets to which they relate.

11. ULTIMATE CONTROLLING PARTY

The Company was under the control of its directors throughout the year.