2023-12-012024-11-302024-11-30false09892502INTERKOOL REFRIGERATION & AIR CONDITIONING 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INTERKOOL REFRIGERATION & AIR CONDITIONING LTD

Registered Number
09892502
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

INTERKOOL REFRIGERATION & AIR CONDITIONING LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

WALKER, Collin

Registered Address

28 Tynemouth Road
North Shields
NE30 4AA

Registered Number

09892502 (England and Wales)
INTERKOOL REFRIGERATION & AIR CONDITIONING LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets335,36543,828
35,36543,828
Current assets
Debtors438,39718,145
Cash at bank and on hand60,90068,551
99,29786,696
Creditors amounts falling due within one year5(84,953)(73,305)
Net current assets (liabilities)14,34413,391
Total assets less current liabilities49,70957,219
Creditors amounts falling due after one year6(19,985)(32,328)
Net assets29,72424,891
Capital and reserves
Called up share capital11
Profit and loss account29,72324,890
Shareholders' funds29,72424,891
The financial statements were approved and authorised for issue by the Director on 27 June 2025, and are signed on its behalf by:
WALKER, Collin
Director
Registered Company No. 09892502
INTERKOOL REFRIGERATION & AIR CONDITIONING LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Vehicles20
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 December 2376,24037,3196,840120,399
At 30 November 2476,24037,3196,840120,399
Depreciation and impairment
At 01 December 2342,50329,0055,06376,571
Charge for year6,7721,2474448,463
At 30 November 2449,27530,2525,50785,034
Net book value
At 30 November 2426,9657,0671,33335,365
At 30 November 2333,7378,3141,77743,828
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables35,88412,685
Other debtors2,5135,460
Total38,39718,145
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables64,66848,163
Bank borrowings and overdrafts160-
Taxation and social security19,13025,142
Other creditors995-
Total84,95373,305
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts19,98530,682
Other creditors-1,646
Total19,98532,328
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-1,646