IRIS Accounts Production v25.1.4.42 05819672 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058196722023-10-31058196722024-10-31058196722023-11-012024-10-31058196722022-10-31058196722022-11-012023-10-31058196722023-10-3105819672ns15:EnglandWales2023-11-012024-10-3105819672ns14:PoundSterling2023-11-012024-10-3105819672ns10:Director12023-11-012024-10-3105819672ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105819672ns10:SmallEntities2023-11-012024-10-3105819672ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105819672ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105819672ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105819672ns10:AbridgedAccounts2023-11-012024-10-3105819672ns5:CurrentFinancialInstruments2024-10-3105819672ns5:CurrentFinancialInstruments2023-10-3105819672ns5:Non-currentFinancialInstruments2024-10-3105819672ns5:Non-currentFinancialInstruments2023-10-3105819672ns5:ShareCapital2024-10-3105819672ns5:ShareCapital2023-10-3105819672ns5:SharePremium2024-10-3105819672ns5:SharePremium2023-10-3105819672ns5:CapitalRedemptionReserve2024-10-3105819672ns5:CapitalRedemptionReserve2023-10-3105819672ns5:RetainedEarningsAccumulatedLosses2024-10-3105819672ns5:RetainedEarningsAccumulatedLosses2023-10-3105819672ns10:RegisteredOffice2023-11-012024-10-3105819672ns10:Director22023-11-012024-10-3105819672ns10:Director222023-10-3105819672ns10:Director222022-10-3105819672ns10:Director222023-11-012024-10-3105819672ns10:Director222022-11-012023-10-3105819672ns10:Director222024-10-3105819672ns10:Director222023-10-31058196721ns10:Director12023-10-31058196721ns10:Director12022-10-31058196721ns10:Director12023-11-012024-10-31058196721ns10:Director12022-11-012023-10-31058196721ns10:Director12024-10-31058196721ns10:Director12023-10-31











Galxc Cooling Services Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Galxc Cooling Services Limited (Registered number: 05819672)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Galxc Cooling Services Limited (Registered number: 05819672)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444,397 462,284
Investments 5 90 90
444,487 462,374

CURRENT ASSETS
Stocks 123,449 139,703
Debtors 712,992 754,110
Cash at bank and in hand 382,761 842,782
1,219,202 1,736,595
CREDITORS
Amounts falling due within one year 1,251,722 1,605,839
NET CURRENT (LIABILITIES)/ASSETS (32,520 ) 130,756
TOTAL ASSETS LESS CURRENT LIABILITIES 411,967 593,130

CREDITORS
Amounts falling due after more than one year 6 (367,001 ) (521,492 )

PROVISIONS FOR LIABILITIES (19,012 ) (19,865 )
NET ASSETS 25,954 51,773

Galxc Cooling Services Limited (Registered number: 05819672)

Abridged Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 212 212
Share premium 4,080 4,080
Capital redemption reserve 188 188
Retained earnings 21,474 47,293
25,954 51,773

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 July 2025 and were signed on its behalf by:





ID Hazell - Director


Galxc Cooling Services Limited (Registered number: 05819672)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Galxc Cooling Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05819672

Registered office: Unit 3 Lulworth Business Centre
Nutwood Way
Totton
Southampton
Hampshire
SO40 3WW

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Galxc Cooling Services Limited (Registered number: 05819672)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 21 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 602,650
Additions 6,089
At 31 October 2024 608,739
DEPRECIATION
At 1 November 2023 140,366
Charge for year 23,976
At 31 October 2024 164,342
NET BOOK VALUE
At 31 October 2024 444,397
At 31 October 2023 462,284

Galxc Cooling Services Limited (Registered number: 05819672)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2023
and 31 October 2024 90
NET BOOK VALUE
At 31 October 2024 90
At 31 October 2023 90

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.10.24 31.10.23
£    £   
Repayable by instalments
Mortgage (secured) 222,600 243,398

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
M J Bridgewater
Balance outstanding at start of year 7,563 7,641
Amounts advanced 26,285 -
Amounts repaid - (78 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,848 7,563

ID Hazell
Balance outstanding at start of year - -
Amounts advanced 46,376 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,376 -