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REGISTERED NUMBER: 07412672 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

COOL RUNNING (SHROPSHIRE) LIMITED

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOL RUNNING (SHROPSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mr J H Ashton
Mrs T Ashton





REGISTERED OFFICE: Unit C5
Wem Industrial Estate
Soulton Road
Wem
Shropshire
SY4 5SD





REGISTERED NUMBER: 07412672 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

BALANCE SHEET
31ST MARCH 2025

31.3.24 31.3.25
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
1,056,152 Tangible assets 5 1,217,806
1,056,152 1,217,806

CURRENT ASSETS
539,846 Debtors 6 473,913
211,871 Cash at bank 205,801
751,717 679,714
CREDITORS
313,561 Amounts falling due within one year 7 357,895
438,156 NET CURRENT ASSETS 321,819
1,494,308 TOTAL ASSETS LESS CURRENT LIABILITIES 1,539,625

CREDITORS
(85,804 ) Amounts falling due after more than one
year

8

(62,613

)

(160,752 ) PROVISIONS FOR LIABILITIES (166,976 )
1,247,752 NET ASSETS 1,310,036

CAPITAL AND RESERVES
100 Called up share capital 10 100
1,247,652 Retained earnings 1,309,936
1,247,752 SHAREHOLDERS' FUNDS 1,310,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

BALANCE SHEET - continued
31ST MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th June 2025 and were signed on its behalf by:





Mr J H Ashton - Director


COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Cool Running (Shropshire) Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

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.

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.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

The directors believe that the cost of the property after depreciation still fairly reflects its fair value of £546,372 (2024:£408,439).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 57,946
AMORTISATION
At 1st April 2024
and 31st March 2025 57,946
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1st April 2024 2,080,038 529,773 1,550,265
Additions 460,177 160,136 300,041
Disposals (237,192 ) - (237,192 )
At 31st March 2025 2,303,023 689,909 1,613,114
DEPRECIATION
At 1st April 2024 1,023,886 121,334 902,552
Charge for year 216,597 22,202 194,395
Eliminated on disposal (155,266 ) - (155,266 )
At 31st March 2025 1,085,217 143,536 941,681
NET BOOK VALUE
At 31st March 2025 1,217,806 546,373 671,433
At 31st March 2024 1,056,152 408,439 647,713

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2024 329,840
Additions 75,168
Disposals (14,467 )
At 31st March 2025 390,541
DEPRECIATION
At 1st April 2024 116,014
Charge for year 69,116
Eliminated on disposal (9,985 )
At 31st March 2025 175,145
NET BOOK VALUE
At 31st March 2025 215,396
At 31st March 2024 213,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 310,483 295,382
Other debtors 163,430 244,464
473,913 539,846

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 8,664 8,333
Hire purchase contracts 44,923 61,646
Trade creditors 112,350 135,818
Taxation and social security 168,423 104,772
Other creditors 23,535 2,992
357,895 313,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,177 13,334
Hire purchase contracts 61,436 72,470
62,613 85,804

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 9,841 21,667

The bank loan is secured by a fixed and floating charge over the freehold property held by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25 31.3.24
£    £   
Mr J H Ashton
Balance outstanding at start of year 80,446 92,364
Amounts advanced 18,904 72,082
Amounts repaid (118,202 ) (84,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,852 ) 80,446

Interest has been charged at the official rate during the year.

COOL RUNNING (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 07412672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

12. RELATED PARTY DISCLOSURES

Included in other debtors are the following:

A loan of £15,000 (2024: £15,000) owed by D & A Development (Shropshire) Limited. A company controlled by the director and shareholder Mr J Ashton. No interest has been charged on the loan.

A loan of £96,769 (2024: £91,769) due from AFM Farming.LLP, a business in which the director and shareholder Mr J Ashton in a member. No interest has been charged on the loan.