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REGISTERED NUMBER: 01935971 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Sovereign Refrigeration Limited

Sovereign Refrigeration Limited (Registered number: 01935971)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sovereign Refrigeration Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: R F Evans





SECRETARY: C Evans





REGISTERED OFFICE: Unit 5/12 Birchbrook Industrial Park
Lynn Lane
Shenstone
Lichfield
Staffordshire
WS14 0DJ





REGISTERED NUMBER: 01935971 (England and Wales)





ACCOUNTANTS: N R Penn & Co Limited
The Association Of Accounting Technicians
5 Load Street
Bewdley
Worcestershire
DY12 2AF

Sovereign Refrigeration Limited (Registered number: 01935971)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,724 32,151
Tangible assets 5 622,202 551,400
645,926 583,551

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 6 2,137,741 2,426,774
Investments 7 250,000 250,000
Cash at bank and in hand 1,389,996 1,202,045
3,827,737 3,928,819
CREDITORS
Amounts falling due within one year 8 874,175 1,179,695
NET CURRENT ASSETS 2,953,562 2,749,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,599,488

3,332,675

CREDITORS
Amounts falling due after more than
one year

9

(471,894

)

(637,399

)

PROVISIONS FOR LIABILITIES (114,597 ) (67,360 )
NET ASSETS 3,012,997 2,627,916

Sovereign Refrigeration Limited (Registered number: 01935971)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 3,012,989 2,627,908
3,012,997 2,627,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 5 August 2025 and were signed by:





R F Evans - Director


Sovereign Refrigeration Limited (Registered number: 01935971)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Sovereign Refrigeration 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.

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 2018, is being amortised evenly over its estimated useful life of ten 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.
Leasehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


Sovereign Refrigeration Limited (Registered number: 01935971)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 84,275
AMORTISATION
At 1 December 2023 52,124
Charge for year 8,427
At 30 November 2024 60,551
NET BOOK VALUE
At 30 November 2024 23,724
At 30 November 2023 32,151

Sovereign Refrigeration Limited (Registered number: 01935971)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2023 176,795 271,266 702,816 1,150,877
Additions - 39,216 229,749 268,965
Disposals - - (38,176 ) (38,176 )
At 30 November 2024 176,795 310,482 894,389 1,381,666
DEPRECIATION
At 1 December 2023 88,399 185,564 325,514 599,477
Charge for year 17,680 18,739 148,435 184,854
Eliminated on disposal - - (24,867 ) (24,867 )
At 30 November 2024 106,079 204,303 449,082 759,464
NET BOOK VALUE
At 30 November 2024 70,716 106,179 445,307 622,202
At 30 November 2023 88,396 85,702 377,302 551,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 575,134 764,824
Other debtors 1,562,607 1,661,950
2,137,741 2,426,774

7. CURRENT ASSET INVESTMENTS
30.11.24 30.11.23
£    £   
Investment bonds 250,000 250,000

At 30th November 2024 the investment had a market value of £292683

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 130,000 130,000
Hire purchase contracts 90,000 90,000
Trade creditors 237,509 421,683
Taxation and social security 384,012 464,600
Other creditors 32,654 73,412
874,175 1,179,695

Sovereign Refrigeration Limited (Registered number: 01935971)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 305,965 431,487
Hire purchase contracts 165,929 205,912
471,894 637,399

10. RELATED PARTY DISCLOSURES

At 30th November 2024 the company was owed £1227491 (2023: £1240748) from Sovereign Group Holdings Limited, the company's parent company.

11. PARENT COMPANY

The company is a wholly owned subsidiary of Sovereign Group Holdings Limited (13096752) a company incorporated in England and Wales.