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REGISTERED NUMBER: NI611089 (Northern Ireland)













COOLCHAIN AIR CONDITIONING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


COOLCHAIN AIR CONDITIONING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr M McGarrity
Mrs M McGarrity



REGISTERED OFFICE: 24 Tullyreavy Road
Rock
DUNGANNON
Co. Tyrone
BT70 3JN



REGISTERED NUMBER: NI611089 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Bank of Ireland
Market Street
MAGHERAFELT
Co. Londonderry
BT45 6EE

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COOLCHAIN AIR CONDITIONING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 January 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


Date: .............................................

COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,191 33,327
44,191 33,327

CURRENT ASSETS
Stocks 23,000 48,500
Debtors 6 125,151 36,660
Cash at bank 74,848 199,736
222,999 284,896
CREDITORS
Amounts falling due within one year 7 47,707 74,354
NET CURRENT ASSETS 175,292 210,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,483

243,869

CREDITORS
Amounts falling due after more than one
year

8

(4,210

)

(63,196

)

PROVISIONS FOR LIABILITIES (3,840 ) (1,369 )
NET ASSETS 211,433 179,304

COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)

BALANCE SHEET - continued
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 211,233 179,104
SHAREHOLDERS' FUNDS 211,433 179,304

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

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

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 25 June 2025 and were signed on its behalf by:




Mr M McGarrity - Director



Mrs M McGarrity - Director


COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Coolchain Air Conditioning Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

The financial statements are prepared in sterling which is the functional currency of the company.

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 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 4% straight line
Plant & machinery - 20% straight line

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

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 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.


COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)

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

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 125,000
AMORTISATION
At 1 February 2024
and 31 January 2025 125,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)

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

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant &
property machinery Totals
£    £    £   
COST
At 1 February 2024 28,550 62,135 90,685
Additions - 20,000 20,000
At 31 January 2025 28,550 82,135 110,685
DEPRECIATION
At 1 February 2024 3,426 53,932 57,358
Charge for year 1,142 7,994 9,136
At 31 January 2025 4,568 61,926 66,494
NET BOOK VALUE
At 31 January 2025 23,982 20,209 44,191
At 31 January 2024 25,124 8,203 33,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 9,270 36,660
Other debtors 115,881 -
125,151 36,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,644 10,644
Trade creditors 7,347 28,477
Taxation and social security 10,869 7,113
Other creditors 18,847 28,120
47,707 74,354

COOLCHAIN AIR CONDITIONING LTD (REGISTERED NUMBER: NI611089)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 4,210 14,366
Other creditors - 48,830
4,210 63,196

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan - 48,830

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 2024
£    £   
Mr M McGarrity
Balance outstanding at start of year - -
Amounts advanced 115,881 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 115,881 -

10. RELATED PARTY DISCLOSURES

Mr & Mrs M McGarrity
Mr M McGarrity and Mrs M McGarrity are both directors and shareholders of this company.

The overdraft facility with the bank is secured by personal guarantees of £50,000.

11. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.