Registration number: 06721857

Freezertech Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

Freezertech Limited

(Registration number: 06721857)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	5	-	13,351
Tangible assets	6	319,763	467,325
		319,763	480,676
Current assets
Stocks	7	-	600,049
Debtors	8	169,497	253,912
Cash at bank and in hand		11,755	168,058
		181,252	1,022,019
Creditors: Amounts falling due within one year	9	(414,271)	(745,164)
Net current (liabilities)/assets		(233,019)	276,855
Total assets less current liabilities		86,744	757,531
Creditors: Amounts falling due after more than one year	9	(41,093)	(42,155)
Provisions for liabilities		-	(36,275)
Net assets		45,651	679,101
Capital and reserves
Called up share capital	10	18	18
Retained earnings		45,633	679,083
Shareholders' funds		45,651	679,101

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
 

Approved and authorised by the director on 8 September 2025
 

......................................... M J Flaga Director

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England and the company registration number is 06721857.

The address of its registered office is:
26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

The principal place of business is:
Unit 2
Humberston Business Centre
Jackson Place
Humberston
DN36 4AS

These financial statements were authorised for issue by the director on 8 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements cover the individual entity, Freezertech Limited.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest pound.

Going concern

As noted in the Directors Report, the trade of the company will continue in the parent, DSI Dantech, as of 31 August 2024. The directors are of the opinion that the going concern basis is no longer appropriate in preparing these financial statements. This has had no impact on the carrying value of assets and liabilities in the Company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% straight line
Office equipment	20% straight line
Plant and machinery	15% straight line
Land and buildings	2% straight line

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer software	20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the statement of income and retained earnings

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of income and retained earnings over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of income and retained earnings and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 20 (2023 - 22).

4	Other operating income

Included within the accounts is £1,063 (2022: £1,484) received from the Government as part of a fixed asset grant.

5	Intangible assets

	Computer Software Intangible  £	Total £
Cost or valuation
At 1 January 2024	18,320	18,320
Disposals	(18,320)	(18,320)
At 31 December 2024	-	-
Amortisation
At 1 January 2024	4,969	4,969
Amortisation charge	3,664	3,664
Amortisation eliminated on disposals	(8,633)	(8,633)
At 31 December 2024	-	-
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	13,351	13,351

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	397,808	413,586	45,396	25,375	882,165
Additions	-	1,237	2,138	-	3,375
Disposals	-	(414,823)	(47,534)	(25,375)	(487,732)
At 31 December 2024	397,808	-	-	-	397,808
Depreciation
At 1 January 2024	70,089	299,945	23,231	21,569	414,834
Charge for the year	7,956	17,374	5,214	2,537	33,081
Eliminated on disposal	-	(317,319)	(28,445)	(24,106)	(369,870)
At 31 December 2024	78,045	-	-	-	78,045
Carrying amount
At 31 December 2024	319,763	-	-	-	319,763
At 31 December 2023	327,719	113,634	22,166	3,806	467,325

Included within the net book value of land and buildings above is £319,763 (2023 - £327,719) in respect of freehold land and buildings and £Nil (2023 - £Nil) in respect of long leasehold land and buildings.
 

7

Stocks

	2024 £	2023 £
Raw materials and consumables	-	582,229
Finished goods and goods for resale	-	17,820
	-	600,049

8

Debtors

Current	2024 £	2023 £
Trade debtors	87,092	99,608
Prepayments	937	19,329
Other debtors	81,468	134,975
	169,497	253,912

Freezertech Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		228,701	515,635
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest	11	174,486	-
Taxation and social security		4,528	22,073
Accruals and deferred income		6,244	159,784
Other creditors		312	47,672
		414,271	745,164

	2024 £	2023 £
Due after one year
Deferred income	41,093	42,155

10	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	16	16	16	16
Ordinary A shares of £1 each	1	1	1	1
Ordinary B shares of £1 each	1	1	1	1
	18	18	18	18

11	Related party transactions

Parent and ultimate parent undertaking

The company's immediate parent is DSI Dantech A/S, incorporated in the European country Denmark. Consolidated financial statements for the group are available from DSI Dantech A/S, Parkvej 5, DK-9352, Dybvad, Denmark.

DSI Dantech is the company's controlling related party by the virtue of its 100% interest in the company.