Company Registration No. 12583120 (England and Wales)
TW COOLING LTD
Unaudited accounts
for the year ended 31 May 2025
TW COOLING LTD
Unaudited accounts
Contents
TW COOLING LTD
Company Information
for the year ended 31 May 2025
Company Number
12583120 (England and Wales)
Registered Office
Unit 18
Church Road Business Centre
Church Road
Sittingbourne
Kent
ME10 3RS
England
Accountants
AFFLECK ACCOUNTANCY LIMITED
13 Woodside Road
Sidcup
Kent
DA15 7JG
TW COOLING LTD
Statement of financial position
as at 31 May 2025
Tangible assets
22,912
28,200
Cash at bank and in hand
39,708
102
Creditors: amounts falling due within one year
(567,680)
(62,926)
Net current assets/(liabilities)
156,317
(2,648)
Total assets less current liabilities
179,229
25,552
Creditors: amounts falling due after more than one year
(25,859)
(24,821)
Called up share capital
1
1
Profit and loss account
153,369
730
Shareholders' funds
153,370
731
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2025 and were signed on its behalf by
TERRY WEBB
Director
Company Registration No. 12583120
TW COOLING LTD
Notes to the Accounts
for the year ended 31 May 2025
TW COOLING LTD is a private company, limited by shares, registered in England and Wales, registration number 12583120. The registered office is Unit 18, Church Road Business Centre, Church Road, Sittingbourne, Kent, ME10 3RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
TW COOLING LTD
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
37,170
-
865
38,035
Additions
-
1,202
1,607
2,809
At 31 May 2025
37,170
1,202
2,472
40,844
At 1 June 2024
9,662
-
173
9,835
Charge for the year
7,303
300
494
8,097
At 31 May 2025
16,965
300
667
17,932
At 31 May 2025
20,205
902
1,805
22,912
At 31 May 2024
27,508
-
692
28,200
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
20,205
26,940
Amounts falling due within one year
Trade debtors
680,289
24,633
Other debtors
4,000
27,698
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
33,366
33,431
Obligations under finance leases and hire purchase contracts
5,592
5,592
Trade creditors
410,241
26,179
Taxes and social security
68,722
-
Loans from directors
81
(3,350)
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
19,228
24,821
TW COOLING LTD
Notes to the Accounts
for the year ended 31 May 2025
8
Average number of employees
During the year the average number of employees was 7 (2024: 4).