Coolserv Airconditioning Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05116497 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Coolserv Airconditioning Services Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

16,386

12,973

CURRENT ASSETS

Stocks

-

3,443

Debtors

5

19,736

39,208

Cash at bank and in hand

208,334

203,486

228,070

246,137

CREDITORS

Amounts falling due within one year

6

(19,574

)

(19,350

)

NET CURRENT ASSETS

208,496

226,787

TOTAL ASSETS LESS CURRENT LIABILITIES

224,882

239,760

CREDITORS

Amounts falling due after more than one
year

7

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

(594

)

-

NET ASSETS

214,288

219,760

CAPITAL AND RESERVES

Called up share capital

1

Capital redemption reserve

1

Retained earnings

214,286

219,758

SHAREHOLDERS' FUNDS

214,288

219,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 September 2025 and were signed by:

Mr D G Dewar - Director

1.	STATUTORY INFORMATION

Coolserv Airconditioning Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05116497

Registered office:

7 Beech Crescent

Poynton

Cheshire

SK12 1AW

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

18,000

6,028

15,009

9,292

48,329

Additions

9,750

-

716

10,466

At 31 December 2024

27,750

6,028

15,009

10,008

58,795

DEPRECIATION

At 1 January 2024

18,000

6,028

3,752

7,576

35,356

Charge for year

2,438

-

3,753

862

7,053

At 31 December 2024

20,438

6,028

7,505

8,438

42,409

NET BOOK VALUE

At 31 December 2024

7,312

-

7,504

1,570

16,386

At 31 December 2023

-

11,257

1,716

12,973

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

14,177

39,208

Other debtors

5,559

-

19,736

39,208

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Trade creditors

11,268

5,245

Taxation and social security

(1,694

)

2,117

Other creditors

-

1,988

19,574

19,350

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

10,000

20,000

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mr D G Dewar

Balance outstanding at start of year

-

19,268

Amounts advanced

4,765

-

Amounts repaid

-

(19,268

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,765

-

Loans in excess of £10,000 are charged interest at a rate of 2% per annum.

Loans were repaid within 9 months of the year end.