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COMPANY REGISTRATION NUMBER: 10371327

Garcold Refrigeration Limited

Filleted Unaudited Financial Statements

30 September 2024

Garcold Refrigeration Limited

Financial Statements

Year ended 30 September 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Garcold Refrigeration Limited

Statement of Financial Position

30 September 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 5 | 96,074 | 106,032

Current assets

Debtors | 6 | 17,088 | 135,203
Cash at bank and in hand | 9,816 | 10,513
| -------- | ---------
| 26,904 | 145,716

Creditors: amounts falling due within one year | 7 | 35,648 | 130,302
| -------- | ---------
Net current (liabilities)/assets | ( 8,744) | 15,414
| -------- | ---------
Total assets less current liabilities | 87,330 | 121,446

Creditors: amounts falling due after more than one year | 8 | – | 22,732

Provisions | 24,019 | 26,508
| -------- | ---------
Net assets | 63,311 | 72,206
| -------- | ---------

Capital and reserves

Called up share capital | 50 | 50
Capital redemption reserve | 50 | 50
Profit and loss account | 63,211 | 72,106
| -------- | --------
Shareholders funds | 63,311 | 72,206
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Garcold Refrigeration Limited

Statement of Financial Position (continued)

30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 16 September 2025 , and are signed on behalf of the board by:

Mr R P Garrett
Director

Company registration number: 10371327

Garcold Refrigeration Limited

Notes to the Financial Statements

Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% reducing balance
| Motor vehicles | - | 20% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year, excluding the directors, amounted to 0 (2023: 0).
5. Tangible assets

| Plant and machinery | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1 October 2023 | 191,869 | 21,870 | 213,739
Additions | 66 | 13,995 | 14,061
| --------- | -------- | ---------
At 30 September 2024 | 191,935 | 35,865 | 227,800
| --------- | -------- | ---------
Depreciation |  |  |
At 1 October 2023 | 103,825 | 3,882 | 107,707
Charge for the year | 17,622 | 6,397 | 24,019
| --------- | -------- | ---------
At 30 September 2024 | 121,447 | 10,279 | 131,726
| --------- | -------- | ---------
Carrying amount |  |  |
At 30 September 2024 | 70,488 | 25,586 | 96,074
| --------- | -------- | ---------
At 30 September 2023 | 88,044 | 17,988 | 106,032
| --------- | -------- | ---------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 15,918 | 25,344
Other debtors | 1,170 | 109,859
| -------- | ---------
| 17,088 | 135,203
| -------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 292 | 241
Corporation tax | 12,331 | 9,187
Other creditors | 23,025 | 120,874
| -------- | ---------
| 35,648 | 130,302
| -------- | ---------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Other creditors | – | 22,732
| ---- | --------

9. Directors' advances, credits and guarantees
At the year end, the company owed £3,065 to a director (2023: company was owed £17,869). Interest was charged on the overdrawn loan at the official rate of 2.25%.
10. Related party transactions
At the year end, the company was owed a net amount of £3,945 (2023: the company owed £12,513) to a company which is associated by common control.