REGISTERED NUMBER: SC050579 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EDONI REFRIGERATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Carlo Paul Edoni

Riccardo Edoni

REGISTERED OFFICE:

100 Strathmore Road

Balmore Industrial Estate

Glasgow

G22 7TS

REGISTERED NUMBER:

SC050579 (Scotland)

ACCOUNTANTS:

Clement Millar

Spiersbridge House

1 Spiersbridge Way

Glasgow

G46 8NG

FIXED ASSETS

Tangible assets

4

108,786

120,942

CURRENT ASSETS

Stocks

5

80,753

60,333

Debtors

6

53,095

8,732

Cash at bank

573,822

648,104

707,670

717,169

CREDITORS

Amounts falling due within one year

7

839,207

794,981

NET CURRENT LIABILITIES

(131,537

)

(77,812

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,751

)

43,130

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(23,751

)

42,130

SHAREHOLDERS' FUNDS

(22,751

)

43,130

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 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 2 April 2025 and were signed on its behalf by:

Riccardo Edoni - Director

1.	STATUTORY INFORMATION

Edoni Refrigeration Limited is a private company, limited by shares , registered in Scotland. 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

212,459

130,186

4,446

347,091

Additions

3,021

18,898

-

21,919

Disposals

-

(20,995

)

-

(20,995

)

At 31 December 2024

215,480

128,089

4,446

348,015

DEPRECIATION

At 1 January 2024

170,657

51,536

3,956

226,149

Charge for year

6,723

23,452

163

30,338

Eliminated on disposal

-

(17,258

)

-

(17,258

)

At 31 December 2024

177,380

57,730

4,119

239,229

NET BOOK VALUE

At 31 December 2024

38,100

70,359

327

108,786

At 31 December 2023

41,802

78,650

490

120,942

5.

STOCKS

2024

2023

£

£

Stock and work in progress

80,753

60,333

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

49,942

355

Prepayments and accrued income

3,153

8,377

53,095

8,732

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

13,227

28,992

Current corporation tax

9,649

1,102

Social security and other taxes

15,664

7,073

VAT

42,704

755

Amounts due to associated companies

755,534

755,534

Accruals and deferred income

2,429

1,525

839,207

794,981