Company Registration No. 10263657 (England and Wales)
OK COOL LTD
Unaudited accounts
for the year ended 31 December 2024
OK COOL LTD
Unaudited accounts
Contents
OK COOL LTD
Company Information
for the year ended 31 December 2024
Directors
Benjamin Gordon
Elizabeth Stone
John Jolyon Varley
Company Number
10263657 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
OK COOL LTD
Statement of financial position
as at 31 December 2024
Tangible assets
43,550
32,641
Debtors
1,669,608
1,179,017
Cash at bank and in hand
114,228
211,339
Creditors: amounts falling due within one year
(1,790,558)
(1,358,131)
Net current (liabilities)/assets
(6,722)
32,225
Total assets less current liabilities
36,828
64,866
Creditors: amounts falling due after more than one year
(5,835)
(15,833)
Provisions for liabilities
Deferred tax
(10,994)
(6,202)
Called up share capital
104
100
Profit and loss account
(30,101)
42,731
Shareholders' funds
19,999
42,831
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by
Benjamin Gordon
Director
Company Registration No. 10263657
OK COOL LTD
Notes to the Accounts
for the year ended 31 December 2024
OK COOL LTD is a private company, limited by shares, registered in England and Wales, registration number 10263657. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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:
Computer equipment
30% reducing balance basis
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
OK COOL LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
At 31 December 2024
83,570
Charge for the year
14,647
At 31 December 2024
40,020
At 31 December 2024
43,550
At 31 December 2023
32,641
Amounts falling due within one year
Trade debtors
1,176,150
649,720
Amounts due from group undertakings etc.
90,259
344,206
Accrued income and prepayments
118,082
70,113
Other debtors
285,117
114,978
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
193,164
398,821
Amounts owed to group undertakings and other participating interests
20,947
-
Taxes and social security
443,885
122,906
Other creditors
63,591
9,180
Deferred income
294,174
480,644
8
Creditors: amounts falling due after more than one year
2024
2023
OK COOL LTD
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Drawings
32,995
101,973
48,000
86,968
Drawings
47,589
49,479
48,000
49,068
Drawings
32,995
51,728
48,000
36,723
113,579
203,180
144,000
172,759
Included within Other Debtors are amounts owed from the directors. The advances provided to the directors are funds withdrawn and private expenditure paid by the company, classed as general drawings. Amounts repaid are by way of dividends issued to the directors who are also shareholders. Interest is charged on debit balances at annual rate of 2.25%.
10
Average number of employees
During the year the average number of employees was 42 (2023: 43).