REGISTERED NUMBER: 06042013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CELSIUS SOLUTIONS LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

G. Poxon

T M Poxon

SECRETARY:

A Charlton

REGISTERED OFFICE:

Electric House

Ninian Way

Wilnecote

Tamworth

Staffordshire

B77 5DE

REGISTERED NUMBER:

06042013 (England and Wales)

ACCOUNTANTS:

Ashford Green Limited

Electric House

Ninian Way

Wilnecote

Tamworth

Staffordshire

B77 5DE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages two to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Ashford Green Limited

Electric House

Ninian Way

Wilnecote

Tamworth

Staffordshire

B77 5DE

5 September 2025

FIXED ASSETS

Tangible assets

4

90,850

17,888

CURRENT ASSETS

Stocks

(395,071

)

169,450

Debtors

5

1,922,704

1,842,421

Cash at bank

1,129,209

910,817

2,656,842

2,922,688

CREDITORS

Amounts falling due within one year

6

1,773,938

1,854,166

NET CURRENT ASSETS

882,904

1,068,522

TOTAL ASSETS LESS CURRENT LIABILITIES

973,754

1,086,410

CREDITORS

Amounts falling due after more than one year

7

(68,174

)

-

PROVISIONS FOR LIABILITIES

(22,713

)

(4,448

)

NET ASSETS

882,867

1,081,962

CAPITAL AND RESERVES

Called up share capital

90

100

Retained earnings

882,777

1,081,862

SHAREHOLDERS' FUNDS

882,867

1,081,962

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 5 September 2025 and were signed on its behalf by:

T M Poxon - Director

1.	STATUTORY INFORMATION

Celsius Solutions Limited is a private company, limited by shares , registered in England and Wales. 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

3,900

26,501

-

35,729

66,130

Additions

969

-

105,370

4,886

111,225

Disposals

-

-

-

(6,349

)

(6,349

)

At 31 December 2024

4,869

26,501

105,370

34,266

171,006

DEPRECIATION

At 1 January 2024

1,839

21,302

-

25,101

48,242

Charge for year

759

1,300

26,343

8,739

37,141

Eliminated on disposal

-

-

-

(5,227

)

(5,227

)

At 31 December 2024

2,598

22,602

26,343

28,613

80,156

NET BOOK VALUE

At 31 December 2024

2,271

3,899

79,027

5,653

90,850

At 31 December 2023

2,061

5,199

-

10,628

17,888

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,753,928

1,703,555

Amounts owed by group undertakings

5,955

5,955

Amounts owed by associates

230

230

Other debtors

162,591

132,681

1,922,704

1,842,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

75,040

22,095

Hire purchase contracts (see note 8)

14,600

-

Trade creditors

1,531,074

1,547,860

Taxation and social security

138,047

171,262

Other creditors

15,177

112,949

1,773,938

1,854,166

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

68,174

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

14,600

-

Between one and five years

68,174

-

82,774

-

Non-cancellable

operating leases

2024

2023

£

£

Within one year

37,711

55,319

Between one and five years

16,393

49,396

54,104

104,715

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

H Poxon and G. Poxon

Balance outstanding at start of year

6,196

-

Amounts advanced

-

6,196

Amounts repaid

(6,196

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,196

10.	PURCHASE OF OWN SHARES

During 2023 the strategic decision was made for the company to repurchase 10% of its issued ordinary share capital. Following all the necessary approvals this was completed in May 2024, and as a result these shares were cancelled.

In addition to this on 25 October 2024 there was a management buyout of the remaining share capital (90 ordinary shares) within the business.

The effect of these two transactions was a reduction in shareholders' funds in 2024 of approximately 44%. The trading position of the business continues to be strong with reserves anticipated to be returned to pre-2024 levels over the next few years.