Kooltrade Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01741058

Kooltrade Limited

Filleted Unaudited Financial Statements

31 December 2024

Kooltrade Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed Assets

Intangible assets	5	1	1
Tangible assets	6	1,818,246	1,216,218
		------------	------------
		1,818,247	1,216,219

Current Assets

Stocks		1,397,278	1,514,004
Debtors	7	1,312,619	1,059,380
Cash at bank and in hand		190,440	142,522
		------------	------------
		2,900,337	2,715,906

Creditors: amounts falling due within one year	8	2,195,070		1,665,731
		------------		------------
Net Current Assets			705,267	1,050,175
			------------	------------
Total Assets Less Current Liabilities			2,523,514	2,266,394
			------------	------------
Net Assets			2,523,514	2,266,394
			------------	------------

Capital and Reserves

Called up share capital	300	300
Revaluation reserve	602,736	–
Profit and loss account	1,920,478	2,266,094
	------------	------------
Shareholder Funds	2,523,514	2,266,394
	------------	------------

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 comprehensive income has not been delivered.

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kooltrade Limited

Statement of Financial Position (continued)

31 December 2024

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

Mr E. Hunter
Director

Company registration number: 01741058

Kooltrade Limited

Notes to the Financial Statements

Year Ended 31 December 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 41 Greek Street, Stockport, Cheshire, SK3 8AX.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Trademarks	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Freehold land and buildings, all located in the UK, are measured using the revaluation model. The assets are stated at fair value on the date of the latest revaluation less any subsequent depreciation and any impairment losses where applicable. At the date of revaluation any accumulated depreciation will be eliminated against the gross carrying amount of the asset and the carrying amount is then restated to the revalued amount of the asset.

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:

Fixtures, fittings and equipment	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Computer equipment is depreciated at 20% using the straight line method.

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. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 22 (2023: 18 ).

5. Intangible Assets

	Trademark costs
	£
Cost
At 1 January 2024 and 31 December 2024	194,801
	---------
Amortisation
At 1 January 2024 and 31 December 2024	194,800
	---------
Carrying amount
At 31 December 2024	1
	---------
At 31 December 2023	1
	---------

6. Tangible Assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	1,197,264	146,364	32,548	1,376,176
Additions	–	8,742	–	8,742
Disposals	–	–	( 18,250)	( 18,250)
Revaluations	602,736	–	–	602,736
	------------	---------	--------	------------
At 31 December 2024	1,800,000	155,106	14,298	1,969,404
	------------	---------	--------	------------
Depreciation
At 1 January 2024	–	133,245	26,713	159,958
Charge for the year	–	3,660	1,218	4,878
Disposals	–	–	( 13,678)	( 13,678)
	------------	---------	--------	------------
At 31 December 2024	–	136,905	14,253	151,158
	------------	---------	--------	------------
Carrying amount
At 31 December 2024	1,800,000	18,201	45	1,818,246
	------------	---------	--------	------------
At 31 December 2023	1,197,264	13,119	5,835	1,216,218
	------------	---------	--------	------------

The freehold property was revalued on 8 May 2024 by independent professionally qualified valuers in accordance with RICS Valuation - Global Standards issued in October 2023 and effective from May 2024. Under the cost model the freehold property would have had a carrying amount of £1,197,264 and had not been depreciated.

7. Debtors

	2024	2023
	£	£
Trade debtors	1,204,953	959,007
Other debtors	107,666	100,373
	------------	------------
	1,312,619	1,059,380
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	587,613	455,357
Trade creditors	689,409	241,900
Amounts owed to group undertakings and undertakings in which the company has a participating interest	53,595	53,595
Corporation tax	158,468	175,285
Social security and other taxes	193,993	155,325
Other creditors	511,992	584,269
	------------	------------
	2,195,070	1,665,731
	------------	------------

The bank overdraft is secured on the company's property and a debenture on the company's assets.

9. Financial Instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, directors' loans and forward foreign currency purchases. Directors' loans being repayable on demand, trade debtors and trade creditors are measured at the undiscounted anount of the cash or other consideratione expected to be paid or received. Bank loans are initially measured at the present value of future payments, discounted at a cash flow interest rate and subsequently at amortised costs using the effective interest method. Forward foreign currency purchases are measured at fair value. Gains and losses arising from changes in the fair valueare included in the profit and loss in the period in which they arise.

10. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Later than 1 year and not later than 5 years	9,490	5,977
	-------	-------

11. Controlling Party

The company is controlled by Kooltrade Holding Limited. Kooltrade Holding Limited owns 100% of the issued share capital. The company's ultimate parent company is Kooltrade Holding Limited , a company incorporated and registered in the United Kingdom.