REGISTERED NUMBER: 04504791 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Coldstar (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Bryant

REGISTERED OFFICE:

Unit 29

Old Mills Industrial Estate

Paulton

Bristol

Avon

BS39 7SU

REGISTERED NUMBER:

04504791 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

169,056

128,370

169,056

128,370

CURRENT ASSETS

Stocks

6,289

5,850

Debtors

6

495,362

393,145

Cash at bank

367,062

266,584

868,713

665,579

CREDITORS

Amounts falling due within one year

7

(731,237

)

(589,660

)

NET CURRENT ASSETS

137,476

75,919

TOTAL ASSETS LESS CURRENT LIABILITIES

306,532

204,289

CREDITORS

Amounts falling due after more than one year

8

(117,006

)

(157,710

)

PROVISIONS FOR LIABILITIES

(31,575

)

(14,750

)

NET ASSETS

157,951

31,829

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

157,851

31,729

SHAREHOLDERS' FUNDS

157,951

31,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2025 and were signed by:

L Bryant - Director

1.	STATUTORY INFORMATION

Coldstar (UK) Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

Taxation

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

207,500

AMORTISATION

At 1 November 2023

and 31 October 2024

207,500

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 November 2023

27,237

17,033

52,695

Additions

-

-

488

Disposals

-

-

-

At 31 October 2024

27,237

17,033

53,183

DEPRECIATION

At 1 November 2023

-

13,805

33,420

Charge for year

-

807

4,941

Eliminated on disposal

-

-

-

At 31 October 2024

-

14,612

38,361

NET BOOK VALUE

At 31 October 2024

27,237

2,421

14,822

At 31 October 2023

27,237

3,228

19,275

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2023

141,824

752

239,541

Additions

107,391

1,585

109,464

Disposals

(41,990

)

-

(41,990

)

At 31 October 2024

207,225

2,337

307,015

DEPRECIATION

At 1 November 2023

63,758

188

111,171

Charge for year

35,586

537

41,871

Eliminated on disposal

(15,083

)

-

(15,083

)

At 31 October 2024

84,261

725

137,959

NET BOOK VALUE

At 31 October 2024

122,964

1,612

169,056

At 31 October 2023

78,066

564

128,370

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2023

116,319

Additions

73,391

Disposals

(41,990

)

At 31 October 2024

147,720

DEPRECIATION

At 1 November 2023

50,495

Charge for year

24,026

Eliminated on disposal

(15,083

)

At 31 October 2024

59,438

NET BOOK VALUE

At 31 October 2024

88,282

At 31 October 2023

65,824

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

442,593

353,084

Amounts owed by group undertakings

51,644

39,644

Prepayments and accrued income

1,125

417

495,362

393,145

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Hire purchase contracts

24,979

25,508

Trade creditors

360,457

353,922

Amounts owed to group undertakings

145,859

-

Tax

99,842

116,767

Social security and other taxes

3,988

6,154

VAT

78,355

63,401

Pensions payable

917

1,258

Directors' current accounts

7,290

-

Accruals and deferred income

9,550

22,650

731,237

589,660

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bounce back loan

66,638

129,271

Hire purchase contracts

50,368

28,439

117,006

157,710

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £7,290 (2023 - £0)

10.	RELATED PARTY DISCLOSURES

Coldstar (UK) Holdings Ltd owns the shares in Coldstar (UK) Ltd

£200,000.dividends were declared to the shareholder Coldstar UK Holdings Ltd (2023 - £406,692).

11.	ULTIMATE CONTROLLING PARTY

L Bryant is the Ultimate Controlling Party, by virtue of his majority shareholding in Coldstar (UK) Holdings Ltd