Company registration number 04417998 (England and Wales)
COOL BLUE BRAND COMMUNICATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
COOL BLUE BRAND COMMUNICATIONS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
COOL BLUE BRAND COMMUNICATIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
6
Tangible assets
4
8,119
9,193
8,119
9,199
Current assets
Stocks
1,227
-
Debtors
5
213,410
203,947
Cash at bank and in hand
672,348
661,933
886,985
865,880
Creditors: amounts falling due within one year
6
(266,593)
(274,990)
Net current assets
620,392
590,890
Total assets less current liabilities
628,511
600,089
Provisions for liabilities
(1,828)
(1,752)
Net assets
626,683
598,337
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
625,683
597,337
Total equity
626,683
598,337

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

COOL BLUE BRAND COMMUNICATIONS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 1 November 2025
T Garland
Director
Company Registration No. 04417998
COOL BLUE BRAND COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Cool Blue Brand Communications Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Toffee Factory, Lower Steenbergs Yard, Quayside, Ouseburn, Newcastle Upon Tyne, Tyne And Wear, United Kingdom, NE1 2DF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. the principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates for amounts not invoiced and is recognised by reference to recoverable chargable hours incurred.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line
Fixtures and fittings
20% straight line
IT equipment
33% straight line
COOL BLUE BRAND COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

COOL BLUE BRAND COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
COOL BLUE BRAND COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
33,047
Amortisation and impairment
At 1 April 2024
33,041
Amortisation charged for the year
6
At 31 March 2025
33,047
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
6
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
IT equipment
Total
£
£
£
£
Cost
At 1 April 2024
21,456
68,318
160,624
250,398
Additions
-
0
1,186
1,995
3,181
Disposals
-
0
(3,164)
-
0
(3,164)
At 31 March 2025
21,456
66,340
162,619
250,415
Depreciation and impairment
At 1 April 2024
21,428
65,379
154,398
241,205
Depreciation charged in the year
6
1,228
3,021
4,255
Eliminated in respect of disposals
-
0
(3,164)
-
0
(3,164)
At 31 March 2025
21,434
63,443
157,419
242,296
Carrying amount
At 31 March 2025
22
2,897
5,200
8,119
At 31 March 2024
28
2,939
6,226
9,193
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
160,997
140,063
Other debtors
34,000
42,020
Prepayments and accrued income
18,413
21,864
213,410
203,947
COOL BLUE BRAND COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,930
28,512
Corporation tax
45,293
31,777
Other taxation and social security
69,699
74,797
Other creditors
2,149
2,610
Accruals and deferred income
138,522
137,294
266,593
274,990

7
Financial commitments, guarantees and contingent liabilities

Included within the statement of financial position are unpaid pension contributions of £2,149 (2024: £2,610).

2025-03-31 2024-04-01 false false false 04 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity T Garland 04417998 2024-04-01 2025-03-31 04417998 2025-03-31 04417998 2024-03-31 04417998 core:Goodwill 2025-03-31 04417998 core:Goodwill 2024-03-31 04417998 core:PlantMachinery 2025-03-31 04417998 core:FurnitureFittings 2025-03-31 04417998 core:ComputerEquipment 2025-03-31 04417998 core:PlantMachinery 2024-03-31 04417998 core:FurnitureFittings 2024-03-31 04417998 core:ComputerEquipment 2024-03-31 04417998 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04417998 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04417998 core:CurrentFinancialInstruments 2025-03-31 04417998 core:CurrentFinancialInstruments 2024-03-31 04417998 core:ShareCapital 2025-03-31 04417998 core:ShareCapital 2024-03-31 04417998 core:RetainedEarningsAccumulatedLosses 2025-03-31 04417998 core:RetainedEarningsAccumulatedLosses 2024-03-31 04417998 bus:Director1 2024-04-01 2025-03-31 04417998 core:Goodwill 2024-04-01 2025-03-31 04417998 core:PlantMachinery 2024-04-01 2025-03-31 04417998 core:FurnitureFittings 2024-04-01 2025-03-31 04417998 core:ComputerEquipment 2024-04-01 2025-03-31 04417998 2023-04-01 2024-03-31 04417998 core:Goodwill 2024-03-31 04417998 core:PlantMachinery 2024-03-31 04417998 core:FurnitureFittings 2024-03-31 04417998 core:ComputerEquipment 2024-03-31 04417998 2024-03-31 04417998 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04417998 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04417998 bus:FRS102 2024-04-01 2025-03-31 04417998 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04417998 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP