REGISTERED NUMBER: 05377573 (England and Wales)

COOL SOLUTIONS DISTRIBUTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Addy

M McKee

SECRETARY:

M McKee

REGISTERED OFFICE:

Units 9 & 10 Station Way

Off Wortley Road

Leeds

West Yorkshire

LS12 3HQ

REGISTERED NUMBER:

05377573 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

National Westminster Bank plc

8 Park Row

Leeds

West Yorkshire

LS1 1JS

FIXED ASSETS

Tangible assets

4

223,410

212,153

CURRENT ASSETS

Stocks

643,432

670,225

Debtors

5

2,129,492

1,309,906

Cash at bank and in hand

605,643

1,180,662

3,378,567

3,160,793

CREDITORS

Amounts falling due within one year

6

1,906,793

1,412,992

NET CURRENT ASSETS

1,471,774

1,747,801

TOTAL ASSETS LESS CURRENT LIABILITIES

1,695,184

1,959,954

CREDITORS

Amounts falling due after more than one year

7

(40,000

)

(100,000

)

PROVISIONS FOR LIABILITIES

(11,850

)

(8,000

)

NET ASSETS

1,643,334

1,851,954

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,642,334

1,850,954

SHAREHOLDERS' FUNDS

1,643,334

1,851,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 20 August 2025 and were signed on its behalf by:

P S Addy - Director

M McKee - Director

1.	STATUTORY INFORMATION

Cool Solutions Distribution 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Turnover and income recognition

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer and the right to consideration has been obtained through performance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

20% on cost

Fixtures and equipment

-

25% on reducing balance and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Government grants received are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accruals model.

Grants relating to revenue items are recognised as income on a systematic basis over the periods in which the related costs for which the grant is intended to compensate are recognised.

Stocks

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

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment

At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

Other financial instruments

The company does not have any financial instruments that would not be classed as 'basic'.

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.

Pension costs and other post-retirement benefits

The company makes pension contributions under the auto-enrolment regime and also makes contributions to the directors' personal pension schemes. Contributions payable are charged to the profit and loss account in the period to which they relate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

258,613

128,130

386,743

Additions

-

35,819

35,819

Disposals

-

(15,318

)

(15,318

)

At 31 March 2025

258,613

148,631

407,244

DEPRECIATION

At 1 April 2024

82,755

91,835

174,590

Charge for year

5,173

13,351

18,524

Eliminated on disposal

-

(9,280

)

(9,280

)

At 31 March 2025

87,928

95,906

183,834

NET BOOK VALUE

At 31 March 2025

170,685

52,725

223,410

At 31 March 2024

175,858

36,295

212,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,886,105

1,147,448

Other debtors

243,387

162,458

2,129,492

1,309,906

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

60,650

60,989

Trade creditors

1,501,668

1,025,500

Taxation and social security

229,723

199,674

Other creditors

114,752

126,829

1,906,793

1,412,992

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

40,000

100,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

33,219

41,719

Between one and five years

55,617

84,818

88,836

126,537

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

100,650

160,989

The bank loan is partially secured over the assets of the company.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by CSD EOT Limited, a company registered in England and Wales, as trustee of the Employee Ownership Trust.