Coldstar_Refrigeration_Ltd_31_Jul_2025_companies_house_set_of

Coldstar Refrigeration Ltd

Statement of Financial Position

31 July 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	103,580		34,865
Current assets
Stocks		6,000		6,000
Debtors	6	369,541		451,403
Cash at bank and in hand		541,065		750,807
		916,606		1,208,210
Creditors: amounts falling due within one year	7	(456,613	)	(595,574	)
Net current assets		459,993		612,636
Total assets less current liabilities		563,573		647,501
Creditors: amounts falling due after more than one year	8	(52,269	)	(2,279	)
Provisions for liabilities		(11,095	)	(8,716	)
Net assets		500,209		636,506
Capital and reserves
Called up share capital		4		3
Profit and loss account		500,205		636,503
Shareholders funds		500,209		636,506

For the year ending

31 July 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

4 December 2025

, and are signed on behalf of the board by:

Mr J Burton

Director

Company registration number:

08145485

Coldstar Refrigeration Ltd

Notes to the Financial Statements

Year ended

31 July 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Unit 12 Westside Business Park

Estate Road No 2

Grimsby

North East Lincolnshire

DN31 2TG

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, 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.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

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

Plant and machinery	25% straight line
Fixtures, fittings and equipment	25% straight line
Motor vehicles	25% reducing balance

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 stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

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.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

12.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 August 2024	72,761
Additions	81,615
At 31 July 2025	154,376
Depreciation
At 1 August 2024	37,896
Charge	12,900
At 31 July 2025	50,796
Carrying amount
At 31 July 2025	103,580
At 31 July 2024	34,865

6 Debtors

	2025	2024
	£	£
Trade debtors	352,722	447,115
Other debtors	16,819	4,288
	369,541	451,403

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	153,173	239,299
Taxation and social security	153,821	187,364
Other creditors	149,619	168,911
	456,613	595,574

Included in other creditors are Hire Purchase Liabilities of £11,227 (2023: £3,908), which are secured on the assets to which they relate.

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	52,269		2,279

Included in other creditors are Hire Purchase Liabilities of £52,018 (2023: £2,279), which are secured on the assets to which they relate.