Registration number: 03603321

Cool Ginger & Co Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Cool Ginger & Co Limited

Company Information

Directors

Mrs J Harris Mr G Harris

Company secretary

Mrs J Harris

Registered office

20-22 Wenlock Road London N1 7GU

Accountants

Brookes Sivyer Chartered AccountantsPO Box 533 Newquay Cornwall TR7 9DJ

Cool Ginger & Co Limited

(Registration number: 03603321)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	125,871	148,975
Current assets
Debtors	5	31,192	30,299
Cash at bank and in hand		4,980	4,461
		36,172	34,760
Creditors: Amounts falling due within one year	6	(443,485)	(602,023)
Net current liabilities		(407,313)	(567,263)
Total assets less current liabilities		(281,442)	(418,288)
Creditors: Amounts falling due after more than one year	6	(24,484)	(30,383)
Provisions for liabilities		(1,078)	-
Net liabilities		(307,004)	(448,671)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(307,104)	(448,771)
Shareholders' deficit		(307,004)	(448,671)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:
 

Cool Ginger & Co Limited

(Registration number: 03603321)
Balance Sheet as at 31 March 2025

......................................... Mrs J Harris Company secretary and director

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

These financial statements were authorised for issue by the Board on 9 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvments	Over the period of the lease
Plant and machinery	20% Straight line basis
Motor vehicles	25% Reducing balance method
Office equipment	33% Straight line basis
Furniture and fittings	20% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2024 - 20).

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	349,547	106,299	12,492	468,338
Additions	-	5,038	-	5,038
Disposals	-	(92,152)	(11,345)	(103,497)
At 31 March 2025	349,547	19,185	1,147	369,879
Depreciation
At 1 April 2024	212,792	95,771	10,800	319,363
Charge for the year	15,195	3,382	-	18,577
Eliminated on disposal	-	(84,279)	(9,653)	(93,932)
At 31 March 2025	227,987	14,874	1,147	244,008
Carrying amount
At 31 March 2025	121,560	4,311	-	125,871
At 31 March 2024	136,755	10,528	1,692	148,975

Included within the net book value of land and buildings above is £121,560 (2024 - £136,755) in respect of short leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Prepayments	30,460	30,299
Other debtors	732	-
	31,192	30,299

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	233,340	426,799
Trade creditors		47,993	55,494
Taxation and social security		52,741	26,541
Accruals and deferred income		4,800	2,400
Other creditors		104,611	90,789
		443,485	602,023

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	24,484	30,383

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	2	2	2	2

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	24,484	30,383

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,908	5,892
Other borrowings	227,432	420,907
	233,340	426,799

Bank borrowings

Bank loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 1 February 2030. The carrying amount at year end is £30,392 (2024 - £36,275). The bank loan is unsecured

Cool Ginger & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	27,908	34,667

10	Transition to FRS 102

In preparing these financial statements, the company has considered the recognition, measurement and disclosure requirements of FRS 102 Section 1A. No material adjustments were required to the amounts previously reported under FRS 105, and accordingly the comparative figures presented have not been materially restated.