REGISTERED NUMBER: 04934782 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

K J Refrigeration Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

K Jones

Mrs J Jones

SECRETARY:

Mrs J Jones

REGISTERED OFFICE:

Unit 15

Castle Park Road

Whiddon Valley

Barnstaple

Devon

EX32 8PA

REGISTERED NUMBER:

04934782 (England and Wales)

ACCOUNTANTS:

Haines Watts

9 Western Road

Launceston

Cornwall

PL15 7AR

FIXED ASSETS

Tangible assets

4

303,083

228,103

CURRENT ASSETS

Stocks

269,174

277,723

Debtors

5

593,647

384,695

Cash at bank and in hand

1,371,168

1,152,826

2,233,989

1,815,244

CREDITORS

Amounts falling due within one year

6

955,767

863,975

NET CURRENT ASSETS

1,278,222

951,269

TOTAL ASSETS LESS CURRENT LIABILITIES

1,581,305

1,179,372

CREDITORS

Amounts falling due after more than one year

7

(124,623

)

(133,357

)

PROVISIONS FOR LIABILITIES

(57,738

)

(49,029

)

NET ASSETS

1,398,944

996,986

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,398,942

996,984

1,398,944

996,986

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 9 December 2025 and were signed on its behalf by:

Mrs J Jones - Director

K Jones - Director

1.	STATUTORY INFORMATION

K J Refrigeration 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.

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.

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.

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.

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 31 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

546,145

Additions

154,094

Disposals

(34,138

)

At 31 March 2025

666,101

DEPRECIATION

At 1 April 2024

318,042

Charge for year

73,082

Eliminated on disposal

(28,106

)

At 31 March 2025

363,018

NET BOOK VALUE

At 31 March 2025

303,083

At 31 March 2024

228,103

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

Plant and

machinery

etc

£

COST

At 1 April 2024

198,454

Additions

152,246

At 31 March 2025

350,700

DEPRECIATION

At 1 April 2024

72,888

Charge for year

58,503

At 31 March 2025

131,391

NET BOOK VALUE

At 31 March 2025

219,309

At 31 March 2024

125,566

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

586,980

373,323

Other debtors

6,667

11,372

593,647

384,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

76,499

49,075

Trade creditors

315,999

237,409

Taxation and social security

280,510

164,559

Other creditors

282,759

412,932

955,767

863,975

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

74,623

33,357

Other creditors

50,000

100,000

124,623

133,357

8.	SECURED DEBTS

National Westminster Bank Plc have a fixed and floating charge over all of the company's assets to secure the overdraft facility.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs J Jones and K Jones

Balance outstanding at start of year

3,550

3,550

Amounts advanced

187,566

181,955

Amounts repaid

(208,315

)

(181,955

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(17,199

)

3,550

The directors loan is interest free and repayable to the directors on demand.

10.	RELATED PARTY DISCLOSURES

During the year market rent was paid to the directors, totalling £40,750 (last year £40,750), for the use of the 3 units occupied by the business. No formal lease exists

11.	ULTIMATE CONTROLLING PARTY

K and Mrs J Jones, by virtue of their shareholdings and directorship, control the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of K J Refrigeration Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of K J Refrigeration Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K J Refrigeration Ltd and state those matters that we have agreed to state to the Board of Directors of K J Refrigeration Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K J Refrigeration Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that K J Refrigeration Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of K J Refrigeration Ltd. You consider that K J Refrigeration Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of K J Refrigeration Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

9 Western Road

Launceston

Cornwall

PL15 7AR

10 December 2025