REGISTERED NUMBER: 04987470 (England and Wales)

COOLING COMPONENTS LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P R Vernon

P J Vernon

Mrs S Baggott

P Baggott

SECRETARY:

Mrs P R Vernon

REGISTERED OFFICE:

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

REGISTERED NUMBER:

04987470 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

28,116

37,111

CURRENT ASSETS

Stocks

290,782

218,034

Debtors

5

787,669

821,322

Cash at bank

503,724

297,064

1,582,175

1,336,420

CREDITORS

Amounts falling due within one year

6

980,000

861,894

NET CURRENT ASSETS

602,175

474,526

TOTAL ASSETS LESS CURRENT LIABILITIES

630,291

511,637

CREDITORS

Amounts falling due after more than one year

7

-

(20,121

)

PROVISIONS FOR LIABILITIES

(7,030

)

(9,278

)

NET ASSETS

623,261

482,238

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

623,061

482,038

SHAREHOLDERS' FUNDS

623,261

482,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 November 2025 and were signed on its behalf by:

P J Vernon - Director

1.	STATUTORY INFORMATION

Cooling Components 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

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

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 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2024

768

66,533

76,526

143,827

Additions

-

620

-

620

At 31 May 2025

768

67,153

76,526

144,447

DEPRECIATION

At 1 June 2024

768

42,483

63,465

106,716

Charge for year

-

4,436

5,179

9,615

At 31 May 2025

768

46,919

68,644

116,331

NET BOOK VALUE

At 31 May 2025

-

20,234

7,882

28,116

At 31 May 2024

-

24,050

13,061

37,111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

757,235

805,749

Other debtors

12,190

2,644

Directors' current accounts

8,000

-

Prepayments

10,244

12,929

787,669

821,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,391

20,270

Trade creditors

440,815

275,405

Social security and other taxes

205,018

161,849

Invoice factoring liability

167,868

327,813

Accrued expenses

145,908

76,557

980,000

861,894

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

20,121

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

20,391

40,391

Invoice Finance

167,868

327,813

188,259

368,204

The bank loan and overdraft is secured by a debenture over the company's assets.

The invoice finance is secured against the company's trade debtors.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

P J Vernon

Balance outstanding at start of year

-

-

Amounts advanced

8,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,000

-