Cool Solutions Refrigeration And Air Conditioning Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05714159

Cool Solutions Refrigeration And Air Conditioning Limited

Filleted Unaudited Financial Statements

31 March 2025

Cool Solutions Refrigeration And Air Conditioning Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	4,500	9,000
Tangible assets	6	70,819	51,317
		--------	--------
		75,319	60,317

Current assets

Stocks		10,000	5,000
Debtors	7	215,412	291,848
Cash at bank and in hand		13,457	7,966
		---------	---------
		238,869	304,814

Creditors: amounts falling due within one year	8	243,241	281,020
		---------	---------
Net current (liabilities)/assets		( 4,372)	23,794
		--------	--------
Total assets less current liabilities		70,947	84,111

Creditors: amounts falling due after more than one year	9	107,355	102,602
		---------	---------
Net liabilities		( 36,408)	( 18,491)
		---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 37,408)	( 19,491)
	--------	--------
Shareholders deficit	( 36,408)	( 18,491)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cool Solutions Refrigeration And Air Conditioning Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr A Caddick
Director

Company registration number: 05714159

Cool Solutions Refrigeration And Air Conditioning Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 13 (Storage Giant), 821 Bath Road, Brislington, Bristol, BS4 5NL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

Disclosures in respect of financial instruments have not been presented.

Revenue recognition

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

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

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

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts 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.

Defined contribution plans

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	90,000
	--------
Amortisation
At 1 April 2024	81,000
Charge for the year	4,500
	--------
At 31 March 2025	85,500
	--------
Carrying amount
At 31 March 2025	4,500
	--------
At 31 March 2024	9,000
	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	2,162	3,880	85,929	7,944	99,915
Additions	–	–	42,915	–	42,915
	-------	-------	---------	-------	---------
At 31 March 2025	2,162	3,880	128,844	7,944	142,830
	-------	-------	---------	-------	---------
Depreciation
At 1 April 2024	2,021	3,516	36,594	6,467	48,598
Charge for the year	25	64	23,063	261	23,413
	-------	-------	---------	-------	---------
At 31 March 2025	2,046	3,580	59,657	6,728	72,011
	-------	-------	---------	-------	---------
Carrying amount
At 31 March 2025	116	300	69,187	1,216	70,819
	-------	-------	---------	-------	---------
At 31 March 2024	141	364	49,335	1,477	51,317
	-------	-------	---------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	135,533	205,025
Other debtors	79,879	86,823
	---------	---------
	215,412	291,848
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,537	6,953
Trade creditors	82,314	167,364
Social security and other taxes	36,614	8,042
Other loans	7,317	5,091
Other creditors	112,459	93,570
	---------	---------
	243,241	281,020
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	45,979	56,818
Other creditors	61,376	45,784
	---------	---------
	107,355	102,602
	---------	---------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A Caddick	53,359	( 1,437)	51,922
	--------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A Caddick	54,899	( 1,540)	53,359
	--------	-------	--------