REGISTERED NUMBER: 02646249 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cool Van Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Butterworth

Mrs N Warburton

C J Warburton

Mrs J Uttley

SECRETARY:

C J Warburton

REGISTERED OFFICE:

2 York Street

Clitheroe

Lancashire

BB7 2DL

REGISTERED NUMBER:

02646249 (England and Wales)

ACCOUNTANTS:

FS Accountants Limited

2 York Street

Clitheroe

Lancashire

BB7 2DL

FIXED ASSETS

Intangible assets

4

51,970

4,675

Tangible assets

5

685,187

488,517

737,157

493,192

CURRENT ASSETS

Stocks

1,557,725

1,374,013

Debtors

602,431

385,608

Cash at bank

568,819

783,769

2,728,975

2,543,390

CREDITORS

Amounts falling due within one year

1,148,623

614,721

NET CURRENT ASSETS

1,580,352

1,928,669

TOTAL ASSETS LESS CURRENT LIABILITIES

2,317,509

2,421,861

CREDITORS

Amounts falling due after more than one year

(374,878

)

(798,477

)

PROVISIONS FOR LIABILITIES

(171,297

)

(73,023

)

NET ASSETS

1,771,334

1,550,361

CAPITAL AND RESERVES

Called up share capital

17,002

17,002

Retained earnings

1,754,332

1,533,359

SHAREHOLDERS' FUNDS

1,771,334

1,550,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 June 2025 and were signed on its behalf by:

C J Warburton - Director

1.	STATUTORY INFORMATION

Cool Van 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.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Goodwill is amortised at 10% on the straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

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.

Plant and machinery etc

-

15% on reducing balance and Written down to residual value over HP

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 25 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

53,269

Additions

53,533

At 31 December 2024

106,802

AMORTISATION

At 1 January 2024

48,594

Amortisation for year

6,238

At 31 December 2024

54,832

NET BOOK VALUE

At 31 December 2024

51,970

At 31 December 2023

4,675

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

964,596

Additions

606,415

Disposals

(573,455

)

At 31 December 2024

997,556

DEPRECIATION

At 1 January 2024

476,079

Charge for year

83,423

Eliminated on disposal

(247,133

)

At 31 December 2024

312,369

NET BOOK VALUE

At 31 December 2024

685,187

At 31 December 2023

488,517

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

Totals

£

COST

At 1 January 2024

744,033

Additions

586,539

Disposals

(573,455

)

At 31 December 2024

757,117

DEPRECIATION

At 1 January 2024

328,725

Charge for year

69,460

Eliminated on disposal

(247,133

)

At 31 December 2024

151,052

NET BOOK VALUE

At 31 December 2024

606,065

At 31 December 2023

415,308

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Warburton.