COOLEY'S LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI042231

COOLEY'S LIMITED

Filleted Unaudited Financial Statements

31 March 2025

COOLEY'S LIMITED

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	98,330	107,234

Current assets

Stocks		100,846	113,810
Debtors	6	427,384	324,105
Cash at bank and in hand		273,211	299,787
		---------	---------
		801,441	737,702

Creditors: amounts falling due within one year	7	198,831	281,390
		---------	---------
Net current assets		602,610	456,312
		---------	---------
Total assets less current liabilities		700,940	563,546

Provisions

Taxation including deferred tax	20,024	20,024
	---------	---------
Net assets	680,916	543,522
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	680,816	543,422
	---------	---------
Shareholders funds	680,916	543,522
	---------	---------

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 31st 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

COOLEY'S LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr C Cooley	Mr S Cooley
Director	Director

Company registration number: NI042231

COOLEY'S LIMITED

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 200 Andersonstown Road, Belfast, BT11 9EB.

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 are prepared on the going concern basis, under the historical cost convention, and comply with the financial reporting standards of the Financial Reporting Council and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Long leasehold property	-	2% straight line
Short leasehold property	-	10% straight line
Plant & Machinery	-	15% reducing balance
Fixtures & Fittings	-	15% 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.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Trade and other debtors

Trade and other debtors including amounts owed by group companies are recognised initially at transaction price. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.

Cash and cash equivalents

Cash and equivalents include cash on hand and demand deposits. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.

Trade creditors and accruals

Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transition price and subsequently at amortised cost.

Share capital

Ordinary shares are classified as equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 35 (2024: 37 ).

5. Tangible assets

	Long leasehold property	Short leasehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024 and 31 Mar 2025	53,177	1,366	111,359	26,432	2,148	194,482
	--------	-------	---------	--------	-------	---------
Depreciation
At 1 Apr 2024	13,719	357	54,497	17,783	892	87,248
Charge for the year	2,127	101	5,686	865	125	8,904
	--------	-------	---------	--------	-------	---------
At 31 Mar 2025	15,846	458	60,183	18,648	1,017	96,152
	--------	-------	---------	--------	-------	---------
Carrying amount
At 31 Mar 2025	37,331	908	51,176	7,784	1,131	98,330
	--------	-------	---------	--------	-------	---------
At 31 Mar 2024	39,458	1,009	56,862	8,649	1,256	107,234
	--------	-------	---------	--------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	10,842	10,446
Other debtors	416,542	313,659
	---------	---------
	427,384	324,105
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	124,702	198,921
Corporation tax	38,662	46,643
Social security and other taxes	5,119	5,977
Other creditors	30,348	29,849
	---------	---------
	198,831	281,390
	---------	---------

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities.