Coolsands Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI068395

COOLSANDS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

COOLSANDS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

CURRENT ASSETS

Debtors	4	5	45,692
Cash at bank and in hand		2,609	2,542
		-------	--------
		2,614	48,234

CREDITORS: amounts falling due within one year	5	6,106		50,719
		-------		--------
NET CURRENT LIABILITIES			3,492	2,485
			-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 3,492)	( 2,485)
			-------	-------
NET LIABILITIES			( 3,492)	( 2,485)
			-------	-------

CAPITAL AND RESERVES

Called up share capital	5	5
Profit and loss account	( 3,497)	( 2,490)
	-------	-------
SHAREHOLDERS DEFICIT	( 3,492)	( 2,485)
	-------	-------

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 comprehensive income 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.

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 .

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr Martin McConaghy
Director

Company registration number: NI068395

COOLSANDS 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 Northern Ireland. The address of the registered office is 12 Tarry Lane, Lurgan, Co Armagh, BT67 9LQ.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

4. DEBTORS

	2025	2024
	£	£
Other debtors	5	45,692
	----	--------

5. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,266	49,999
Other creditors	840	720
	-------	--------
	6,106	50,719
	-------	--------

6. RELATED PARTY TRANSACTIONS

The company loan of £45,687 to Mr A McConaghy was fully repaid during the year. This loan is at the official rate of interest of 2.25%.