Company registration number:
NI623311
Coolestone Limited
Unaudited filleted abridged financial statements
31 March 2025
Coolestone Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Coolestone Limited
Directors and other information
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Director |
Mr Alan Herron |
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Company number |
NI623311 |
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Registered office |
26 Coole Road |
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Dungannon |
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BT761 5DP |
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Accountants |
ASM (D) Ltd |
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79 Cunninghams Lane |
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Dungannon |
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Co Tyrone |
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BT71 6BX |
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Coolestone Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Coolestone Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coolestone Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of Coolestone Limited, as a body, in accordance with the terms of our engagement letter dated 25 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Coolestone Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coolestone Limited and its director as a body for our work or for this report.
It is your duty to ensure that Coolestone Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coolestone Limited. You consider that Coolestone Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Coolestone Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ASM (D) Ltd
Chartered Accountants
79 Cunninghams Lane
Dungannon
Co Tyrone
BT71 6BX
22 December 2025
Coolestone Limited
Abridged statement of financial position
31 March 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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560,188 |
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546,127 |
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________ |
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________ |
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560,188 |
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546,127 |
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Current assets |
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Stocks |
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1,400,000 |
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1,285,000 |
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Debtors |
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226,729 |
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261,830 |
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Cash at bank and in hand |
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227,172 |
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228,901 |
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________ |
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________ |
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1,853,901 |
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1,775,731 |
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Creditors: amounts falling due |
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within one year |
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(
413,019) |
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588,348) |
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________ |
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________ |
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Net current assets |
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1,440,882 |
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1,187,383 |
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________ |
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Total assets less current liabilities |
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2,001,070 |
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1,733,510 |
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Creditors: amounts falling due |
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after more than one year |
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6 |
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31,623) |
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(
56,726) |
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Provisions for liabilities |
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(
76,696) |
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(
59,621) |
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________ |
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Net assets |
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1,892,751 |
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1,617,163 |
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________ |
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________ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
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Profit and loss account |
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1,892,651 |
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1,617,063 |
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________ |
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Shareholders funds |
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1,892,751 |
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1,617,163 |
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________ |
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________ |
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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:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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 Alan Herron
Director
Company registration number:
NI623311
Coolestone 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 N Ireland. The address of the registered office is 26 Coole Road, Dungannon, BT761 5DP.
2.
Statement of compliance
The company's accounts have been prepared in compliance with FRS 102 as it applies to the accounts of the company for the year ended 31 March 2025.
3.
Accounting policies
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:
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Freehold property |
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5 % |
straight line |
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Plant and machinery |
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20 % |
reducing balance |
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Fittings fixtures and equipment |
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20 % |
reducing balance |
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Motor vehicles |
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20 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2024:
10
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5.
Tangible assets
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£ |
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Cost |
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At 1 April 2024 |
833,607 |
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Additions |
139,026 |
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Disposals |
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71,300) |
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________ |
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At 31 March 2025 |
901,333 |
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Depreciation |
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At 1 April 2024 |
287,480 |
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Charge for the year |
68,951 |
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Disposals |
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15,286) |
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________ |
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At 31 March 2025 |
341,145 |
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________ |
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Carrying amount |
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At 31 March 2025 |
560,188 |
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________ |
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At 31 March 2024 |
546,127 |
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________ |
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6.
Creditors: amounts falling due after more than one year
The bank loan of £13,071 (2024: £73,967) is secured by a fixed and floating charge over the assets of the company.