Company No: 02897548 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,732		2,825
Investments	4	690,601		494,601
		692,333		497,426
Current assets
Debtors	5	1,726,288		1,237,543
Cash at bank and in hand		1,700,021		1,595,105
		3,426,309		2,832,648
Creditors: amounts falling due within one year	6	( 2,250,094)		( 1,550,274)
Net current assets		1,176,215		1,282,374
Total assets less current liabilities		1,868,548		1,779,800
Provision for liabilities		( 150)		( 226)
Net assets		1,868,398		1,779,574
Capital and reserves
Called-up share capital	7	1		1
Capital redemption reserve		1		1
Profit and loss account		1,868,396		1,779,572
Total shareholders' funds		1,868,398		1,779,574

For the financial year ending 31 July 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cargo Refrigeration Ltd (registered number: 02897548) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

E Leon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cargo Refrigeration Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Purbeck House, New Harbour Road South, Poole, BH15 4AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 August 2024	189,300		23,778		1,767		214,845
At 31 July 2025	189,300		23,778		1,767		214,845
Accumulated depreciation
At 01 August 2024	187,740		23,321		959		212,020
Charge for the financial year	390		114		589		1,093
At 31 July 2025	188,130		23,435		1,548		213,113
Net book value
At 31 July 2025	1,170		343		219		1,732
At 31 July 2024	1,560		457		808		2,825

4. Fixed asset investments

	Investments in joint ventures		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 August 2024	3,101		491,500		494,601
Additions	0		196,000		196,000
At 31 July 2025	3,101		687,500		690,601
Carrying value at 31 July 2025	3,101		687,500		690,601
Carrying value at 31 July 2024	3,101		491,500		494,601

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.07.2025	Ownership 31.07.2024
Purbeck House Management Ltd	Purbeck House, New Harbour Road South, Poole, Dorset, BH15 4AJ	Management and Administration of Purbeck House	Ordinary £1	79.00%	79.00%

5. Debtors

	2025		2024
	£		£
Trade debtors	1,605,443		1,115,812
Other debtors	120,845		121,731
	1,726,288		1,237,543

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,164,563		1,459,909
Taxation and social security	75,582		79,446
Other creditors	9,949		10,919
	2,250,094		1,550,274

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each	1		1

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors Loan Account	27,566		34,089