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Registration number: 10989255

Cool Performance Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2024

Cool Performance Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Cool Performance Limited

(Registration number: 10989255)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 40 | 1,343
Current assets |  |  |
Debtors | 5 | 335,770 | 123,732
Cash at bank and in hand |  | 25,335 | 37,203
|  | 361,105 | 160,935
Creditors: Amounts falling due within one year | 6 | (206,123) | (103,075)
Net current assets |  | 154,982 | 57,860
Net assets |  | 155,022 | 59,203
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 155,021 | 59,202
Shareholders' funds |  | 155,022 | 59,203

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 April 2026

Mr O Norris Director |  |

Cool Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cool Performance
The Old Church School
Butts Hill
Frome
Somerset
BA11 1HR

These financial statements were authorised for issue by the director on 7 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. As at the date of signing the financial statements, the director confirms that the company is in a position to meet its liabilities for a period of 12 months and that there are no foreseeable events which may give rise to liabilities which exceeds the company’s ability to pay.

Cool Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Key sources of estimation uncertainty

In the application of the company's accounting policies the director(s) are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the company retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cool Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

Cool Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 October 2023 | 50,595 | 50,595
At 30 September 2024 | 50,595 | 50,595
Depreciation
At 1 October 2023 | 49,252 | 49,252
Charge for the year | 1,303 | 1,303
At 30 September 2024 | 50,555 | 50,555
Carrying amount
At 30 September 2024 | 40 | 40
At 30 September 2023 | 1,343 | 1,343

Cool Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5 | Debtors

| Note | 2024 £ | 2023 £
Trade debtors |  | 169,809 | 51,905
Amounts owed by related parties | 8 | 75,754 | 36,328
Other debtors |  | 90,207 | 34,157
Prepayments |  | - | 1,342
|  | 335,770 | 123,732

6 | Creditors

Due within one year | Note | 2024 £ | 2023 £
Loans and borrowings | 7 | 3,544 | -
Trade creditors |  | - | 64,249
Social security and other taxes |  | 95,826 | 23,457
Other creditors |  | 25,567 | 12,261
Accruals |  | 81,186 | 3,108
|  | 206,123 | 103,075

7 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank overdrafts | 3,544 | -

Cool Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8 | Related party transactions

Loans to related parties

2024 | Key management £ | Total £
At start of period | 36,328 | 36,328
Advanced | 139,426 | 139,426
Repaid | (100,000) | (100,000)
At end of period | 75,754 | 75,754

2023 | Key management £ | Total £
At start of period | 8,634 | 8,634
Advanced | 56,605 | 56,605
Repaid | (28,911) | (28,911)
At end of period | 36,328 | 36,328

Terms of loans to related parties

Loans to related parties are repayable on demand and interest is charged at the HMRC approved rate of interest.