Company Registration No. 06766541 (England and Wales)
Cool-Lec Ltd
Financial Statements
for the year ended 31 December 2025
PAGES FOR FILING WITH REGISTRAR
COOL-LEC LTD
Cool-Lec Ltd
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
COOL-LEC LTD
Cool-Lec Ltd
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,350
33,280
Current assets
Stocks
54,024
46,483
Debtors
404,483
495,418
Cash at bank and in hand
37,841
147,881
496,348
689,782
Creditors: amounts falling due within one year
(135,669)
(334,188)
Net current assets
360,679
355,594
Total assets less current liabilities
385,029
388,874
Creditors: amounts falling due after more than one year
(449)
(15,585)
Provisions for liabilities
4
(6,087)
(6,604)
Net assets
378,493
366,685
Capital and reserves
Called up share capital
5
200
200
Profit and loss reserves
378,293
366,485
Total equity
378,493
366,685
COOL-LEC LTD
Cool-Lec Ltd
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 April 2026 and are signed on its behalf by:
P Hume
Director
Company registration number 06766541 (England and Wales)
Cool-Lec Ltd
Notes to the financial statements
for the year ended 31 December 2025
- 3 -
1
Accounting policies
Company information

Cool-Lec Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1E, Ladyship Business Park, Mill Lane, Halifax, West Yorkshire, HX3 6TA.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computer equipment
4 years straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Cool-Lec Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement on a straight line basis over the period of the lease.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
14
3
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 1 January 2025
1,335
66,255
67,590
Disposals
-
0
(4,010)
(4,010)
At 31 December 2025
1,335
62,245
63,580
Depreciation and impairment
At 1 January 2025
1,335
32,975
34,310
Depreciation charged in the year
-
0
8,136
8,136
Eliminated in respect of disposals
-
0
(3,216)
(3,216)
At 31 December 2025
1,335
37,895
39,230
Cool-Lec Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 December 2025
3
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
(Continued)
- 5 -
Carrying amount
At 31 December 2025
-
0
24,350
24,350
At 31 December 2024
-
0
33,280
33,280
4
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
6,087
6,604
5
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
200
200
6
Parent company

The company is a wholly owned subsidiary of Cool-lec Holdings Ltd, a company registered in England & Wales whose registered office is Unit 1E Ladyship Business Park, Mill Lane, Halifax, HX3 6TN.

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