Galxc Cooling Services Limited

Unaudited Financial Statements

for the Year Ended 31 October 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

428,478

444,397

Investments

5

90

428,568

444,487

CURRENT ASSETS

Stocks

116,447

123,449

Debtors

6

1,144,039

712,992

Cash at bank and in hand

209,552

382,761

1,470,038

1,219,202

CREDITORS

Amounts falling due within one year

7

1,583,905

1,251,722

NET CURRENT LIABILITIES

(113,867

)

(32,520

)

TOTAL ASSETS LESS CURRENT LIABILITIES

314,701

411,967

CREDITORS

Amounts falling due after more than one year

8

(292,666

)

(367,001

)

PROVISIONS FOR LIABILITIES

(15,925

)

(19,012

)

NET ASSETS

6,110

25,954

CAPITAL AND RESERVES

Called up share capital

212

Share premium

4,080

Capital redemption reserve

188

Retained earnings

1,630

21,474

6,110

25,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

ID Hazell - Director

1.	STATUTORY INFORMATION

Galxc Cooling Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05819672

Registered office:

Unit 3 Lulworth Business Centre

Nutwood Way

Totton

Southampton

Hampshire

SO40 3WW

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided and Over the term of the lease

Plant and machinery etc

-

50% on cost and 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a going concern basis. The director's have confirmed they will provide sufficient funding to enable the company to continue trading for at least one year from the date of the approval of these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

390,612

218,127

608,739

Additions

369

2,928

3,297

At 31 October 2025

390,981

221,055

612,036

DEPRECIATION

At 1 November 2024

16,165

148,177

164,342

Charge for year

3,021

16,195

19,216

At 31 October 2025

19,186

164,372

183,558

NET BOOK VALUE

At 31 October 2025

371,795

56,683

428,478

At 31 October 2024

374,447

69,950

444,397

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

90

NET BOOK VALUE

At 31 October 2025

90

At 31 October 2024

90

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

828,589

525,232

Amounts recoverable on contract

8,112

936

Other debtors

307,338

186,824

1,144,039

712,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

222,794

110,777

Hire purchase contracts

17,225

Payments on account

-

225,510

Trade creditors

1,179,634

753,879

Taxation and social security

144,679

136,656

Other creditors

19,573

7,675

1,583,905

1,251,722

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

Bank loans

277,039

334,149

Hire purchase contracts

15,627

32,852

292,666

367,001

Amounts falling due in more than five years:

Repayable by instalments

Mortgage (secured)

211,086

222,600

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

M J Bridgewater

Balance outstanding at start of year

33,848

7,563

Amounts advanced

45,134

26,285

Amounts repaid

(20,417

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

58,565

33,848

ID Hazell

Balance outstanding at start of year

46,376

-

Amounts advanced

105,069

46,376

Amounts repaid

(60,915

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

90,530

46,376

The loans to the directors are unsecured, repayable on demand and subject to interest at a commercial rate.