General Information
Cool Places Limited is a private company, limited by shares, registered in England and Wales, registration number 07882170, registration address Summit House, 170 Finchley Road London, NW3 6BP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors will continue to support the company for at least 12 months and believe it can continue for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
732 |
|
732 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2025 |
732 |
|
732 |
| Depreciation |
| At 01 January 2025 |
508 |
|
508 |
| Charge for year |
224 |
|
224 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
732 |
|
732 |
| Net book values |
| Closing balance as at 31 December 2025 |
- |
|
- |
| Opening balance as at 01 January 2025 |
224 |
|
224 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
16,885 |
|
18,522 |
|
16,885 |
|
18,522 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
14,122 |
|
24,090 |
| Prepayments & Accrued Income |
81 |
|
73 |
| PAYE & Social Security |
492 |
|
- |
|
14,695 |
|
24,163 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
6,899 |
|
18,264 |
| PAYE & Social Security |
- |
|
2,947 |
| Accrued Expenses |
1,106 |
|
- |
| Other Creditors |
59,000 |
|
59,000 |
| Directors' Current Accounts |
125,089 |
|
125,089 |
| VAT |
2,164 |
|
3,610 |
|
194,258 |
|
208,910 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Pension Provisions |
- |
|
568 |
|
- |
|
568 |
|
| 8. |
Share Premium Account
|
2025
£ |
|
2024
£ |
| Equity Share Premium b/fwd |
101,119 |
|
101,119 |
|
101,119 |
|
101,119 |
|
2
|