Be Cool (Carlisle) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05201176 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Be Cool (Carlisle) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Wardrope

Mrs E Wardrope

REGISTERED OFFICE:

7 Oak Lane

Parkland Village

Carlisle

Cumbria

CA1 3SW

REGISTERED NUMBER:

05201176 (England and Wales)

ACCOUNTANTS:

James W A Cruickshank & Co

Chartered Accountants

Chartered Tax Advisers

Inglewood

Wreay

Carlisle

Cumbria

CA4 0RL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

47,346

9,419

47,346

9,419

CURRENT ASSETS

Debtors

7,681

4,762

Cash at bank

40,915

35,045

48,596

39,807

CREDITORS

Amounts falling due within one year

55,426

33,595

NET CURRENT (LIABILITIES)/ASSETS

(6,830

)

6,212

TOTAL ASSETS LESS CURRENT LIABILITIES

40,516

15,631

PROVISIONS FOR LIABILITIES

8,996

1,788

NET ASSETS

31,520

13,843

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

31,518

13,841

SHAREHOLDERS' FUNDS

31,520

13,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2022 and were signed on its behalf by:

D Wardrope - Director

1.	STATUTORY INFORMATION

Be Cool (Carlisle) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over it's estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 5 Years straight line

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

and 31 October 2022

3,600

AMORTISATION

At 1 November 2021

and 31 October 2022

3,600

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

22,854

Additions

45,630

At 31 October 2022

68,484

DEPRECIATION

At 1 November 2021

13,435

Charge for year

7,703

At 31 October 2022

21,138

NET BOOK VALUE

At 31 October 2022

47,346

At 31 October 2021

9,419

6.	FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it's liabilities.