Company Registration No. 4985133 (England and Wales)
Cool Un Ltd
Annual report and unaudited accounts
for the year ended 31 December 2016
Cool Un Ltd
Annual report and unaudited accounts
Contents
Cool Un Ltd
Company Information
for the year ended 31 December 2016
Directors
Mr P Davies
Mrs C Davies
Company Number
4985133 (England and Wales)
Registered Office
6 Hawkside
Wilnecote
Tamworth
STAFFS
B77 4HW
United Kingdom
Accountants
R&S Accounts Ltd
9 Emberton Way
Amington Fields
Tamworth
STAFFS
B77 3QQ
Cool Un Ltd
Statement of financial position
as at 31 December 2016
Tangible assets
2,950
2,357
Cash at bank and in hand
64,209
47,160
Creditors: amounts falling due within one year
(29,517)
(19,214)
Net current assets
44,952
33,515
Called up share capital
10
10
Profit and loss account
47,892
35,862
Shareholders' funds
47,902
35,872
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 27 January 2017.
Mr P Davies
Director
Company Registration No. 4985133
Cool Un Ltd
Statement of Changes in Equity
as at 31 December 2016
Share
capital
Profit
& loss
account
Total
At 1 January 2015
10
19,705
19,715
Profit for the year
36,157
36,157
Dividends
(20,000)
(20,000)
At 31 December 2015
10
35,862
35,872
At 1 January 2016
10
35,862
35,872
Profit for the year
42,330
42,330
Dividends
(30,300)
(30,300)
At 31 December 2016
10
47,892
47,902
Cool Un Ltd
Notes to the Accounts
for the year ended 31 December 2016
Cool Un Ltd is a private company, limited by shares, registered in England and Wales, registration number 4985133. The registered office and principal place of business is 6 Hawkside , Wilnecote, Tamworth, STAFFS, B77 4HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
40% (first year), then 25% reducing balance
Cool Un Ltd
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Computer equipment
At 31 December 2016
16,740
At 31 December 2016
13,790
Trade debtors
10,260
5,569
6
Creditors: amounts falling due within one year
2016
2015
Corporation tax
10,434
9,168
Other taxes and social security costs
4,553
3,355
Loans from directors
14,530
6,691
7
Average number of employees
During the year the average number of employees was 2 (2015: 2).
