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Registered number: 08028854
Cool Designs Holdings Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 December 2025
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Cool Designs Holdings Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1
Directors' Report | 2—3
Independent Auditor's Report | 4—7
Consolidated Statement of Income and Retained Earnings | 8
Consolidated Balance Sheet | 9
Company Balance Sheet | 10
Consolidated Statement of Cash Flows | 11
Notes to the Consolidated Statement of Cash Flows | 12
Company Statement of Cash Flows | 13
Notes to the Company Statement of Cash Flows | 14
Notes to the Financial Statements | 15—25

Page 1
Cool Designs Holdings Limited
Strategic Report
For The Year Ended 31 December 2025
Strategic Report
The directors present their strategic report for the year ended 31 December 2025.
Review of the Business
Since the business began the concentration has been on supplying split systems and VRF (DX) to the trade. Decarbonisation focus across the U.K. has lead to a change in building design using large heat pumps in place of some Gas boilers, particularly in public buildings (schools, hospitals). This gave rise to a new focus for our business as we already had the skills in house and products in our portfolio. While we would continue to focus on our core business and growth across the whole of the U.K. we were additionally looking at new areas so we could offer a complete HVAC solution to buildings. To complement our services, we remain REFCOM elite and continue our work with the Woodland Trust for 2025/26 to offset our carbon footprint (3rd party assessed) as well as continuing our support for local charities, working alongside the Newcastle Foundation & Cahonas Scotland where possible.
Principal Risks and Uncertainties
The management do not anticipate any major threats to the core business. Control of business costs is constant and tied to the performance of the business. While we had an increase in costs, they were in line with the growth achieved. We continue to grow and add to our client base ensuring a good spread of customers and also cover numerous business sectors for end users through commercial offices, retail, leisure, and hospitality.
We are also making gradual inroads into residential. Moving into 2026 comes with some uncertainty with hostile environments in the middle east impacting shipping and global manufacturing costs. Rising staffing costs through National Insurance changes will be naturally covered by planned staff retirements, allowing us to keep control of the staffing overhead. Beyond into 2026 we aim to add to our support staff structure giving us a solid foundation for growth as we expand the contractor and sales base.
There has been a risk association with R41 0A refrigerant, though most of our products now have moved across to R32 and the manufacturers we partner are already planning future developments. Short term risks from product availability need to be managed through tight inventory control and project order management as well as strengthening our ties with suppliers to work with them to navigate difficulties.
Development and performance
Balance sheet growth year on year has demonstrated our long-term goal of adding strength and security to the business. It is our continued aim to increase this strength allowing the business to navigate future downturns with minimal impact. As we push in to the expanding areas with high quality products and an excellent inhouse skill base, we anticipate solid growth for the following years. It is anticipated to break our recent turnover ceiling with a double-digit growth period through 2026 as a number of long term projects come to fruition. Across this time we are budgeting an increase to support this growth.
Key performance indicators
Change in turnover 2025 1.7% 2024 (1.8)% 2023 28.9%
Gross profit percentage 2025 21.22% 2024 21.16% 2023 19.68%
On behalf of the board

Mr Darrel Birkett Director
2 July 2026

Page 1
Page 2
Cool Designs Holdings Limited
Company No. 08028854
Directors' Report For The Year Ended 31 December 2025
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2025.
Principal Activity
The group's principal activity continues to be that of designing air conditioning systems and supplying air conditioning products.
Dividends
The value of dividends paid amounted to £635,000 .
The directors recommended a final dividend of £NIL .
Directors
The directors who held office during the year were as follows:

Mr Darrel Birkett
Mrs Jennifer Birkett

Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

Page 2
Page 3
Cool Designs Holdings Limited
Directors' Report (continued)
For The Year Ended 31 December 2025
Independent Auditors
The auditors, Bennett Verby Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr Darrel Birkett Director
2 July 2026

Page 3
Page 4
Independent Auditor's Report
to the Members of
Cool Designs Holdings Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Cool Designs Holdings Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 December 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement, Company Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the group's and of the parent company's affairs as at 31 December 2025 and of the group's profit/(loss) for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Page 4
Page 5
Independent Auditor's Report (continued)
to the Members of
Cool Designs Holdings Limited
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records or returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the group and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.
Page 5
Page 6
Independent Auditor's Report (continued)
to the Members of
Cool Designs Holdings Limited
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the floor cleaning machines sector;
- we focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit;
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to whether they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify and unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
- investigated the rationale behind significant or unusual transactions
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims;
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion..
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Bernard Verby (Senior Statutory Auditor) for and on behalf of Bennett Verby Limited , Statutory Auditor
2 July 2026

...CONTINUED
Page 6
Page 7
Independent Auditor's Report (continued)
to the Members of
Cool Designs Holdings Limited

Bennett Verby Limited Chartered Ceritfied Accountants 7 St Patersgate Stockport Cheshire SK1 1EB

Page 7
Page 8
Cool Designs Holdings Limited
Consolidated Statement of Income and Retained Earnings
For The Year Ended 31 December 2025
Consolidated Statement of Income and Retained Earnings

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 28,436,665 |  | 27,948,496
Cost of sales |  | (22,403,528 ) |  | (22,035,054 )
GROSS PROFIT |  | 6,033,137 |  | 5,913,442
Administrative expenses |  | (4,467,195 ) |  | (4,506,317 )
OPERATING PROFIT | 4 | 1,565,942 |  | 1,407,125
Loss on disposal of fixed assets |  | (35,350 ) |  | -
Interest payable and similar charges | 9 | (248,568 ) |  | (205,154 )
PROFIT BEFORE TAXATION |  | 1,282,024 |  | 1,201,971
Tax on Profit | 10 | (306,201 ) |  | (396,329 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |  | 975,823 |  | 805,642
RETAINED EARNINGS
As at 1 January 2025 |  | 1,749,290 |  | 1,633,648
Dividends paid |  | (635,000) |  | (690,000)
As at 31 December 2025 |  | 2,090,113 |  | 1,749,290

The notes on pages 12 to 25 form part of these financial statements.
Page 8
Page 9
Cool Designs Holdings Limited
Consolidated Balance Sheet
As At 31 December 2025
Consolidated Balance Sheet
Registered number: 08028854

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 11 |  | 3,187,633 |  | 3,194,358
|  |  | 3,187,633 |  | 3,194,358
CURRENT ASSETS
Stocks | 13 | 2,308,858 |  | 2,436,162 |
Debtors | 14 | 5,980,138 |  | 6,194,168 |
Cash at bank and in hand |  | 177,789 |  | 101,362 |
|  | 8,466,785 |  | 8,731,692 |
Creditors: Amounts Falling Due Within One Year | 15 | (8,090,149 ) |  | (8,711,115 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 376,636 |  | 20,577
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,564,269 |  | 3,214,935
Creditors: Amounts Falling Due After More Than One Year | 16 |  | (1,399,120 ) |  | (1,386,119 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 19 |  | (74,936 ) |  | (79,426 )
NET ASSETS |  |  | 2,090,213 |  | 1,749,390
CAPITAL AND RESERVES
Called up share capital | 21 |  | 100 |  | 100
Profit and Loss Account |  |  | 2,090,113 |  | 1,749,290
SHAREHOLDERS' FUNDS |  |  | 2,090,213 |  | 1,749,390

On behalf of the board

Mr Darrel Birkett Director
2 July 2026

The notes on pages 12 to 25 form part of these financial statements.
Page 9
Page 10
Cool Designs Holdings Limited
Company Balance Sheet
As At 31 December 2025
Company Balance Sheet
Registered number: 08028854

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 12 |  | 1,947,481 |  | 1,947,481
|  |  | 1,947,481 |  | 1,947,481
CURRENT ASSETS
Debtors | 14 | 100,750 |  | 100,610 |
Cash at bank and in hand |  | 18,194 |  | 8,680 |
|  | 118,944 |  | 109,290 |
Creditors: Amounts Falling Due Within One Year | 15 | (992,102 ) |  | (920,767 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (873,158 ) |  | (811,477 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,074,323 |  | 1,136,004
Creditors: Amounts Falling Due After More Than One Year | 16 |  | (1,071,125 ) |  | (1,133,022 )
NET ASSETS |  |  | 3,198 |  | 2,982
CAPITAL AND RESERVES
Called up share capital | 21 |  | 100 |  | 100
Profit and Loss Account |  |  | 3,098 |  | 2,882
SHAREHOLDERS' FUNDS |  |  | 3,198 |  | 2,982

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 635,216 (2024: £ 619,373 profit).
On behalf of the board

Mr Darrel Birkett Director
2 July 2026

The notes on pages 12 to 25 form part of these financial statements.
Page 10
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Cool Designs Holdings Limited
Consolidated Statement of Cash Flows
For The Year Ended 31 December 2025
Consolidated Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from operations | 1 | 1,574,725 |  | 1,056,469
Interest paid |  | (248,568 ) |  | (205,154 )
Tax paid |  | (435,105 ) |  | (555,809 )
Net cash generated from operating activities |  | 891,052 |  | 295,506
Cash flows from investing activities
Purchase of tangible assets |  | (219,019 ) |  | (84,232 )
Proceeds from disposal of tangible assets |  | 8,500 |  | -
Net cash used in investing activities |  | (210,519 ) |  | (84,232 )
Cash flows from financing activities
Equity dividends paid |  | (635,000 ) |  | (690,000 )
Repayment of bank borrowings |  | (52,363 ) |  | (46,064 )
Proceeds from new other loans |  | - |  | 541,301
Repayment of finance leases |  | 87,034 |  | (52,228 )
Amount withdrawn by directors |  | (3,777) |  | -
Net cash used in financing activities |  | (604,106 ) |  | (246,991 )
Increase/(decrease) in cash and cash equivalents |  | 76,427 |  | (35,717 )
Cash and cash equivalents at beginning of year | 2 | 101,362 |  | 137,079
Cash and cash equivalents at end of year | 2 | 177,789 |  | 101,362

Page 11
Page 12
Cool Designs Holdings Limited
Notes to the Consolidated Statement of Cash Flows
For The Year Ended 31 December 2025
Notes to the Consolidated Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 975,823 |  | 805,642
Adjustments for:
Tax on profit | 306,201 |  | 396,329
Interest expense | 248,568 |  | 205,154
Depreciation of tangible assets | 181,894 |  | 162,974
Loss on disposal of tangible assets | 35,350 |  | -
Movements in working capital:
Decrease/(increase) in stocks | 127,304 |  | (806,677 )
Decrease in trade and other debtors | 214,030 |  | 375,109
Decrease in trade and other creditors | (514,445 ) |  | (82,062 )
Net cash generated from operations | 1,574,725 |  | 1,056,469

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 177,789 |  | 101,362

3. Analysis of changes in net debt

| As at 1 January 2025 | Cash flows | As at 31 December 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 101,362 | 76,427 | 177,789
Finance leases | (347,172) | (87,034) | (434,206)
Debts falling due within one year | (48,787 ) | (9,534) | (58,321 )
Debts falling due after more than one year | (1,133,022) | 61,897 | (1,071,125)
| (1,427,619) | 41,756 | (1,385,863)

Page 12
Page 13
Cool Designs Holdings Limited
Company Statement of Cash Flows
For The Year Ended 31 December 2025
Company Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from/(used in) operations | 1 | 56,485 |  | (3,662 )
Interest paid |  | (81,203 ) |  | (94,373 )
Tax refunded |  | 21,595 |  | -
Net cash used in operating activities |  | (3,123 ) |  | (98,035 )
Cash flows from investing activities
Dividends received |  | 700,000 |  | 720,000
Cash flows from financing activities
Equity dividends paid |  | (635,000 ) |  | (690,000 )
Repayment of bank borrowings |  | (52,363 ) |  | (46,064 )
Proceeds from new other loans |  | - |  | 114,000
Net cash used in financing activities |  | (687,363 ) |  | (622,064 )
Increase/(decrease) in cash and cash equivalents |  | 9,514 |  | (99 )
Cash and cash equivalents at beginning of year | 2 | 8,680 |  | 8,779
Cash and cash equivalents at end of year | 2 | 18,194 |  | 8,680

Page 13
Page 14
Cool Designs Holdings Limited
Notes to the Company Statement of Cash Flows
For The Year Ended 31 December 2025
Notes to the Company Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 635,216 |  | 619,373
Adjustments for:
Tax on profit | (21,595 ) |  | -
Interest expense | 81,203 |  | 94,373
Income from shares in group undertakings | (700,000) |  | (720,000)
Movements in working capital:
Increase in trade and other debtors | (140 ) |  | (607 )
Increase in trade and other creditors | 61,801 |  | 3,199
Net cash generated from/(used in) operations | 56,485 |  | (3,662 )

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 18,194 |  | 8,680

3. Analysis of changes in net debt

| As at 1 January 2025 | Cash flows | As at 31 December 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 8,680 | 9,514 | 18,194
Debts falling due within one year | (48,787 ) | (9,534) | (58,321 )
Debts falling due after more than one year | (1,133,022) | 61,897 | (1,071,125)
| (1,173,129) | 61,877 | (1,111,252)

Page 14
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Cool Designs Holdings Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Cool Designs Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08028854 . The registered office is East Gateshead Industrial Estate, South Shore Road, Gateshead, NE8 3AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
2.2. Basis Of Consolidation
The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 December 2025.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.
Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.
Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.
Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.
Cool Designs Limited, HMCP Holdings Limited and HM Commercial Properties Limited have been included in the group financial statements using the purchase method of accounting. Accordingly, the group profit and loss account and statement of cash flows include the results and cash flows of these trhree companies for the year.
Page 15
Page 16
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.3. Business Combinations
Business combinations are accounted for by applying the purchase method.
The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.
Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.
On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.
2.4. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the group and parent company's ability to continue as a going concern.
2.5. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Land and buildings acquired as non-cash consideration on the issue of shares are initially measured at fair
value.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 1% reducing balance
Leasehold | 2% and 10% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 15% reducing balance
Computer Equipment | 3 years straight line

2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 16
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Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.9. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.10. Financial Instruments
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or
joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are
subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that
investments in equity instruments that are not publicly traded and whose fair values cannot be measured
reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of
impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the group after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 17
Page 18
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.10. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial
instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at
fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or
cancelled.
2.11. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.12. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.13. Pensions
The group operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 18
Page 19
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.14. Factored debtors
Some of the sales invoices are factored. These invoices are included in trade debtors until the related monies
are received by the factoring company from the customer. The amount due to the factoring company is
included in other creditors.
3. Turnover
Analysis of turnover by class of business is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Sale of goods and services | 28,436,665 |  | 27,948,496

Analysis of turnover by geographical market is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
United Kingdom | 28,436,665 |  | 27,948,496
| 28,436,665 |  | 27,948,496

4. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | - |  | 26,912
Depreciation of tangible fixed assets - owned | 85,254 |  | 95,464
Depreciation of tangible fixed assets - finance leases and hire purchase contracts | 96,640 |  | 67,510

5. Auditor's Remuneration
Remuneration received by the group's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the group and company's financial statements | 27,950 |  | 25,850

6. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 2,293,978 |  | 2,277,792
Social security costs | 297,837 |  | 267,059
Other pension costs | 88,879 |  | 63,572
| 2,680,694 |  | 2,608,423

Page 19
Page 20
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
Office and administration | 50 |  | 49 |  | 2 |  | 2
| 50 |  | 49 |  | 2 |  | 2

8. Directors' remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 19,700 |  | 10,650
Company contributions to money purchase pension schemes | - |  | 20,000
| 19,700 |  | 30,650

9. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 81,205 |  | 94,374
Factoring charges | 123,068 |  | 94,260
Finance charges payable under finance leases and hire purchase contracts | 28,867 |  | 13,366
Late payment tax charges | 15,428 |  | 3,154
| 248,568 |  | 205,154

10. Tax on Profit
The tax charge on the profit for the year was as follows:

| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | - | 396,410 |  | 383,384
Prior period adjustment | (85,719 ) |  | 20,975
| 310,691 |  | 404,359
Deferred Tax
Deferred taxation | (4,490 ) |  | (8,030 )
Total tax charge for the period | 306,201 |  | 396,329

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit before tax | 1,282,024 |  | 1,201,971
Tax on profit at 25% (UK standard rate) | 320,506 |  | 300,493
Goodwill/depreciation not allowed for tax | 54,311 |  | 40,742

...CONTINUED
Page 20
Page 21
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Expenses not deductible for tax purposes | 53,810 |  | 63,416
Capital allowances | (32,217 ) |  | (21,267 )
Prior period adjustment | (85,719 ) |  | 20,975
Deferred tax from unrecognised timing difference from a prior period | (4,490 ) |  | (8,030 )
Total tax charge for the period | 306,201 |  | 396,329

11. Tangible Assets
Group

| Land & Property
--- | ---
| Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 January 2025 | 1,900,000 | 992,420 | 552,994 | 343,241
Additions | - | - | 189,679 | 25,093
Disposals | - | (101,631 ) | (31,491 ) | (49,182 )
As at 31 December 2025 | 1,900,000 | 890,789 | 711,182 | 319,152
Depreciation
As at 1 January 2025 | 33,108 | 217,586 | 204,786 | 151,224
Provided during the period | 18,669 | 28,309 | 96,640 | 30,379
Disposals | - | (77,897 ) | (23,395 ) | (37,162 )
As at 31 December 2025 | 51,777 | 167,998 | 278,031 | 144,441
Net Book Value
As at 31 December 2025 | 1,848,223 | 722,791 | 433,151 | 174,711
As at 1 January 2025 | 1,866,892 | 774,834 | 348,208 | 192,017

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 January 2025 | 42,865 | 3,831,520
Additions | 4,247 | 219,019
Disposals | (1,373 ) | (183,677 )
As at 31 December 2025 | 45,739 | 3,866,862
Depreciation
As at 1 January 2025 | 30,458 | 637,162
Provided during the period | 7,897 | 181,894
Disposals | (1,373 ) | (139,827 )
As at 31 December 2025 | 36,982 | 679,229
Net Book Value
As at 31 December 2025 | 8,757 | 3,187,633
As at 1 January 2025 | 12,407 | 3,194,358

Page 21
Page 22
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 433,450 |  | 324,763

Freehold land and building brought forward at a cost of £1,900,000 were acquired as non-cash consideration from the issue of £1,000,000 £1 ordinary shares by a group company, and the initial cost was accounted for at fair value as at the date of issue of those shares.

| Land & Property
--- | ---
| Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
At cost | - | 890,789 | 711,182 | 319,152
At valuation | 1,900,000 | - | - | -
| 1,900,000 | 890,789 | 711,182 | 319,152

| Computer Equipment | Total
--- | --- | ---
| £ | £
At cost | 45,739 | 1,966,862
At valuation | - | 1,900,000
| 45,739 | 3,866,862

Company
The company had no tangible fixed assets as at 31 December 2025 or 31 December 2024.
12. Investments
Company

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 1,947,481
As at 31 December 2025 | 1,947,481
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 1,947,481
As at 1 January 2025 | 1,947,481

Page 22
Page 23
Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
13. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 2,308,858 |  | 2,436,162

14. Debtors

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
| £ |  | £ |  | £ |  | £
Due within one year
Trade debtors | 5,258,006 |  | 5,818,953 |  | - |  | -
Other debtors | 722,132 |  | 375,215 |  | 100,750 |  | 100,610
| 5,980,138 |  | 6,194,168 |  | 100,750 |  | 100,610

15. Creditors: Amounts Falling Due Within One Year

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
| £ |  | £ |  | £ |  | £
Net obligations under finance lease and hire purchase contracts | 106,211 |  | 94,075 |  | - |  | -
Trade creditors | 6,509,932 |  | 5,885,791 |  | - |  | -
Bank loans and overdrafts | 58,321 |  | 48,787 |  | 58,321 |  | 48,787
Amounts owed to group undertakings | - |  | - |  | 929,786 |  | 868,781
Other creditors | 1,038,972 |  | 2,069,471 |  | - |  | -
Corporation tax | 109,130 |  | 233,544 |  | - |  | -
Taxation and social security | 234,803 |  | 347,828 |  | - |  | -
Accruals and deferred income | 32,780 |  | 31,619 |  | 3,995 |  | 3,199
| 8,090,149 |  | 8,711,115 |  | 992,102 |  | 920,767

16. Creditors: Amounts Falling Due After More Than One Year

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
| £ |  | £ |  | £ |  | £
Net obligations under finance lease and hire purchase contracts | 327,995 |  | 253,097 |  | - |  | -
Bank loans | 1,071,125 |  | 1,133,022 |  | 1,071,125 |  | 1,133,022
| 1,399,120 |  | 1,386,119 |  | 1,071,125 |  | 1,133,022

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Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Of the creditors the following amounts are secured.

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
| £ |  | £ |  | £ |  | £
Net obligations under finance lease and hire purchase contracts | 434,206 |  | 347,172 |  | - |  | -
Bank loans and overdrafts | 1,129,446 |  | 1,181,808 |  | 1,129,446 |  | 1,181,808
Other loans | 1,038,827 |  | 2,056,847 |  | - |  | -

Finance leases and hire purchase contracts are secured on the related assets acquired under the leases.
The bank loan is secured by a fixed and floating charge over all assets of all companies within the group. The bank loan is repayable over 5 years, in instalments with a final lump sum payment. Interest is payable at base rate plus 2.75%.
The factoring creditor is secured by a fixed and floating charge over all assets of the company.
17. Loans
An analysis of the maturity of loans is given below:

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
| £ |  | £ |  | £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 58,321 |  | 48,787 |  | 58,321 |  | 48,787

| Group |  | Company
--- | --- | --- | ---
| 2025 |  | 2024 |  | 2025 |  | 2024
| £ |  | £ |  | £ |  | £
Amounts falling due between one and five years:
Bank loans | 1,071,125 |  | 1,133,022 |  | 1,071,125 |  | 1,133,022

18. Obligations Under Finance Leases and Hire Purchase

| Group |
--- | --- | ---
| 2025 |  | 2024
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 106,211 |  | 94,075
Later than one year and not later than five years | 327,995 |  | 253,097
| 434,206 |  | 347,172
| 434,206 |  | 347,172

Finance lease payments represent rentals payable by the company or group for certain items of plant and
machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
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Cool Designs Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
19. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accelerated capital allowances | 74,936 |  | 79,426

20. Provisions for Liabilities

Group
| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 January 2025 | 79,426 | 79,426
Utilised | (4,490 ) | (4,490)
Balance at 31 December 2025 | 74,936 | 74,936

21. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

The company has one class of ordinary shares, which have full voting and dividend rights.
22. Pension Commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £88,879 (2024: £63,572).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
23. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 635,000 |  | 690,000

Diividends of £635,000 (2024 £690,000) were paid to directors.
24. Related Party Disclosures
The group occupies premises owned by D Birkett, director, for which rent of £35,050 (2024 £49,550) was paid
during the year.
25. Controlling Parties
The company's ultimate controlling party is D Birkett and J Birkett by virtue of their interest in the share capital of the company.
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