IRIS Accounts Production v24.1.4.33 SC240687 director 6.4.23 5.4.24 5.4.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2406872023-04-05SC2406872024-04-05SC2406872023-04-062024-04-05SC2406872022-04-05SC2406872022-04-062023-04-05SC2406872023-04-05SC240687ns15:Scotland2023-04-062024-04-05SC240687ns14:PoundSterling2023-04-062024-04-05SC240687ns10:Director12023-04-062024-04-05SC240687ns10:PrivateLimitedCompanyLtd2023-04-062024-04-05SC240687ns10:SmallEntities2023-04-062024-04-05SC240687ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-05SC240687ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-04-05SC240687ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-05SC240687ns10:FullAccounts2023-04-062024-04-05SC240687ns10:CompanySecretary12023-04-062024-04-05SC240687ns10:RegisteredOffice2023-04-062024-04-05SC240687ns5:CurrentFinancialInstruments2024-04-05SC240687ns5:CurrentFinancialInstruments2023-04-05SC240687ns5:ShareCapital2024-04-05SC240687ns5:ShareCapital2023-04-05SC240687ns5:RetainedEarningsAccumulatedLosses2024-04-05SC240687ns5:RetainedEarningsAccumulatedLosses2023-04-05SC240687ns5:FurnitureFittings2023-04-062024-04-05SC240687ns5:MotorVehicles2023-04-062024-04-05SC240687ns5:ComputerEquipment2023-04-062024-04-05SC240687ns5:FurnitureFittings2023-04-05SC240687ns5:MotorVehicles2023-04-05SC240687ns5:ComputerEquipment2023-04-05SC240687ns5:FurnitureFittings2024-04-05SC240687ns5:MotorVehicles2024-04-05SC240687ns5:ComputerEquipment2024-04-05SC240687ns5:FurnitureFittings2023-04-05SC240687ns5:MotorVehicles2023-04-05SC240687ns5:ComputerEquipment2023-04-05
REGISTERED NUMBER: SC240687 (Scotland)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

CHILLUM OIL LIMITED

CHILLUM OIL LIMITED (REGISTERED NUMBER: SC240687)






Contents of the Financial Statements
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHILLUM OIL LIMITED

Company Information
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: S M Prentice





SECRETARY: Mrs S Prentice





REGISTERED OFFICE: 117 Derberth Grange
Kingswells
Aberdeen
AB15 8UD





REGISTERED NUMBER: SC240687 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

CHILLUM OIL LIMITED (REGISTERED NUMBER: SC240687)

Balance Sheet
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,810 9,587

CURRENT ASSETS
Debtors 5 302 193
Cash at bank 4,261 4,742
4,563 4,935
CREDITORS
Amounts falling due within one year 6 2,430 (2,296 )
NET CURRENT ASSETS 2,133 7,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,943

16,818

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,843 16,718
SHAREHOLDERS' FUNDS 9,943 16,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHILLUM OIL LIMITED (REGISTERED NUMBER: SC240687)

Balance Sheet - continued
5 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





S M Prentice - Director


CHILLUM OIL LIMITED (REGISTERED NUMBER: SC240687)

Notes to the Financial Statements
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Chillum Oil Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

CHILLUM OIL LIMITED (REGISTERED NUMBER: SC240687)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 1,445 33,823 11,876 47,144
Additions - - 796 796
At 5 April 2024 1,445 33,823 12,672 47,940
DEPRECIATION
At 6 April 2023 1,445 24,311 11,801 37,557
Charge for year - 2,378 195 2,573
At 5 April 2024 1,445 26,689 11,996 40,130
NET BOOK VALUE
At 5 April 2024 - 7,134 676 7,810
At 5 April 2023 - 9,512 75 9,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
VAT 302 193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 185 308
Tax - (4,460 )
Directors' current accounts 2,245 1,856
2,430 (2,296 )