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REGISTERED NUMBER: 12423782 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Reset & Chill Limited

Reset & Chill Limited (Registered number: 12423782)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reset & Chill Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: T H James





REGISTERED OFFICE: Planters Gap
Somersham
Ipswich
United Kingdom
IP8 4QD





REGISTERED NUMBER: 12423782 (England and Wales)





ACCOUNTANTS: FWD Accounts Limited
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR

Reset & Chill Limited (Registered number: 12423782)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 26,296 2,900

CURRENT ASSETS
Debtors 4 64,830 100,390
Cash at bank 1,288 501
66,118 100,891
CREDITORS
Amounts falling due within one year 5 10,073 53,487
NET CURRENT ASSETS 56,045 47,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,341

50,304

PROVISIONS FOR LIABILITIES 4,533 -
NET ASSETS 77,808 50,304

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,708 50,204
77,808 50,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

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 21 October 2024 and were signed by:





T H James - Director


Reset & Chill Limited (Registered number: 12423782)

Notes to the Financial Statements
for the year ended 31 January 2024


1. 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.
Plant and machinery etc - 33% on cost, 20% on cost and 20% 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.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 3,625
Additions 30,423
At 31 January 2024 34,048
DEPRECIATION
At 1 February 2023 725
Charge for year 7,027
At 31 January 2024 7,752
NET BOOK VALUE
At 31 January 2024 26,296
At 31 January 2023 2,900

Reset & Chill Limited (Registered number: 12423782)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors - 56,514
Other debtors 64,830 43,876
64,830 100,390

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors - 550
Taxation and social security 9,761 21,150
Other creditors 312 31,787
10,073 53,487

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
T H James
Balance outstanding at start of year 43,876 17,870
Amounts advanced 64,830 43,876
Amounts repaid (43,876 ) (17,870 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,830 43,876

The overdrawn loan was repaid on 10 October 2024 in full