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Registration number: 10636994

N Chill Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

N Chill Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

N Chill Limited

(Registration number: 10636994)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,699

4,110

Current assets

 

Stocks

17,645

17,041

Debtors

5

15,255

20,284

Cash at bank and in hand

 

15,439

2,296

 

48,339

39,621

Creditors: Amounts falling due within one year

6

(34,571)

(35,824)

Net current assets

 

13,768

3,797

Total assets less current liabilities

 

15,467

7,907

Creditors: Amounts falling due after more than one year

6

(7,953)

(13,133)

Provisions for liabilities

(323)

(781)

Net assets/(liabilities)

 

7,191

(6,007)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

7,189

(6,009)

Shareholders' funds/(deficit)

 

7,191

(6,007)

 

N Chill Limited

(Registration number: 10636994)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 July 2024 and signed on its behalf by:
 

.........................................
Mr N Jitendra
Director

 

N Chill Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
73 Tattershall
Toothill
Swindon
Wiltshire
SN5 8BX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services. Turnover from refridgeration installation and maintenance services is shown net of value added tax.

Government grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

N Chill Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

N Chill Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 March 2023

15,595

15,595

At 29 February 2024

15,595

15,595

Depreciation

At 1 March 2023

11,485

11,485

Charge for the year

2,411

2,411

At 29 February 2024

13,896

13,896

Carrying amount

At 29 February 2024

1,699

1,699

At 28 February 2023

4,110

4,110

5

Debtors

Current

2024
£

2023
£

Trade debtors

13,704

18,967

Prepayments

1,551

1,317

 

15,255

20,284

 

N Chill Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

5,380

5,223

Trade creditors

650

1,314

Taxation and social security

9,336

10,815

Other creditors

19,205

18,472

34,571

35,824

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

7,953

13,133

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

5,380

5,223

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

7,953

13,133