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REGISTERED NUMBER: SC477761 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

ChillFlo Ltd

ChillFlo Ltd (Registered number: SC477761)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ChillFlo Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs M P Allan
K J Taggart
A J McMillan





SECRETARY:





REGISTERED OFFICE: 12 Inchmuir Road
Whitehill Industrial Estate
Bathgate
West Lothian
EH48 2EP





REGISTERED NUMBER: SC477761 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

ChillFlo Ltd (Registered number: SC477761)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,091 161,067

CURRENT ASSETS
Stocks 42,589 35,917
Debtors 5 174,789 162,910
Cash at bank 10,636 13,216
228,014 212,043
CREDITORS
Amounts falling due within one year 6 117,802 106,916
NET CURRENT ASSETS 110,212 105,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,303

266,194

CREDITORS
Amounts falling due after more than
one year

7

10,000

20,000
NET ASSETS 233,303 246,194

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 233,301 246,192
233,303 246,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ChillFlo Ltd (Registered number: SC477761)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





A J McMillan - Director


ChillFlo Ltd (Registered number: SC477761)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

ChillFlo Ltd 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.

ChillFlo Ltd (Registered number: SC477761)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 429,936
Additions 200
Disposals (200 )
At 31 May 2024 429,936
DEPRECIATION
At 1 June 2023 268,869
Charge for year 27,976
At 31 May 2024 296,845
NET BOOK VALUE
At 31 May 2024 133,091
At 31 May 2023 161,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 73,137 53,555
Amounts owed by group undertakings 101,652 107,272
Prepayments - 2,083
174,789 162,910

ChillFlo Ltd (Registered number: SC477761)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 40,142 33,981
Trade creditors 32,302 21,202
Amounts owed to group undertakings 1,282 -
Tax 3,042 7,545
Social security and other taxes 3,144 3,289
VAT 31,516 32,802
Directors' current accounts 340 340
Accrued expenses 6,034 7,757
117,802 106,916

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years - 10,000
10,000 20,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest free loan to/(from) director, no particular terms of repayment.