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REGISTERED NUMBER: 04696525 (England and Wales)












Unaudited Financial Statements

for the Period 1 April 2024 to 30 September 2024

for

Chillway Express Specials Limited

Chillway Express Specials Limited (Registered number: 04696525)






Contents of the Financial Statements
for the Period 1 April 2024 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chillway Express Specials Limited

Company Information
for the Period 1 April 2024 to 30 September 2024







DIRECTORS: Mr G S Rai
Mr G S Bachra
Mrs S K Rai
Mrs G Bachra





REGISTERED OFFICE: Unit 1
Newtown Trading Estate
Northway Lane
Tewkesbury
Gloucestershire
GL20 8JG





REGISTERED NUMBER: 04696525 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Chillway Express Specials Limited (Registered number: 04696525)

Balance Sheet
30 September 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474,150 491,467

CURRENT ASSETS
Debtors 5 728,368 863,050
Cash at bank and in hand 49,324 99,448
777,692 962,498
CREDITORS
Amounts falling due within one year 6 303,543 410,562
NET CURRENT ASSETS 474,149 551,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

948,299

1,043,403

CREDITORS
Amounts falling due after more than one year 7 (178,881 ) (189,877 )

PROVISIONS FOR LIABILITIES 8 (55,151 ) (59,456 )
NET ASSETS 714,267 794,070

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 10 714,117 793,920
SHAREHOLDERS' FUNDS 714,267 794,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

Chillway Express Specials Limited (Registered number: 04696525)

Balance Sheet - continued
30 September 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 25 March 2025 and were signed on its behalf by:




Mr G S Bachra - Director



Mr G S Rai - Director


Chillway Express Specials Limited (Registered number: 04696525)

Notes to the Financial Statements
for the Period 1 April 2024 to 30 September 2024

1. STATUTORY INFORMATION

Chillway Express Specials Limited is a private company, limited by shares , registered in England and Wales. 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over period of lease
Plant and machinery - 15% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Chillway Express Specials Limited (Registered number: 04696525)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 24 (2024 - 39 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2024 251,799 13,963 11,503
Additions - - -
At 30 September 2024 251,799 13,963 11,503
DEPRECIATION
At 1 April 2024 - 13,131 7,392
Charge for period - 63 308
Charge written back - - -
Transfer to ownership - - -
At 30 September 2024 - 13,194 7,700
NET BOOK VALUE
At 30 September 2024 251,799 769 3,803
At 31 March 2024 251,799 832 4,111

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 25,950 724,002 14,645 1,041,862
Additions - 13,950 - 13,950
At 30 September 2024 25,950 737,952 14,645 1,055,812
DEPRECIATION
At 1 April 2024 21,713 494,063 14,096 550,395
Charge for period 318 30,486 92 31,267
Charge written back - (20,681 ) - (20,681 )
Transfer to ownership - 20,681 - 20,681
At 30 September 2024 22,031 524,549 14,188 581,662
NET BOOK VALUE
At 30 September 2024 3,919 213,403 457 474,150
At 31 March 2024 4,237 229,939 549 491,467

Chillway Express Specials Limited (Registered number: 04696525)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 88,495
Transfer to ownership (68,995 )
At 30 September 2024 19,500
DEPRECIATION
At 1 April 2024 31,040
Charge for period 1,143
Charge written back (20,681 )
At 30 September 2024 11,502
NET BOOK VALUE
At 30 September 2024 7,998
At 31 March 2024 57,455

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 428,020 553,795
3GS (Midlands) - Loan Account 282,867 272,252
Prepayments 17,481 37,003
728,368 863,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Hire purchase contracts 4,890 19,390
Trade creditors 22,862 48,184
Other Creditors 1,831 3,210
Corporation Tax 41,486 63,362
Social security and other taxes 86,507 137,568
Other creditors 500 -
Directors' loan accounts 131,820 131,770
Accrued expenses 13,647 7,078
303,543 410,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2024
£    £   
Unit mortgage 152,804 156,308
Bank loans - 2-5 years 19,068 24,115
Hire purchase contracts 7,009 9,454
178,881 189,877

Chillway Express Specials Limited (Registered number: 04696525)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 September 2024

8. PROVISIONS FOR LIABILITIES
2024 2024
£    £   
Deferred tax 55,151 59,456

Deferred
tax
£   
Balance at 1 April 2024 59,456
Credit to Income Statement during period (4,305 )
Balance at 30 September 2024 55,151

9. CALLED UP SHARE CAPITAL

Shareholder Share Class Balance (£)

Mr G Bachra A 50
Mr G Rai C 50
Mrs G Bachra D 25
Mrs S Rai B 25

10. RESERVES
Retained
earnings
£   

At 1 April 2024 793,920
Deficit for the period (33,853 )
Dividends (45,950 )
At 30 September 2024 714,117