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REGISTERED NUMBER: 05674625 (England and Wales)












Chillflow Solutions Limited

Unaudited Financial Statements

for the Year Ended 31st January 2025






Chillflow Solutions Limited (Registered number: 05674625)






Contents of the Financial Statements
for the Year Ended 31st January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Chillflow Solutions Limited

Company Information
for the Year Ended 31st January 2025







DIRECTORS: J Crowder
D J Mockridge





REGISTERED OFFICE: Chillflow House
Wilson Way
Pool
Redruth
Cornwall
TR15 3RT





REGISTERED NUMBER: 05674625 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Chillflow Solutions Limited (Registered number: 05674625)

Statement of Financial Position
31st January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 114,645 84,355

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 1,113,181 520,117
Cash at bank and in hand 1,007,540 106,081
2,130,721 636,198
CREDITORS
Amounts falling due within one year 6 (1,518,913 ) (399,835 )
NET CURRENT ASSETS 611,808 236,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

726,453

320,718

CREDITORS
Amounts falling due after more than one
year

7

(31,781

)

-

PROVISIONS FOR LIABILITIES (5,502 ) (9,419 )
NET ASSETS 689,170 311,299

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 53,970 53,970
Retained earnings 635,100 257,229
689,170 311,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

Chillflow Solutions Limited (Registered number: 05674625)

Statement of Financial Position - continued
31st January 2025


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 16th April 2025 and were signed on its behalf by:




D J Mockridge - Director



J Crowder - Director


Chillflow Solutions Limited (Registered number: 05674625)

Notes to the Financial Statements
for the Year Ended 31st January 2025

1. STATUTORY INFORMATION

Chillflow Solutions 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. The financial statements cover a single entity.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements have been rounded to the nearest Pound.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Boat - 15% on reducing balance
Plant, machinery and tools - 20% on cost
Motor vehicles - 25% on cost
Office equipment and furniture - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Chillflow Solutions Limited (Registered number: 05674625)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

Chillflow Solutions Limited (Registered number: 05674625)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

4. TANGIBLE FIXED ASSETS
Improvements Plant,
to machinery
property Boat and tools
£    £    £   
COST
At 1st February 2024 93,812 31,090 56,311
Additions 7,460 - 3,154
Disposals - - (10,618 )
At 31st January 2025 101,272 31,090 48,847
DEPRECIATION
At 1st February 2024 47,384 19,029 34,204
Charge for year 13,184 1,809 8,102
Eliminated on disposal - - (10,618 )
At 31st January 2025 60,568 20,838 31,688
NET BOOK VALUE
At 31st January 2025 40,704 10,252 17,159
At 31st January 2024 46,428 12,061 22,107

Office
equipment
Motor and
vehicles furniture Totals
£    £    £   
COST
At 1st February 2024 29,450 21,619 232,282
Additions 56,500 1,907 69,021
Disposals - - (10,618 )
At 31st January 2025 85,950 23,526 290,685
DEPRECIATION
At 1st February 2024 29,450 17,860 147,927
Charge for year 13,006 2,630 38,731
Eliminated on disposal - - (10,618 )
At 31st January 2025 42,456 20,490 176,040
NET BOOK VALUE
At 31st January 2025 43,494 3,036 114,645
At 31st January 2024 - 3,759 84,355

Chillflow Solutions Limited (Registered number: 05674625)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 56,500
At 31st January 2025 56,500
DEPRECIATION
Charge for year 13,006
At 31st January 2025 13,006
NET BOOK VALUE
At 31st January 2025 43,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 872,292 362,484
Amounts recoverable on
contracts 174,700 155,368
Other debtors 66,189 2,265
1,113,181 520,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts (see note 8) 11,740 -
Trade creditors 1,070,563 260,135
Taxation and social security 402,827 83,931
Other creditors 33,783 55,769
1,518,913 399,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts (see note 8) 31,781 -

Chillflow Solutions Limited (Registered number: 05674625)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 11,740 -
Between one and five years 31,781 -
43,521 -

Non-cancellable operating leases
31.1.25 31.1.24
£    £   
Within one year 81,642 113,192
Between one and five years 94,355 164,807
175,997 277,999