REGISTERED NUMBER: |
Chillflow Solutions Limited |
Unaudited Financial Statements |
for the Year Ended 31st January 2025 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
Improvements to property | - |
Boat | - |
Plant, machinery and tools | - |
Motor vehicles | - |
Office equipment and furniture | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31st January 2025 |
DEPRECIATION |
At 1st February 2024 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st January 2025 |
NET BOOK VALUE |
At 31st January 2025 |
At 31st January 2024 |
Office |
equipment |
Motor | and |
vehicles | furniture | Totals |
£ | £ | £ |
COST |
At 1st February 2024 |
Additions |
Disposals | ( |
) |
At 31st January 2025 |
DEPRECIATION |
At 1st February 2024 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st January 2025 |
NET BOOK VALUE |
At 31st January 2025 |
At 31st January 2024 |
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 |
At 31st January 2025 |
DEPRECIATION |
Charge for year |
At 31st January 2025 |
NET BOOK VALUE |
At 31st January 2025 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.25 | 31.1.24 |
£ | £ |
Trade debtors |
Amounts recoverable on |
contracts |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.25 | 31.1.24 |
£ | £ |
Hire purchase contracts (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.25 | 31.1.24 |
£ | £ |
Hire purchase contracts (see note 8) |
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 |
Between one and five years |
Non-cancellable | operating leases |
31.1.25 | 31.1.24 |
£ | £ |
Within one year |
Between one and five years |