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REGISTERED NUMBER: 05994681 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CHILL OUT SOLUTIONS LIMITED

CHILL OUT SOLUTIONS LIMITED (REGISTERED NUMBER: 05994681)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHILL OUT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: P A Loughlin





SECRETARY: Ms Y Dodson





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 05994681 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE

CHILL OUT SOLUTIONS LIMITED (REGISTERED NUMBER: 05994681)

BALANCE SHEET
30 NOVEMBER 2024

30/11/24 30/11/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,678 28,717

CREDITORS
Amounts falling due within one year 5 (109,336 ) (104,023 )
NET CURRENT LIABILITIES (109,336 ) (104,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,658

)

(75,306

)

CREDITORS
Amounts falling due after more than one year 6 (3,426 ) (10,581 )
NET LIABILITIES (90,084 ) (85,887 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (90,085 ) (85,888 )
SHAREHOLDERS' FUNDS (90,084 ) (85,887 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 June 2025 and were signed by:





P A Loughlin - Director


CHILL OUT SOLUTIONS LIMITED (REGISTERED NUMBER: 05994681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Chill Out 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.

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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CHILL OUT SOLUTIONS LIMITED (REGISTERED NUMBER: 05994681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023
and 30 November 2024 3,896 13,928 74,335 3,345 95,504
DEPRECIATION
At 1 December 2023 - 10,995 52,839 2,953 66,787
Charge for year - 587 5,374 78 6,039
At 30 November 2024 - 11,582 58,213 3,031 72,826
NET BOOK VALUE
At 30 November 2024 3,896 2,346 16,122 314 22,678
At 30 November 2023 3,896 2,933 21,496 392 28,717

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 17,866 17,274
Hire purchase contracts 4,714 4,714
Trade creditors 2,302 2,882
Taxation and social security 2,227 1,518
Other creditors 82,227 77,635
109,336 104,023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Bank loans 1,462 3,902
Hire purchase contracts 1,964 6,679
3,426 10,581