CHILLTEC REFRIGERATION LTD

Company Registration Number:
NI052180 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

CHILLTEC REFRIGERATION LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

CHILLTEC REFRIGERATION LTD

Balance sheet

As at 30 November 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 179,202 190,251
Investments:   0 0
Total fixed assets: 179,202 190,251
Current assets
Stocks: 308,565 147,700
Debtors: 4 484,741 406,648
Cash at bank and in hand: 944,425 551,889
Investments:   0 0
Total current assets: 1,737,731 1,106,237
Creditors: amounts falling due within one year: 5 (873,258) (308,843)
Net current assets (liabilities): 864,473 797,394
Total assets less current liabilities: 1,043,675 987,645
Creditors: amounts falling due after more than one year: 6 (47,973) (72,320)
Provision for liabilities: 0 0
Total net assets (liabilities): 995,702 915,325
Capital and reserves
Called up share capital: 7 7
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 995,695 915,318
Shareholders funds: 995,702 915,325

The notes form part of these financial statements

CHILLTEC REFRIGERATION LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: P Haffey
Status: Director

The notes form part of these financial statements

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% reducing balance, Motor vehicles - 25% reducing balance, Equipment - 25% reducing balance. Impairment of fixed assets - a review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Other accounting policies

Stocks - Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 26 22

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 351,615
Additions 38,924
Disposals 0
Revaluations 0
Transfers 0
At 30 November 2024 390,539
Depreciation
At 01 December 2023 161,364
Charge for year 49,973
On disposals 0
Other adjustments 0
At 30 November 2024 211,337
Net book value
At 30 November 2024 179,202
At 30 November 2023 190,251

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

Included within creditors - amounts falling due within one year are balances owed on hire purchase contracts amounting to £42,380 (2023: £56,727). These liabilities are secured by the assets to which they relate. At the year end there were no other secured liabilities (2023: £Nil).

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due after more than one year note

Included within creditors - amounts falling due after one year are balances owed on hire purchase contracts amounting to £34,260 (2023: £28,760). These liabilities are secured by the assets to which they relate. At the year end there were no other secured liabilities falling due after more than one year (2023: £Nil).

CHILLTEC REFRIGERATION LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Related party transactions

Key management personnel, who are considered to be the directors of the company, received remuneration during the year of £65,908 (2023: £24,402). The company has taken advantage of the exemptions available under section 33.1A of FRS102 not to disclose transactions entered into between two or more wholly owned members of a group. All balances owed to and from group entities are separately disclosed in the financial statements