Chillfire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05824070

Chillfire Limited

Filleted Unaudited Financial Statements

31 May 2025

Chillfire Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		272		516

Current assets

Debtors	6	600	6,300
Cash at bank and in hand		284	2,160
		----	-------
		884	8,460

Creditors: amounts falling due within one year	7	5,308		5,465
		-------		-------
Net current (liabilities)/assets			( 4,424)		2,995
			-------		-------
Total assets less current liabilities			( 4,152)		3,511
			-------		-------
Net (liabilities)/assets			( 4,152)		3,511
			-------		-------

Capital and reserves

Called up share capital	8	1,000	1,000
Profit and loss account		( 5,152)	2,511
		-------	-------
Shareholders (deficit)/funds		( 4,152)	3,511
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Chillfire Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 4 November 2025 , and are signed on behalf of the board by:

S C Hogan
Director

Company registration number: 05824070

Chillfire Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, CM2 0AW, Essex.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent on the continued support of the director. The director has indicated their willingness to support the company for the foreseeable future.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

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.

Depreciation

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 equipment	-	20% reducing balance
Office equipment	-	`3 years straight line`

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 June 2024 and 31 May 2025	1,174	5,049	6,223
	-------	-------	-------
Depreciation
At 1 June 2024	834	4,873	5,707
Charge for the year	68	176	244
	-------	-------	-------
At 31 May 2025	902	5,049	5,951
	-------	-------	-------
Carrying amount
At 31 May 2025	272	–	272
	-------	-------	-------
At 31 May 2024	340	176	516
	-------	-------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	600	6,300
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,640	3,600
Corporation tax	1,255	1,372
Director loan accounts	1,413	493
	-------	-------
	5,308	5,465
	-------	-------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

9. Related party transactions

At the year end the company owed the director £1,413 (2024 - £493) by way of a directors loan account which is shown amongst creditors.