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Registration number: 01273618

Chillmech Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Chillmech Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 13

Chillmech Limited

Company Information

Directors | Mr Michael White Mrs Helen White

Registered office | Chillmech House 97 Maidstone Road Paddock Wood Kent England TN12 6AE

Accountants | Alison & Ryan Robinson 22A Bank Street Ashford Kent TN23 1BE

Chillmech Limited

(Registration number: 01273618)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 459,168 | 502,911
Investment property | 5 | 381,386 | 381,386
|  | 840,554 | 884,297
Current assets |  |  |
Stocks | 6 | 116,210 | 111,133
Debtors | 7 | 315,699 | 297,348
Cash at bank and in hand |  | 132,636 | 100,936
|  | 564,545 | 509,417
Creditors: Amounts falling due within one year | 8 | (287,030) | (280,183)
Net current assets |  | 277,515 | 229,234
Total assets less current liabilities |  | 1,118,069 | 1,113,531
Creditors: Amounts falling due after more than one year | 8 | (401,052) | (432,224)
Provisions for liabilities |  | (20,982) | -
Net assets |  | 696,035 | 681,307
Capital and reserves |  |  |
Called up share capital | 9 | 106 | 106
Share premium reserve |  | 1,424 | 1,424
Retained earnings |  | 694,505 | 679,777
Shareholders' funds |  | 696,035 | 681,307

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Chillmech Limited

(Registration number: 01273618)
Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 16 January 2026 and signed on its behalf by:

......................................... Mr Michael White Director

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chillmech House
97 Maidstone Road
Paddock Wood
Kent
TN12 6AE
England

These financial statements were authorised for issue by the Board on 16 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold Property | 2% on cost (buildings only as freehold land not depreciated)
Fixtures, Fittings and Equipment | 33 1/3rd% on cost / 15% on written down value
Motor Vehicles | 25% on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 9).

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 420,508 | 74,159 | 194,806 | 689,473
Additions | - | 4,333 | - | 4,333
Disposals | - | (26,749) | - | (26,749)
At 30 April 2025 | 420,508 | 51,743 | 194,806 | 667,057
Depreciation
At 1 May 2024 | 85,976 | 46,264 | 54,322 | 186,562
Charge for the year | 6,810 | 5,681 | 35,121 | 47,612
Eliminated on disposal | - | (26,285) | - | (26,285)
At 30 April 2025 | 92,786 | 25,660 | 89,443 | 207,889
Carrying amount
At 30 April 2025 | 327,722 | 26,083 | 105,363 | 459,168
At 30 April 2024 | 334,532 | 27,895 | 140,484 | 502,911

Included within the net book value of land and buildings above is £327,722 (2024 - £334,532) in respect of freehold land and buildings.

5 | Investment properties

| 2025 £
At 1 May | 381,386
At 30 April | 381,386

There has been no valuation of investment property by an independent valuer.

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 116,210 | 111,133

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 78,536 | 90,847
Amounts owed by related parties | 12 | 215,486 | 215,486
Prepayments |  | 13,071 | 8,334
Other debtors |  | 8,606 | (17,319)
|  | 315,699 | 297,348

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 64,171 | 95,745
Trade creditors |  | 74,881 | 51,497
Taxation and social security |  | 79,393 | 53,579
Accruals and deferred income |  | 12,857 | 10,123
Other creditors |  | 55,728 | 69,239
|  | 287,030 | 280,183

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 401,052 | 432,224

9 | Share capital

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 338,232 | 354,474
Hire purchase contracts | 62,820 | 77,750
| 401,052 | 432,224

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 38,789 | 59,912
Hire purchase contracts | 25,382 | 35,833
| 64,171 | 95,745

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

11 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £716.04 (2024 - £754.72) per ordinary share |  | 75,900 |  | 80,000

12 | Related party transactions

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | At 30 April 2025 £
Director Loan to Company | 21,048 | (13,080) | 7,968

2024 | At 1 May 2023 £ | Advances to director £ | At 30 April 2024 £
Director Loan to Company | 21,355 | (307) | 21,048

Chillmech Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 15,000 | 15,000
Contributions paid to money purchase schemes | 600 | 600
| 15,600 | 15,600