The Big Chiller Company Limited Company Accounts

THE BIG CHILLER COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09990074

The Big Chiller Company Limited

Filleted Unaudited Financial Statements

31 March 2017

The Big Chiller Company Limited

Financial Statements

Period from 5 February 2016 to 31 March 2017

Contents	Page

Balance sheet	1

Statement of changes in equity	2

Notes to the financial statements	3

The Big Chiller Company Limited

Balance Sheet

31 March 2017

	31 Mar 17
Note	£

Fixed assets

Tangible assets	4	18,323

Current assets

Debtors	5	2,100
Cash at bank and in hand		86
		-------
		2,186

Creditors: amounts falling due within one year	6	19,914
		--------
Net current liabilities		17,728
		--------
Total assets less current liabilities		595
		----
Net assets		595
		----

Capital and reserves

Called up share capital	100
Profit and loss account	495
	----
Shareholders funds	595
	----

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 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 comprehensive income has not been delivered.

For the period ending 31 March 2017 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 period 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 .

These financial statements were approved by the board of directors and authorised for issue on 25 October 2017 , and are signed on behalf of the board by:

Mr W M Poole
Director

Company registration number: 09990074

The Big Chiller Company Limited

Statement of Changes in Equity

Period from 5 February 2016 to 31 March 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 5 February 2016	–	–	–

Profit for the period		495	495
	----	----	----
Total comprehensive income for the period	–	495	495

Issue of shares	100	–	100
	----	----	----
Total investments by and distributions to owners	100	–	100

	----	----	----
At 31 March 2017	100	495	595
	----	----	----

The Big Chiller Company Limited

Notes to the Financial Statements

Period from 5 February 2016 to 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales.. The address of the registered office is 22-26 King Street, King's Lynn, Norfolk, PE30 1HJ, United Kingdom.

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.

Revenue recognition

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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 machinery	-	15% straight line

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Plant and machinery
	£
Cost
Additions	21,556
	--------
At 31 March 2017	21,556
	--------
Depreciation
Charge for the period	3,233
	--------
At 31 March 2017	3,233
	--------
Carrying amount
At 31 March 2017	18,323
	--------

5. Debtors

	31 Mar 17
	£
Trade debtors	2,100
	-------

6. Creditors: amounts falling due within one year

	31 Mar 17
	£
Trade creditors	956
Social security and other taxes	157
Other creditors	18,801
	--------
	19,914
	--------