Registered number
09398211
Pip the Chip Limited
Accounts
For the Year ended
31 January 2023
Oakensen
Chartered Accountants
Unit 2, Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Pip the Chip Limited
Registered number: 09398211
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 610 875
Current assets
Debtors 4 11,662 11,328
Cash at bank and in hand 36 14
11,698 11,342
Creditors: amounts falling due within one year 5 (10,729) (11,220)
Net current assets 969 122
Net assets 1,579 997
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,479 897
Shareholders' funds 1,579 997
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P M Martin
Director
Approved by the board on 27 October 2023
Pip the Chip Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the work has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 years
Office equipment 7 years
Debtors
Short term debtors are measured at transaction price,which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Equipment Plant and machinery Total
£ £ £
Cost
At 1 February 2022 500 6,723 7,223
At 31 January 2023 500 6,723 7,223
Depreciation
At 1 February 2022 498 5,850 6,348
Charge for the year 1 264 265
At 31 January 2023 499 6,114 6,613
Net book value
At 31 January 2023 1 609 610
At 31 January 2022 2 873 875
4 Debtors 2023 2022
£ £
Other debtors 11,662 11,328
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 257 2,481
Taxation and social security costs 9,115 7,574
Other creditors 1,357 1,165
10,729 11,220
6 Other information
Pip the Chip Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Stallard Street
Trowbridge
Wiltshire
BA14 9AA
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