IRIS Accounts Production v24.1.0.578 09269462 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092694622023-03-31092694622024-03-31092694622023-04-012024-03-31092694622022-03-31092694622022-04-012023-03-31092694622023-03-3109269462ns15:EnglandWales2023-04-012024-03-3109269462ns14:PoundSterling2023-04-012024-03-3109269462ns10:Director12023-04-012024-03-3109269462ns10:Director22023-04-012024-03-3109269462ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109269462ns10:SmallEntities2023-04-012024-03-3109269462ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109269462ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109269462ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109269462ns10:FullAccounts2023-04-012024-03-3109269462ns10:RegisteredOffice2023-04-012024-03-3109269462ns5:CurrentFinancialInstruments2024-03-3109269462ns5:CurrentFinancialInstruments2023-03-3109269462ns5:ShareCapital2024-03-3109269462ns5:ShareCapital2023-03-3109269462ns5:RetainedEarningsAccumulatedLosses2024-03-3109269462ns5:RetainedEarningsAccumulatedLosses2023-03-3109269462ns5:PlantMachinery2023-04-012024-03-3109269462ns5:MotorVehicles2023-04-012024-03-3109269462ns5:PlantMachinery2023-03-3109269462ns5:MotorVehicles2023-03-3109269462ns5:PlantMachinery2024-03-3109269462ns5:MotorVehicles2024-03-3109269462ns5:PlantMachinery2023-03-3109269462ns5:MotorVehicles2023-03-3109269462ns5:DeferredTaxation2023-03-3109269462ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 09269462 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHIPPIES (UK) LTD

CHIPPIES (UK) LTD (REGISTERED NUMBER: 09269462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHIPPIES (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: W M Crookes
Mrs H A Crookes





REGISTERED OFFICE: The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 09269462 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

CHIPPIES (UK) LTD (REGISTERED NUMBER: 09269462)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 55,370

CURRENT ASSETS
Debtors 5 - 199
Cash at bank 5,579 24,782
5,579 24,981
CREDITORS
Amounts falling due within one year 6 5,476 64,994
NET CURRENT ASSETS/(LIABILITIES) 103 (40,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103

15,357

PROVISIONS FOR LIABILITIES 7 - 13,843
NET ASSETS 103 1,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3 1,414
SHAREHOLDERS' FUNDS 103 1,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:




W M Crookes - Director



Mrs H A Crookes - Director


CHIPPIES (UK) LTD (REGISTERED NUMBER: 09269462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Chippies (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CHIPPIES (UK) LTD (REGISTERED NUMBER: 09269462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 48,012 70,742 118,754
Disposals (48,012 ) (70,742 ) (118,754 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 14,779 48,605 63,384
Eliminated on disposal (14,779 ) (48,605 ) (63,384 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 33,233 22,137 55,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments - 199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 264
Tax - 815
Social security and other taxes (890 ) -
VAT - 1,103
Directors' current accounts 4,985 61,661
Accrued expenses 1,381 1,151
5,476 64,994

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred Tax Provision B/fwd - 8,550
Deferred Tax Provision in Year - 5,293
- 13,843

Deferred
tax
£   
Balance at 1 April 2023 13,843
Accelerated Capital Allowances
Balance at 31 March 2024 13,843

CHIPPIES (UK) LTD (REGISTERED NUMBER: 09269462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, M W Crookes decreased his loan to the company. As at 31 March 2024, the company owed him £4,985. (2023: £61,661). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W M Crookes.

This was by virtue of his 60% holding of the issued share capital.