CHILLI SOURCE SOFTWARE LIMITED

Company Registration Number:
NI683409 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

CHILLI SOURCE SOFTWARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

CHILLI SOURCE SOFTWARE LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,837 4,993
Investments:   0 0
Total fixed assets: 4,837 4,993
Current assets
Stocks: 0 0
Debtors: 4 8,573 10,955
Cash at bank and in hand: 2,724 15,995
Total current assets: 11,297 26,950
Creditors: amounts falling due within one year: 5 (19,406) (20,666)
Net current assets (liabilities): (8,109) 6,284
Total assets less current liabilities: (3,272) 11,277
Provision for liabilities: (920) (950)
Total net assets (liabilities): (4,192) 10,327
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (4,202) 10,317
Shareholders funds: (4,192) 10,327

The notes form part of these financial statements

CHILLI SOURCE SOFTWARE LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: S Hadnum
Status: Director

The notes form part of these financial statements

CHILLI SOURCE SOFTWARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excludingdiscounts, rebates, value added tax and other sales taxes

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over itsestimated useful life.Fixtures and fittings - 20% on cost

Other accounting policies

TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Statementof Income and Retained Earnings, except to the extent that it relates to items recognised inother 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 thathave been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but notreversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments inperiods different from those in which they are recognised in financial statements. Deferredtax is measured using tax rates and laws that have been enacted or substantively enactedby 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 itis probable that they will be recovered against the reversal of deferred tax liabilities or otherfuture taxable profits.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to thecompany's pension scheme are charged to profit or loss in the period to which they relate.

CHILLI SOURCE SOFTWARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 3 2

CHILLI SOURCE SOFTWARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 5,767
Additions 1,148
At 31 October 2023 6,915
Depreciation
At 01 November 2022 774
Charge for year 1,304
At 31 October 2023 2,078
Net book value
At 31 October 2023 4,837
At 31 October 2022 4,993

CHILLI SOURCE SOFTWARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

CHILLI SOURCE SOFTWARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

There are no secured creditors.