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Company Registration No. 12241766 (England and Wales)
Chipsta Slough Ltd Unaudited accounts for the year ended 30 June 2023
Chipsta Slough Ltd Unaudited accounts Contents
Page
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Chipsta Slough Ltd Company Information for the year ended 30 June 2023
Directors
M I Monir M Khalil
Company Number
12241766 (England and Wales)
Registered Office
Unit 19 Slough Business Park 94 Farnham Road Slough Berkshire SL1 3FQ United Kingdom
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Chipsta Slough Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
131,358 
158,031 
Current assets
Inventories
2,500 
- 
Debtors
539 
- 
Cash at bank and in hand
31,073 
5,373 
34,112 
5,373 
Creditors: amounts falling due within one year
(249,970)
(222,611)
Net current liabilities
(215,858)
(217,238)
Net liabilities
(84,500)
(59,207)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(84,504)
(59,211)
Shareholders' funds
(84,500)
(59,207)
For the year ending 30 June 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
M I Monir Director Company Registration No. 12241766
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Chipsta Slough Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Chipsta Slough Ltd is a private company, limited by shares, registered in England and Wales, registration number 12241766. The registered office is Unit 19 Slough Business Park, 94 Farnham Road, Slough, Berkshire, SL1 3FQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Chipsta Slough Ltd Notes to the Accounts for the year ended 30 June 2023
Going concern
The directors have considered the period ahead and anticipate further losses in the coming year. The directors believe that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the directors also believe that the company is well placed to manage its business risks successfully. As such, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
165,994 
Additions
6,167 
At 30 June 2023
172,161 
Depreciation
At 1 July 2022
7,963 
Charge for the year
32,840 
At 30 June 2023
40,803 
Net book value
At 30 June 2023
131,358 
At 30 June 2022
158,031 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
539 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
59,170 
- 
Trade creditors
9,103 
- 
Amounts owed to group undertakings and other participating interests
154,495 
216,761 
Taxes and social security
8,146 
- 
Other creditors
17,206 
- 
Loans from directors
- 
5,000 
Accruals
1,850 
850 
249,970 
222,611 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
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Chipsta Slough Ltd Notes to the Accounts for the year ended 30 June 2023
8
Transactions with related parties
Included in creditors due within one year are the amounts of £nil (2022: £17,650) owed to Treatz Franchising Ltd, £35,000 (2022: £35,000) owed to Cafetreatz Ltd, £Nil (2022: £49,616) owed to Slik Foods Ltd and £119,495 (2022: £114,495) owed to Cafetreatz Slough Ltd. Included in other creditors due within one year are the amounts of £Nil (2022: £2,500) and £Nil (2022: £2,500) owed to Mr M Khalil & Mr M I Monir respectively.
9
Controlling party
Both directors are regarded as controlling parties and as such there is no single ultimate controlling party for this and preceding period.
10
Average number of employees
During the year the average number of employees was 10 (2022: 0).
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