IRIS Accounts Productionv24.1.4.3304145645Board of Directors1.1.2331.12.2331.12.23falsetruefalsefalsefalsetruefalse'A' Ordinary1.00000'B' Ordinary1.00000'C' Ordinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041456452022-12-31041456452023-12-31041456452023-01-012023-12-31041456452021-12-31041456452022-01-012022-12-31041456452022-12-3104145645ns15:EnglandWales2023-01-012023-12-3104145645ns14:PoundSterling2023-01-012023-12-3104145645ns10:Director12023-01-012023-12-3104145645ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104145645ns10:SmallEntities2023-01-012023-12-3104145645ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104145645ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104145645ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104145645ns10:AbridgedAccounts2023-01-012023-12-310414564512023-01-012023-12-3104145645ns10:OrdinaryShareClass12023-01-012023-12-3104145645ns10:OrdinaryShareClass22023-01-012023-12-3104145645ns10:OrdinaryShareClass32023-01-012023-12-3104145645ns10:Director22023-01-012023-12-3104145645ns10:RegisteredOffice2023-01-012023-12-3104145645ns5:CurrentFinancialInstruments2023-12-3104145645ns5:CurrentFinancialInstruments2022-12-3104145645ns5:Non-currentFinancialInstruments2023-12-3104145645ns5:Non-currentFinancialInstruments2022-12-3104145645ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104145645ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3104145645ns5:PlantMachinery2023-01-012023-12-3104145645ns5:MotorVehicles2023-01-012023-12-3104145645ns5:ComputerEquipment2023-01-012023-12-3104145645ns10:OrdinaryShareClass12023-12-3104145645ns10:OrdinaryShareClass22023-12-3104145645ns10:OrdinaryShareClass32023-12-3104145645ns5:RetainedEarningsAccumulatedLosses2022-12-3104145645ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3104145645ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3104145645ns5:RetainedEarningsAccumulatedLosses2023-12-3104145645ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-31041456451ns10:Director12022-12-31041456451ns10:Director12021-12-31041456451ns10:Director12023-01-012023-12-31041456451ns10:Director12022-01-012022-12-31041456451ns10:Director12023-12-31041456451ns10:Director12022-12-3104145645ns10:Director222022-12-3104145645ns10:Director222021-12-3104145645ns10:Director222023-01-012023-12-3104145645ns10:Director222022-01-012022-12-3104145645ns10:Director222023-12-3104145645ns10:Director222022-12-31

REGISTERED NUMBER: 04145645 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR


CHILLI GRAPHICS LIMITED


CHILLI GRAPHICS LIMITED (REGISTERED NUMBER: 04145645)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023











Page



Company Information  

1



Abridged Balance Sheet  

2



Notes to the Financial Statements  

4




CHILLI GRAPHICS LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

Ms L F Di-Lella


M F Hole







REGISTERED OFFICE:

The Parlour, Warren Farm


Thornwell Road


Wilmington


Polegate


East Sussex


BN26 6RL







REGISTERED NUMBER:

04145645 (England and Wales)







ACCOUNTANTS:

Oreka Accounting Limited


3 Juziers Drive


East Hoathly


East Sussex


BN8 6AE


CHILLI GRAPHICS LIMITED (REGISTERED NUMBER: 04145645)


ABRIDGED BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

20,850


22,179



Tangible assets

5

27,607


37,167



48,457


59,346




CURRENT ASSETS

Stocks

2,000


6,264



Debtors

28,067


29,471



Cash at bank and in hand

23,778


22,617



53,845


58,352



CREDITORS

Amounts falling due within one year

44,853


33,507



NET CURRENT ASSETS

8,992


24,845



TOTAL ASSETS LESS CURRENT LIABILITIES

57,449


84,191




CREDITORS

Amounts falling due after more than one year

6

31,338


37,123



NET ASSETS

26,111


47,068




CAPITAL AND RESERVES

Called up share capital

7

900


900



Other reserves

8

20,000


30,000



Retained earnings

8

5,211


16,168



SHAREHOLDERS' FUNDS

26,111


47,068




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.


CHILLI GRAPHICS LIMITED (REGISTERED NUMBER: 04145645)


ABRIDGED BALANCE SHEET - continued

31 DECEMBER 2023



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


All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.  


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 4 September 2024 and were signed on its behalf by:






M F Hole - Director



CHILLI GRAPHICS LIMITED (REGISTERED NUMBER: 04145645)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023



1.

STATUTORY INFORMATION



Chilli Graphics Limited 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 the value of goods, net of VAT, provided to customers during the year, plus the value of work, net of VAT, completed during the year with respect to services.



Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


Development costs are being amortised evenly over their estimated useful life of five years.



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

-    

33% on reducing balance, 25% on cost and 25% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

33% on reducing balance



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CHILLI GRAPHICS LIMITED (REGISTERED NUMBER: 04145645)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 5 (2022 - 4 ) .


4.

INTANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 January 2023

22,179




Additions

3,285




At 31 December 2023

25,464




AMORTISATION


Amortisation for year

4,614




At 31 December 2023

4,614




NET BOOK VALUE



At 31 December 2023

20,850




At 31 December 2022

22,179




5.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 January 2023

97,895




Additions

4,496




Disposals

(1,558

)



At 31 December 2023

100,833




DEPRECIATION


At 1 January 2023

60,728




Charge for year

12,498




At 31 December 2023

73,226




NET BOOK VALUE


At 31 December 2023

27,607




At 31 December 2022

37,167




6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS


2023

2022


£   

£   



Repayable by instalments


Bank loans more 5 yr by instal

8,197


13,982




CHILLI GRAPHICS LIMITED (REGISTERED NUMBER: 04145645)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



400

'A' Ordinary

£1

400


400




400

'B' Ordinary

£1

400


400




100

'C'

Ordinary

£1

100


100



900


900




8.

RESERVES


Retained


Other



earnings


reserves


Totals

£   

£   

£   




At 1 January 2023

16,168


30,000


46,168




Profit for the year

23,071


23,071




Dividends

(44,028

)

(44,028

)



Reserves transfer

10,000


(10,000

)

-




At 31 December 2023

5,211


20,000


25,211




9.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:


2023

2022


£   

£   



M F Hole


Balance outstanding at start of year

2,936


170




Amounts advanced

4,249


9,346




Amounts repaid

(6,183

)

(6,580

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

1,002


2,936





Ms L F Di-Lella


Balance outstanding at start of year

182


1,820




Amounts advanced

2,869


212




Amounts repaid

(182

)

(1,850

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

2,869


182




These loans are interest free and repayable on demand.

10.

RELATED PARTY DISCLOSURES



During the year, total dividends of £44,028 (2022 - £41,946) were paid to the directors .