Registered number
10694919
RED CHILLI LONDON (UK) LTD
Filleted Accounts
31 May 2024
RED CHILLI LONDON (UK) LTD
Registered number: 10694919
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,870 52,337
Current assets
Stocks 3,485 3,295
Debtors 4 153,090 178,079
Cash at bank and in hand 242,903 176,082
399,478 357,456
Creditors: amounts falling due within one year 5 (77,881) (67,846)
Net current assets 321,597 289,610
Net assets 363,467 341,947
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 362,467 340,947
Shareholders' funds 363,467 341,947
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.
Mohammed Abdul Milad
Director
Approved by the board on 13 September 2024
RED CHILLI LONDON (UK) LTD
Notes to the Accounts
for the year ended 31 May 2024
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 18
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 63,526 89,873 153,399
At 31 May 2024 63,526 89,873 153,399
Depreciation
At 1 June 2023 37,385 63,677 101,062
Charge for the year 5,228 5,239 10,467
At 31 May 2024 42,613 68,916 111,529
Net book value
At 31 May 2024 20,913 20,957 41,870
At 31 May 2023 26,141 26,196 52,337
4 Debtors 2024 2023
£ £
Trade debtors 3,090 2,318
Hamida Property 150,000 175,000
Other debtors - 761
153,090 178,079
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors current account - 2,750
Trade creditors 13,510 11,825
Taxation and social security costs 46,998 37,311
Other creditors 17,373 15,960
77,881 67,846
6 Other information
RED CHILLI LONDON (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
44 Battersea Rise
London
SW11 1EE
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