Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity1614truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11814927 2023-02-01 2024-01-31 11814927 2022-02-01 2023-01-31 11814927 2024-01-31 11814927 2023-01-31 11814927 c:Director1 2023-02-01 2024-01-31 11814927 c:Director2 2023-02-01 2024-01-31 11814927 d:PlantMachinery 2023-02-01 2024-01-31 11814927 d:PlantMachinery 2024-01-31 11814927 d:PlantMachinery 2023-01-31 11814927 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11814927 d:OfficeEquipment 2023-02-01 2024-01-31 11814927 d:OfficeEquipment 2024-01-31 11814927 d:OfficeEquipment 2023-01-31 11814927 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11814927 d:ComputerEquipment 2023-02-01 2024-01-31 11814927 d:ComputerEquipment 2024-01-31 11814927 d:ComputerEquipment 2023-01-31 11814927 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11814927 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11814927 d:CurrentFinancialInstruments 2024-01-31 11814927 d:CurrentFinancialInstruments 2023-01-31 11814927 d:Non-currentFinancialInstruments 2024-01-31 11814927 d:Non-currentFinancialInstruments 2023-01-31 11814927 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11814927 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11814927 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 11814927 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 11814927 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 11814927 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 11814927 d:ShareCapital 2024-01-31 11814927 d:ShareCapital 2023-01-31 11814927 d:RetainedEarningsAccumulatedLosses 2024-01-31 11814927 d:RetainedEarningsAccumulatedLosses 2023-01-31 11814927 c:FRS102 2023-02-01 2024-01-31 11814927 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11814927 c:FullAccounts 2023-02-01 2024-01-31 11814927 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11814927 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 11814927









PURPLE CHILLI LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
PURPLE CHILLI LTD
REGISTERED NUMBER: 11814927

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
244,147
210,762

  
244,147
210,762

Current assets
  

Debtors: amounts falling due within one year
 5 
91,917
107,570

Cash at bank and in hand
 6 
1,704
1,767

  
93,621
109,337

Creditors: amounts falling due within one year
 7 
(259,528)
(186,613)

Net current liabilities
  
 
 
(165,907)
 
 
(77,276)

Total assets less current liabilities
  
78,240
133,486

Creditors: amounts falling due after more than one year
 8 
(19,016)
(19,884)

  

Net assets
  
59,224
113,602


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
59,204
113,582

  
59,224
113,602


Page 1

 
PURPLE CHILLI LTD
REGISTERED NUMBER: 11814927
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Woolley
................................................
W J C Lang
Director
Director


Date: 23 October 2024
Date:23 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PURPLE CHILLI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Purple Chilli Ltd is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, England N3 1LF. The registered company number is 11814927. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PURPLE CHILLI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight - line method and reducing balance method as below. 

Depreciation is provided on the following basis:

Plant and machinery
-
12.5% reducing balance basis
Office equipment
-
3 years straight line
Computer equipment
-
25% reducing balance basis

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
PURPLE CHILLI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 14).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
291,868
1,889
1,041
294,798


Additions
68,390
-
-
68,390



At 31 January 2024

360,258
1,889
1,041
363,188



Depreciation


At 1 February 2023
82,170
1,410
455
84,035


Charge for the year on owned assets
34,703
157
146
35,006



At 31 January 2024

116,873
1,567
601
119,041



Net book value



At 31 January 2024
243,385
322
440
244,147



At 31 January 2023
209,698
479
585
210,762

Page 5

 
PURPLE CHILLI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
33,022
42,845

Other debtors
53,524
62,713

Prepayments and accrued income
5,371
2,012

91,917
107,570



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,704
1,767

1,704
1,767



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,496
4,496

Corporation tax
23,956
18,969

Other taxation and social security
58,124
56,097

Other creditors
93,230
58,995

Accruals and deferred income
79,722
48,056

259,528
186,613



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
19,016
19,884

19,016
19,884


Page 6

 
PURPLE CHILLI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
19,016
19,884

19,016
19,884



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,579 (2023: £1,240).


11.


Related party transactions

Included in other creditors is £2,051 (2023: £2,051) owed to New Rig Music Limited, a company with common directorship. 

 
Page 7