Company Registration No. 15157401 (England and Wales)
Chipsta Sl1 Limited
Unaudited accounts
for the period from 22 September 2023 to 30 June 2024
Chipsta Sl1 Limited
Unaudited accounts
Contents
Chipsta Sl1 Limited
Company Information
for the period from 22 September 2023 to 30 June 2024
Directors
M I Monir
M Khalil
Company Number
15157401 (England and Wales)
Registered Office
Unit 19 Slough Business Park
94 Farnham Road
Slough
SL1 3FQ
England
Chipsta Sl1 Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
387
Creditors: amounts falling due within one year
(3,789)
Net current liabilities
(3,402)
Profit and loss account
(3,403)
Shareholders' funds
(3,402)
For the period ending 30 June 2024 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 16 June 2025 and were signed on its behalf by
M I Monir
Director
Company Registration No. 15157401
Chipsta Sl1 Limited
Notes to the Accounts
for the period from 22 September 2023 to 30 June 2024
Chipsta Sl1 Limited is a private company, limited by shares, registered in England and Wales, registration number 15157401. The registered office is Unit 19 Slough Business Park, 94 Farnham Road, Slough, SL1 3FQ, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
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 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 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.
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.
Chipsta Sl1 Limited
Notes to the Accounts
for the period from 22 September 2023 to 30 June 2024
4
Creditors: amounts falling due within one year
2024
Amounts owed to group undertakings and other participating interests
19,500
Allotted, called up and fully paid:
0 Ordinary shares of £100 each
1
Shares issued during the period:
0 Ordinary shares of £100 each
1
6
Transactions with related parties
Included in other creditors due within one year are the amounts of £900 and £900 owed to Mr M Khalil & Mr M I Monir respectively.
7
Average number of employees
During the period the average number of employees was 0.