REGISTERED NUMBER: 04145645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHILLI GRAPHICS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

15,758

20,850

Tangible assets

5

19,228

27,607

34,986

48,457

CURRENT ASSETS

Stocks

1,000

2,000

Debtors

25,171

28,067

Cash at bank and in hand

9,764

23,778

35,935

53,845

CREDITORS

Amounts falling due within one year

43,453

44,853

NET CURRENT (LIABILITIES)/ASSETS

(7,518

)

8,992

TOTAL ASSETS LESS CURRENT LIABILITIES

27,468

57,449

CREDITORS

Amounts falling due after more than one year

6

25,552

31,338

NET ASSETS

1,916

26,111

CAPITAL AND RESERVES

Called up share capital

7

900

900

Other reserves

8

1,000

20,000

Retained earnings

8

16

5,211

SHAREHOLDERS' FUNDS

1,916

26,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 2024 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 16 September 2025 and were signed on its behalf by:

M F Hole - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

25,464

AMORTISATION

At 1 January 2024

4,614

Amortisation for year

5,092

At 31 December 2024

9,706

NET BOOK VALUE

At 31 December 2024

15,758

At 31 December 2023

20,850

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

100,833

Additions

270

At 31 December 2024

101,103

DEPRECIATION

At 1 January 2024

73,226

Charge for year

8,649

At 31 December 2024

81,875

NET BOOK VALUE

At 31 December 2024

19,228

At 31 December 2023

27,607

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans more 5 yr by instal

2,411

8,197

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

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 2024

5,211

20,000

25,211

Profit for the year

18,625

18,625

Dividends

(42,820

)

(42,820

)

Reserves transfer

19,000

(19,000

)

-

At 31 December 2024

16

1,000

1,016

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M F Hole

Balance outstanding at start of year

1,002

2,936

Amounts advanced

7,683

4,249

Amounts repaid

(10,257

)

(6,183

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,572

)

1,002

Ms L F Di-Lella

Balance outstanding at start of year

2,869

182

Amounts advanced

2,184

2,869

Amounts repaid

(2,911

)

(182

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,142

2,869

These loans are interest free and repayable on demand.