Chuckles (UK) Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 06497677

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,499		5,999
Tangible Assets	5		651		766

			5,150		6,765
CURRENT ASSETS
Debtors	6	7,058		6,280
Cash at bank and in hand		3,160		3,302

		10,218		9,582
Creditors: Amounts Falling Due Within One Year	7	(8,144 )		(3,095 )

NET CURRENT ASSETS (LIABILITIES)			2,074		6,487

TOTAL ASSETS LESS CURRENT LIABILITIES			7,224		13,252

Creditors: Amounts Falling Due After More Than One Year	8		(7,000 )		(13,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(124 )		(146 )

NET ASSETS			100		106

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			-		6

SHAREHOLDERS' FUNDS			100		106

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Chuckles (UK) Limited

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mrs Louisa Smalley

Director

15 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Chuckles (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06497677 . The registered office is 11-13 Hockerill Street, Bishop's Stortford, CM23 2DH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5 Year SLM
Plant & Machinery	15% RBM
Computer Equipment	3 Year SLM

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Chuckles (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 11)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	30,000

As at 31 March 2025	30,000

Amortisation
As at 1 April 2024	24,001
Provided during the period	1,500

As at 31 March 2025	25,501

Net Book Value
As at 31 March 2025	4,499

As at 1 April 2024	5,999

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	43,030	4,123	2,651	49,804

As at 31 March 2025	43,030	4,123	2,651	49,804

...CONTINUED

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Chuckles (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	43,030	3,357	2,651	49,038
Provided during the period	-	115	-	115

As at 31 March 2025	43,030	3,472	2,651	49,153

Net Book Value
As at 31 March 2025	-	651	-	651

As at 1 April 2024	-	766	-	766

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,126	2,943
Director's loan account	5,932	3,337

	7,058	6,280

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	(3 )
Corporation tax	2,529	1,543
Other taxes and social security	365	-
Pension (Current liabilities - creditors < 1 year)	212	130
Accruals and deferred income	5,039	1,425

	8,144	3,095

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,000	13,000

9. Deferred Taxation

Deferred tax has arisen mainly due to differences between accounting and tax depreciation on fixed assets.The deferred tax has been calculated at a corporation tax rate.

	2025	2024
	£	£
Other timing differences	124	146

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Chuckles (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

At the balance sheet date, the director owed the company £5,932 (2024: £3,337). This amount is included within debtors.

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mrs Louisa Smalley	3,337	7,318	4,723	-	5,932

The above loan is unsecured, and repayable on demand.

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