Company Registration No. 10325447 (England and Wales)
Blue Chilli Flying Limited
Unaudited accounts
for the year ended 31 March 2025
Blue Chilli Flying Limited
Unaudited accounts
Contents
Blue Chilli Flying Limited
Company Information
for the year ended 31 March 2025
Directors
S C Hope
K A Willars
Company Number
10325447 (England and Wales)
Registered Office
Unit 33 and 34 Building 115
Bedford Technology Park
Bedford
Buckinghamshire
MK44 2YA
United Kingdom
Accountants
Julie Wilmer Accountancy Services Ltd
Cherry Tree House
12A West Side Rise
Olney
Bucks
MK46 5HP
Blue Chilli Flying Limited
Statement of financial position
as at 31 March 2025
Tangible assets
94,550
71,752
Cash at bank and in hand
287,737
293,587
Creditors: amounts falling due within one year
(180,609)
(272,604)
Net current assets
192,871
143,529
Total assets less current liabilities
287,421
215,281
Provisions for liabilities
Deferred tax
(23,638)
(17,364)
Net assets
263,783
197,917
Called up share capital
100
100
Profit and loss account
263,683
197,817
Shareholders' funds
263,783
197,917
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 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 23 October 2025 and were signed on its behalf by
S C Hope
Director
Company Registration No. 10325447
Blue Chilli Flying Limited
Notes to the Accounts
for the year ended 31 March 2025
Blue Chilli Flying Limited is a private company, limited by shares, registered in England and Wales, registration number 10325447. The registered office is Unit 33 and 34 Building 115, Bedford Technology Park, Bedford, Buckinghamshire, MK44 2YA, United Kingdom.
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 remained unchanged from the previous year, and also 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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Blue Chilli Flying Limited
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
255,115
36,045
291,160
Disposals
(1,666)
-
(1,666)
At 31 March 2025
304,986
36,045
341,031
At 1 April 2024
210,349
9,059
219,408
Charge for the year
20,178
8,561
28,739
On disposals
(1,666)
-
(1,666)
At 31 March 2025
228,861
17,620
246,481
At 31 March 2025
76,125
18,425
94,550
At 31 March 2024
44,766
26,986
71,752
Amounts falling due within one year
Trade debtors
72,655
70,668
Other debtors
13,088
51,878
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,883
20,163
Taxes and social security
95,265
87,874
Other creditors
1,943
1,549
Loans from directors
2,797
21,870
Deferred income
70,871
139,148
Blue Chilli Flying Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
30,840
30,840
Later than one year and not later than five years
34,767
49,767
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Average number of employees
During the year the average number of employees was 4 (2024: 4).