Company Registration No. 08919618 (England and Wales)
Chilli Promotional Products Limited
Unaudited accounts
for the year ended 31 March 2025
Chilli Promotional Products Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,530
2,341
Cash at bank and in hand
35,202
55,765
Creditors: amounts falling due within one year
(39,173)
(65,406)
Net current assets
555
11,092
Total assets less current liabilities
2,085
13,433
Creditors: amounts falling due after more than one year
(1,668)
(11,667)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
26
1,666
Shareholders' funds
126
1,766
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 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 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 and authorised for issue on 28 November 2025 and were signed on its behalf by
Jody Fletcher
Director
Company Registration No. 08919618
Chilli Promotional Products Limited
Notes to the Accounts
for the year ended 31 March 2025
Chilli Promotional Products Limited is a private company, limited by shares, registered in England and Wales, registration number 08919618. The registered office is 28 High Street, Bidford on Avon, Warks, B50 4AA, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
25% straight line
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Chilli Promotional Products Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
4,426
20,733
Accrued income and prepayments
100
-
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Taxes and social security
1,411
4,847
Loans from directors
21,383
36,013
Chilli Promotional Products Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Deferred taxation
2025
2024
Accelerated capital allowances
291
-
Charged to the profit and loss account
291
-
Provision at end of year
291
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 3 (2024: 2).