SWEET & CHILLI LIMITED


Directors	GAGE, Allan
	HUTCHISON, Emma


Company Secretary	GAGE, Allan


Registered Address	Ground Floor
	8 Holyrood Street
	London
	SE1 2EL


Registered Number	06179812 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		38,959		46,940
			38,959		46,940
Current assets
Stocks	4	107,530		124,776
Debtors		1,237,267		1,370,575
Current asset investments		20,045		20,045
Cash at bank and on hand		181,570		866,153
		1,546,412		2,381,549
Creditors amounts falling due within one year	5	(307,015)		(543,125)
Net current assets (liabilities)			1,239,397		1,838,424
Total assets less current liabilities			1,278,356		1,885,364
Provisions for liabilities	6		(9,740)		(12,598)
Net assets			1,268,616		1,872,766
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,268,516		1,872,666
Shareholders' funds			1,268,616		1,872,766

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2025, and are signed on its behalf by:

GAGE, Allan
Director
Registered Company No. 06179812

SWEET & CHILLI LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	33
	Fixtures and fittings	33
	Vehicles	20
	Office Equipment	33

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	35		34

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	179,351	299,902	88,350	567,603
Additions	1,511	4,450	4,614	10,575
Disposals	(1,183)	-	(103)	(1,286)
At 31 March 25	179,679	304,352	92,861	576,892
Depreciation and impairment
At 01 April 24	165,330	283,715	71,618	520,663
Charge for year	4,735	6,810	7,010	18,555
On disposals	(1,183)	-	(102)	(1,285)
At 31 March 25	168,882	290,525	78,526	537,933
Net book value
At 31 March 25	10,797	13,827	14,335	38,959
At 31 March 24	14,021	16,187	16,732	46,940

4.	Stocks

	2025	2024
	£	£
Other stocks	107,530	124,776
Total	107,530	124,776

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	87,453	232,075
Bank borrowings and overdrafts	76,666	102,478
Amounts owed to related parties	8,897	554
Taxation and social security	64,527	117,924
Other creditors	5,189	6,563
Accrued liabilities and deferred income	64,283	83,531
Total	307,015	543,125


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	9,740	12,598
Total	9,740	12,598

7.	Other commitments
	Other creditors include a Bounce Back Loan repayable as follows: Within one year £50,000, one to two years £7,636 (31 March 2024 Within one year £50,000, one to two years £50,000, two to three years £2,478).