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Registered number: 10858662

Chilli Penguin Stoves Ltd

ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

Prepared By:

John Tudor

Chartered Certified Accountant

3 Kingshead

Pwllheli

Gwynedd

LL53 5DR

Chilli Penguin Stoves Ltd

ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

DIRECTORS

Stephen Charles Harman

Karen Ruth Harris

James Portsmouth

REGISTERED OFFICE

11-13 Glan Y Don Industrial Estate

Pwllheli

Gwynedd

LL53 5YT

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 10858662

ACCOUNTANTS

John Tudor

Chartered Certified Accountant

3 Kingshead

Pwllheli

Gwynedd

LL53 5DR

Chilli Penguin Stoves Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2026
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Chilli Penguin Stoves Ltd

BALANCE SHEET AT 31/03/2026
						2026				2025
		Notes				£				£
FIXED ASSETS
Tangible assets		2				180,082				221,960
CURRENT ASSETS
Stock				136,917				88,745
Debtors		4		24,663				48,710
Cash at bank and in hand				94,691				102,361
				256,271				239,816
CREDITORS: Amounts falling due within one year		5		132,935				164,448
NET CURRENT ASSETS						123,336				75,368
TOTAL ASSETS LESS CURRENT LIABILITIES						303,418				297,328
CAPITAL AND RESERVES
Called up share capital		7				100				100
Profit and loss account						303,318				297,228
SHAREHOLDERS' FUNDS						303,418				297,328
For the year ending 31/03/2026 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/05/2026 and signed on their behalf by
.............................
Stephen Charles Harman
Director
.............................
Karen Ruth Harris
Director

Chilli Penguin Stoves Ltd

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings		reducing balance 2.5%
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Chilli Penguin Stoves Ltd

1e. Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

1f. Taxation

Taxation represents the sum of tax currently payable. 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.

2. TANGIBLE FIXED ASSETS
		Land And		Plant and
		Buildings		Machinery Etc.		Total
		£		£		£
Cost
At 01/04/2025		140,000		229,779		369,779
Additions		-		288		288
Disposals		-		(42,820)		(42,820)
At 31/03/2026		140,000		187,247		327,247
Depreciation
At 01/04/2025		12,226		135,593		147,819
Disposals		-		(22,918)		(22,918)
For the year		3,833		18,431		22,264
At 31/03/2026		16,059		131,106		147,165
Net Book Amounts
At 31/03/2026		123,941		56,141		180,082
At 31/03/2025		127,774		94,186		221,960

3. STOCK				2026		2025
				£		£
Stock comprises:
Stock				136,917		88,745
				136,917		88,745

Chilli Penguin Stoves Ltd

4. DEBTORS				2026		2025
				£		£
Amounts falling due within one year:
Trade debtors				14,663		48,710
Other debtors				10,000		-
				24,663		48,710

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2026		2025
				£		£
Bank loans and overdrafts				1,662		16,542
Trade creditors				81,725		126,254
Taxation and social security				45,526		17,137
Other creditors				4,022		4,515
				132,935		164,448

6. EMPLOYEES
				2026		2025
				No.		No.
Average number of employees				16		22

Chilli Penguin Stoves Ltd

7. SHARE CAPITAL				2026		2025
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100