Chisel and Vice Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09368821

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2		632

			2		632
CURRENT ASSETS
Debtors	5	688		881

		688		881
Creditors: Amounts Falling Due Within One Year	6	(15,784 )		(12,410 )

NET CURRENT ASSETS (LIABILITIES)			(15,096 )		(11,529 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(15,094 )		(10,897 )

NET LIABILITIES			(15,094 )		(10,897 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(15,095 )		(10,898 )

SHAREHOLDERS' FUNDS			(15,094)		(10,897)

Page 1

Page 2

Chisel and Vice Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 Profit and Loss Account.

On behalf of the board

Mr Tobias Collier

Director

15/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Chisel and Vice Ltd Registered number 09368821 is a limited by shares company incorporated in England & Wales. The Registered Office is 33 Broomhill Road, Woodford Green, Essex, IG8 9HD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Motor Vehicles	20% reducing balance
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	-	1,367	2,380	3,747

As at 31 December 2025	-	1,367	2,380	3,747

Depreciation
As at 1 January 2025	(350 )	1,366	2,099	3,115
Provided during the period	350	-	280	630

As at 31 December 2025	-	1,366	2,379	3,745

Net Book Value
As at 31 December 2025	-	1	1	2

As at 1 January 2025	350	1	281	632

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Chisel and Vice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	360	600
VAT	328	281

	688	881

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(193 )	(194 )
Bank loans and overdrafts	5,321	11,310
Corporation tax	-	(1,306 )
Accruals and deferred income	534	634
Director's loan account	10,122	1,966

	15,784	12,410

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

8. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from the director:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Tobias Collier	1,966	8,156	-	-	10,122

The above loan from the director is unsecured and interest free.

9. Ultimate Controlling Party

The company's ultimate controlling party is Tobias Collier by virtue of his ownership of 100% of the issued share capital in the company.