Chilli Communication Limited Filleted accounts for Companies House (small and micro)
Chilli Communication Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10963012
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Statement of Financial Position |
30 Sep 18 |
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Note |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
10 June 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
10963012
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Notes to the Financial Statements |
Period from 14 September 2017 to 30 September 2018
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Mintworks Suite 7, 124 Highgate, Kendal, Cumbria, LA9 4HE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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25% reducing balance |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Tangible assets
Equipment |
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£ |
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Cost |
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At 14 September 2017 |
– |
Additions |
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At 30 September 2018 |
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Depreciation |
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At 14 September 2017 |
– |
Charge for the period |
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At 30 September 2018 |
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Carrying amount |
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At 30 September 2018 |
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---- |
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5.
Debtors
30 Sep 18 |
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£ |
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Trade debtors |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
30 Sep 18 |
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£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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7.
Director's advances, credits and guarantees
During the period
Miss C J Page
, the sole director and 100% shareholder, provided a loan to the company amounting to £1,095 as at 30 September 2018. This loan was not overdrawn at any point during the period. The director also charged the company £10,537 for professional services undertaken during the period. All transactions were conducted at market value.