Chilli Pepper Pete Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06508044 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 April 2021

for

Chilli Pepper Pete Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

Mr P N Murrell

Mrs F Murrell

REGISTERED OFFICE:

3 Southwood Grove

Wadsley Park Village

Sheffield

South Yorkshire

S6 1XD

REGISTERED NUMBER:

06508044 (England and Wales)

ACCOUNTANTS:

Turner Beaumont & Co Ltd

Chartered Accountants

Thorncliffe Mews

Thorncliffe Park Estate

Chapeltown

Sheffield

S35 2PH

FIXED ASSETS

Intangible assets

4

41,000

49,200

Tangible assets

5

15,581

21,100

56,581

70,300

CURRENT ASSETS

Stocks

12,000

11,500

Debtors

6

48,048

57,117

Cash at bank and in hand

39,633

2,351

99,681

70,968

CREDITORS

Amounts falling due within one year

7

193,019

192,022

NET CURRENT LIABILITIES

(93,338

)

(121,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,757

)

(50,754

)

PROVISIONS FOR LIABILITIES

2,960

-

NET LIABILITIES

(39,717

)

(50,754

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(39,817

)

(50,854

)

SHAREHOLDERS' FUNDS

(39,717

)

(50,754

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2021 and were signed on its behalf by:

Mr P N Murrell - Director

1.	STATUTORY INFORMATION

Chilli Pepper Pete Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2020

and 30 April 2021

82,000

AMORTISATION

At 1 May 2020

32,800

Charge for year

8,200

At 30 April 2021

41,000

NET BOOK VALUE

At 30 April 2021

41,000

At 30 April 2020

49,200

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2020

13,200

20,808

34,008

Additions

-

3,949

3,949

Disposals

-

(12,429

)

(12,429

)

At 30 April 2021

13,200

12,328

25,528

DEPRECIATION

At 1 May 2020

-

12,908

12,908

Charge for year

-

2,724

2,724

Eliminated on disposal

-

(5,685

)

(5,685

)

At 30 April 2021

-

9,947

9,947

NET BOOK VALUE

At 30 April 2021

13,200

2,381

15,581

At 30 April 2020

13,200

7,900

21,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

46,337

55,834

Other debtors

1,711

1,283

48,048

57,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

2,389

4,727

Taxation and social security

17,951

5,131

Other creditors

172,679

182,164

193,019

192,022

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chilli Pepper Pete Ltd for the year ended 30 April 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chilli Pepper Pete Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chilli Pepper Pete Ltd and state those matters that we have agreed to state to the Board of Directors of Chilli Pepper Pete Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chilli Pepper Pete Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chilli Pepper Pete Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chilli Pepper Pete Ltd. You consider that Chilli Pepper Pete Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chilli Pepper Pete Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Turner Beaumont & Co Ltd

Chartered Accountants

Thorncliffe Mews

Thorncliffe Park Estate

Chapeltown

Sheffield

S35 2PH

Date: .............................................