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REGISTERED NUMBER: 07251382 (England and Wales)


Financial Statements for the Year Ended 31 May 2022

for

Nish & Chips Ltd

Nish & Chips Ltd (Registered number: 07251382)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nish & Chips Ltd

Company Information
for the Year Ended 31 May 2022







DIRECTORS: Mr Anish Kehar Khinda
Mrs Sharita Khinda





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 07251382 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Nish & Chips Ltd (Registered number: 07251382)

Statement of Financial Position
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 53,856 9,967

CURRENT ASSETS
Inventories 4,284 5,665
Debtors 5 1,721 2,013
Cash at bank and in hand 36,071 34,975
42,076 42,653
CREDITORS
Amounts falling due within one year 6 43,297 13,272
NET CURRENT (LIABILITIES)/ASSETS (1,221 ) 29,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,635

39,348

CREDITORS
Amounts falling due after more than one
year

7

27,942

35,000
NET ASSETS 24,693 4,348

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 24,593 4,248
SHAREHOLDERS' FUNDS 24,693 4,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

Nish & Chips Ltd (Registered number: 07251382)

Statement of Financial Position - continued
31 May 2022


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 18 August 2022 and were signed on its behalf by:





Mr Anish Kehar Khinda - Director


Nish & Chips Ltd (Registered number: 07251382)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Nish & Chips 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.

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 - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2021 16,403
Additions 61,841
At 31 May 2022 78,244
DEPRECIATION
At 1 June 2021 6,436
Charge for year 17,952
At 31 May 2022 24,388
NET BOOK VALUE
At 31 May 2022 53,856
At 31 May 2021 9,967

Nish & Chips Ltd (Registered number: 07251382)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade debtors - 586
Other debtors 1,721 1,427
1,721 2,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade creditors 36,810 -
Taxation and social security 5,123 11,588
Other creditors 1,364 1,684
43,297 13,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans 27,942 35,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.22 31.5.21
value: £    £   
100 Ordinary £1 100 100