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REGISTERED NUMBER: 08860698 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 January 2022

for

Rio's QC's Fish Bar Ltd

Rio's QC's Fish Bar Ltd (Registered number: 08860698)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Rio's QC's Fish Bar Ltd

Company Information
for the Year Ended 31 January 2022







DIRECTOR: M Z R Saleem





REGISTERED OFFICE: 1826 Pershore Road
Kings Norton
Birmingham
West Midlands
B30 3AU





REGISTERED NUMBER: 08860698 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Rio's QC's Fish Bar Ltd

The following reproduces the text of the report prepared for the director 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 Director's Report 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 Rio's QC's Fish Bar Ltd for the year ended 31 January 2022 which comprise the Profit and Loss Account, 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 director of Rio's QC's Fish Bar Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rio's QC's Fish Bar Ltd and state those matters that we have agreed to state to the director of Rio's QC's Fish Bar Ltd 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 Rio's QC's Fish Bar Ltd and its director for our work or for this report.

It is your duty to ensure that Rio's QC's Fish Bar 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 Rio's QC's Fish Bar Ltd. You consider that Rio's QC's Fish Bar 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 Rio's QC's Fish Bar 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.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


25 August 2022

Rio's QC's Fish Bar Ltd (Registered number: 08860698)

Balance Sheet
31 January 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,300 9,450
Tangible assets 5 91,164 46,924
97,464 56,374

CURRENT ASSETS
Stocks 850 850
Debtors 6 - 6,933
Cash at bank and in hand 1,003 152
1,853 7,935
CREDITORS
Amounts falling due within one year 7 (40,813 ) (14,086 )
NET CURRENT LIABILITIES (38,960 ) (6,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,504

50,223

CREDITORS
Amounts falling due after more than
one year

8

(42,948

)

(42,907

)

PROVISIONS FOR LIABILITIES (15,077 ) (6,590 )
NET ASSETS 479 726

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 478 725
479 726

Rio's QC's Fish Bar Ltd (Registered number: 08860698)

Balance Sheet - continued
31 January 2022


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2022 and were signed by:





M Z R Saleem - Director


Rio's QC's Fish Bar Ltd (Registered number: 08860698)

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

1. STATUTORY INFORMATION

Rio's QC's Fish Bar 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 2014, 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.
Fixtures and fittings - 5% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Rio's QC's Fish Bar Ltd (Registered number: 08860698)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2021
and 31 January 2022 31,500
AMORTISATION
At 1 February 2021 22,050
Amortisation for year 3,150
At 31 January 2022 25,200
NET BOOK VALUE
At 31 January 2022 6,300
At 31 January 2021 9,450

Rio's QC's Fish Bar Ltd (Registered number: 08860698)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 February 2021 35,860 14,190 50,050
Additions 6,300 39,650 45,950
At 31 January 2022 42,160 53,840 96,000
DEPRECIATION
At 1 February 2021 - 3,126 3,126
Charge for year - 1,710 1,710
At 31 January 2022 - 4,836 4,836
NET BOOK VALUE
At 31 January 2022 42,160 49,004 91,164
At 31 January 2021 35,860 11,064 46,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 6,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 6,062 7,093
Trade creditors 1,821 1,023
Taxation and social security 1,316 1,457
Other creditors 31,614 4,513
40,813 14,086

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 42,948 42,907