Lucy's Fish & Chips Ltd

Registered Number: 13829020 Lucy's Fish & Chips Ltd
Balance Sheet
As at 31 October 2022

	Notes	2022 £
Fixed assets
Tangible fixed assets	3	21,297
		21,297
Current assets
Stocks	4	755
Debtors	5	3,091
Cash at bank and in hand		1,304
		5,150
Creditors: amount falling due within one year	6	(11,087)
Net current liabilities		(5,937)

Total assets less current liabilities		15,360
Net assets		15,360

Capital and reserves
Called up share capital	7	100
Profit and loss account		15,260
Shareholder's funds		15,360

For the period ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 06 July 2023 and were signed on its behalf by:

-------------------------------
Kingston Gray
Director

Lucy's Fish & Chips Ltd
Notes to the Financial Statements
For the period ended 31 October 2022

General Information

Lucy's Fish & Chips Ltd is a private company, limited by shares, registered in England and Wales, registration number 13829020, registration address 13 The Close, Norwich, NR1 4DS.

The presentation currency is £ sterling.

Lucy's Fish & Chips Ltd was incorporated on 05/01/2022. These financial statements cover the period from incorporation to 31/10/2022.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

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

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 4.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 05 January 2022	-	-	-
Additions	5,996	22,000	27,996
Disposals	-	-	-
At 31 October 2022	5,996	22,000	27,996
Depreciation
At 05 January 2022	-	-	-
Charge for period	1,199	5,500	6,699
On disposals	-	-	-
At 31 October 2022	1,199	5,500	6,699
Net book values
Closing balance as at 31 October 2022	4,797	16,500	21,297
Opening balance as at 05 January 2022	-	-	-

Stocks

	2022 £
Stocks	755
	755

Debtors: amounts falling due within one year

	2022 £
Trade Debtors	802
Directors' Current Accounts	2,289
	3,091

Creditors: amount falling due within one year

	2022 £
Bank Loans & Overdrafts	4,465
VAT	6,622
	11,087

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2022 £
100 Class A shares of £1.00 each	100
	100