Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr M Clarke 17/01/2018 Mr R Clarke 17/01/2018 11 September 2023 The principal activity of the company is that of fish and chip takeaway. 11155603 2023-03-31 11155603 bus:Director1 2023-03-31 11155603 bus:Director2 2023-03-31 11155603 2022-03-31 11155603 core:CurrentFinancialInstruments 2023-03-31 11155603 core:CurrentFinancialInstruments 2022-03-31 11155603 core:ShareCapital 2023-03-31 11155603 core:ShareCapital 2022-03-31 11155603 core:RetainedEarningsAccumulatedLosses 2023-03-31 11155603 core:RetainedEarningsAccumulatedLosses 2022-03-31 11155603 bus:OrdinaryShareClass1 2023-03-31 11155603 2022-04-01 2023-03-31 11155603 bus:FullAccounts 2022-04-01 2023-03-31 11155603 bus:SmallEntities 2022-04-01 2023-03-31 11155603 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11155603 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11155603 bus:Director1 2022-04-01 2023-03-31 11155603 bus:Director2 2022-04-01 2023-03-31 11155603 2021-04-01 2022-03-31 11155603 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11155603 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11155603 (England and Wales)

CLARKE'S FISH AND CHIPS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CLARKE'S FISH AND CHIPS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CLARKE'S FISH AND CHIPS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
CLARKE'S FISH AND CHIPS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr M Clarke
Mr R Clarke
REGISTERED OFFICE Holmleigh Croyle
Kentisbeare
Cullompton
EX15 1NJ
United Kingdom
COMPANY NUMBER 11155603 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
CLARKE'S FISH AND CHIPS LTD

BALANCE SHEET

As at 31 March 2023
CLARKE'S FISH AND CHIPS LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Current assets
Stocks 3 0 32,609
Debtors 4 0 4,218
Cash at bank and in hand 208,964 84,499
208,964 121,326
Creditors: amounts falling due within one year 5 ( 260,080) ( 133,040)
Net current liabilities (51,116) (11,714)
Total assets less current liabilities (51,116) (11,714)
Net liabilities ( 51,116) ( 11,714)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 51,216 ) ( 11,814 )
Total shareholders' deficit ( 51,116) ( 11,714)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Clarke's Fish and Chips Ltd (registered number: 11155603) were approved and authorised for issue by the Board of Directors on 11 September 2023. They were signed on its behalf by:

Mr M Clarke
Director
Mr R Clarke
Director
CLARKE'S FISH AND CHIPS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CLARKE'S FISH AND CHIPS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clarke's Fish and Chips Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Holmleigh Croyle, Kentisbeare, Cullompton, EX15 1NJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have made the decision that the Company would cease trading at the year end. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. This basis includes, where applicable, writing the company’s assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Stocks

2023 2022
£ £
Stocks 0 32,609

4. Debtors

2023 2022
£ £
Prepayments 0 2,433
Other debtors 0 1,785
0 4,218

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 32,338 42,047
Trade creditors 348 5,018
Amounts owed to directors 150,061 52,085
Accruals 3,618 6,706
Other taxation and social security 1,798 4,875
Other creditors 71,917 22,309
260,080 133,040

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Other related party transactions

2023 2022
£ £
Balance as at 1/4/2022 1,241 1,241
Advances and repayments in the year (1,241) 0
Balance as at 31/03/2023 0 1,241

Included in other debtors is £nil (2022 - £1,241) due to the company from an entity in which the directors are partners.