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REGISTERED NUMBER: 11483732 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Truro Fish and Chips Limited

Truro Fish and Chips Limited (Registered number: 11483732)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Truro Fish and Chips Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr P Manoli
Mrs S Manoli
Mr F Manoli





REGISTERED OFFICE: Helvellyn
Philleigh
Truro
Cornwall
TR2 5NB





REGISTERED NUMBER: 11483732 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Truro Fish and Chips Limited (Registered number: 11483732)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,704
Tangible assets 5 115,803 134,168
115,803 136,872

CURRENT ASSETS
Stocks 5,020 5,046
Debtors 6 2,050 2,050
Cash at bank and in hand 125,352 122,905
132,422 130,001
CREDITORS
Amounts falling due within one year 7 212,737 229,490
NET CURRENT LIABILITIES (80,315 ) (99,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,488

37,383

PROVISIONS FOR LIABILITIES 22,685 25,491
NET ASSETS 12,803 11,892

CAPITAL AND RESERVES
Called up share capital 8 600 600
Retained earnings 12,203 11,292
SHAREHOLDERS' FUNDS 12,803 11,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Truro Fish and Chips Limited (Registered number: 11483732)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mr P Manoli - Director


Truro Fish and Chips Limited (Registered number: 11483732)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Truro Fish and Chips Limited 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 2018, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - at varying rates on cost
Plant and machinery etc - 20% 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 Statement of Income and Retained Earnings, 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.


Truro Fish and Chips Limited (Registered number: 11483732)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The Company contributes to a defined contributions pension scheme. Contributions payable to the nominated workplace pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 13,522
AMORTISATION
At 1 September 2022 10,818
Charge for year 2,704
At 31 August 2023 13,522
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 2,704

Truro Fish and Chips Limited (Registered number: 11483732)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 50,000 186,154 236,154
DEPRECIATION
At 1 September 2022 3,404 98,582 101,986
Charge for year 851 17,514 18,365
At 31 August 2023 4,255 116,096 120,351
NET BOOK VALUE
At 31 August 2023 45,745 70,058 115,803
At 31 August 2022 46,596 87,572 134,168

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Land and
buildings
£   
COST
At 1 September 2022
and 31 August 2023 50,000
DEPRECIATION
At 1 September 2022 3,404
Charge for year 851
At 31 August 2023 4,255
NET BOOK VALUE
At 31 August 2023 45,745
At 31 August 2022 46,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Security Deposit 2,050 2,050

Truro Fish and Chips Limited (Registered number: 11483732)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Corporation Tax 11,731 3,490
Social security and other taxes 349 66
VAT 18,899 15,890
Directors' loan accounts 177,093 204,879
Accrued expenses 4,665 5,165
212,737 229,490

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
600 Ordinary £1 600 600