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REGISTERED NUMBER: 10669979 (England and Wales)















Farnhams Fish And Chips Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Farnhams Fish And Chips Limited (Registered number: 10669979)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farnhams Fish And Chips Limited

Company Information
for the Year Ended 31 March 2023







Director: D Farnham





Registered office: 7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ





Registered number: 10669979 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Farnhams Fish And Chips Limited (Registered number: 10669979)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
Fixed assets
Intangible assets 4 36,449 45,561
Tangible assets 5 44,242 55,644
80,691 101,205

Current assets
Stocks 3,000 3,000
Debtors 6 97,105 120,487
Cash in hand 8,917 10,457
109,022 133,944
Creditors
Amounts falling due within one year 7 (52,313 ) (67,890 )
Net current assets 56,709 66,054
Total assets less current liabilities 137,400 167,259

Creditors
Amounts falling due after more than one year 8 (42,369 ) (59,198 )
Net assets 95,031 108,061

Capital and reserves
Called up share capital 1 1
Retained earnings 95,030 108,060
95,031 108,061

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

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

Farnhams Fish And Chips Limited (Registered number: 10669979)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





D Farnham - Director


Farnhams Fish And Chips Limited (Registered number: 10669979)

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

1. Statutory information

Farnhams 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.

Going Concern
With the ongoing support of its parent company, fellow subsidiaries and ultimate shareholder the company has sufficient working capital to meet its ongoing needs to continue trading for a period in excess of 12 months. The accounts are prepared on the going concern basis as the Director is confident the company will continue to trade into the foreseeable future.

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 2017, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Farnhams Fish And Chips Limited (Registered number: 10669979)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's 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 12 (2022 - 11 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 91,122
Amortisation
At 1 April 2022 45,561
Amortisation for year 9,112
At 31 March 2023 54,673
Net book value
At 31 March 2023 36,449
At 31 March 2022 45,561

Farnhams Fish And Chips Limited (Registered number: 10669979)

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

5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 68,532 31,579 4,845 104,956
Additions 3,624 - - 3,624
At 31 March 2023 72,156 31,579 4,845 108,580
Depreciation
At 1 April 2022 38,681 8,388 2,243 49,312
Charge for year 8,369 5,798 859 15,026
At 31 March 2023 47,050 14,186 3,102 64,338
Net book value
At 31 March 2023 25,106 17,393 1,743 44,242
At 31 March 2022 29,851 23,191 2,602 55,644

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 95,233 118,672
Other debtors 1,000 1,000
Directors' loan accounts - 1
Prepayments 872 814
97,105 120,487

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 12,742 24,540
Hire purchase contracts 5,164 5,164
Trade creditors 7,658 11,202
Tax 2,656 12,433
Social security and other taxes 792 1,355
VAT 18,665 8,591
Other creditors 136 2,546
Accrued expenses 4,500 2,059
52,313 67,890

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 9,952
Bank loans - 2-5 years 11,667 23,381
Hire purchase contracts 20,702 25,865
42,369 59,198

Farnhams Fish And Chips Limited (Registered number: 10669979)

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

9. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. Ultimate controlling party

The controlling party is Farnham & Son Limited.