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Registered number: 12783007
SKIPPERS FISH & CHIPS - PIZZA LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
PRS ACCOUNTANTS AND TAXATION SERVICES LTD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12783007
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,677 42,974
38,677 42,974
CURRENT ASSETS
Stocks 5 9,000 7,600
Cash at bank and in hand 35,989 47,402
44,989 55,002
Creditors: Amounts Falling Due Within One Year 7 (65,072 ) (76,056 )
NET CURRENT ASSETS (LIABILITIES) (20,083 ) (21,054 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,594 21,920
Creditors: Amounts Falling Due After More Than One Year 8 (15,024 ) (20,212 )
NET ASSETS 3,570 1,708
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,470 1,608
SHAREHOLDERS' FUNDS 3,570 1,708
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr LAKHBIR DEOL
Director
Mr BALBIR DEOL
Director
Mr KULDIP DEOL
Director
23/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SKIPPERS FISH & CHIPS - PIZZA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12783007 . The registered office is 36 GLEBE ROAD, FINCHLEY, LONDON, N3 2AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% on reducing balance basis
Motor Vehicles 10% on reducing balance basis
Fixtures & Fittings 10% on reducing balance basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2022 31,554 20,939 52,493
As at 31 July 2023 31,554 20,939 52,493
Depreciation
As at 1 August 2022 5,540 3,979 9,519
Provided during the period 2,601 1,696 4,297
As at 31 July 2023 8,141 5,675 13,816
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2023 23,413 15,264 38,677
As at 1 August 2022 26,014 16,960 42,974
5. Stocks
2023 2022
£ £
Finished goods 9,000 7,600
6. Debtors
2023 2022
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 36 1
VAT 3,861 3,370
Accruals and deferred income 376 374
Directors' loan accounts 60,799 72,311
65,072 76,056
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,024 20,212
15,024 20,212
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4