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REGISTERED NUMBER: SC239883 (Scotland)















Financial Statements for the Year Ended 30 November 2023

for

Balmedie Fish & Chip Shop Ltd

Balmedie Fish & Chip Shop Ltd (Registered number: SC239883)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Balmedie Fish & Chip Shop Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: B Deans
Miss K H Deans
F G Deans





REGISTERED OFFICE: 6 Keir Heights
Balmedie
Aberdeenshire
AB23 8WJ





REGISTERED NUMBER: SC239883 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Balmedie Fish & Chip Shop Ltd (Registered number: SC239883)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,053 75,287
75,053 75,287

CURRENT ASSETS
Stocks 4,449 3,944
Debtors 6 8,797 1,601
Cash at bank and in hand 32,598 23,537
45,844 29,082
CREDITORS
Amounts falling due within one year 7 46,102 37,026
NET CURRENT LIABILITIES (258 ) (7,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,795

67,343

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 74,785 67,333
SHAREHOLDERS' FUNDS 74,795 67,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Balmedie Fish & Chip Shop Ltd (Registered number: SC239883)

Balance Sheet - continued
30 November 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 11 March 2024 and were signed on its behalf by:





B Deans - Director


Balmedie Fish & Chip Shop Ltd (Registered number: SC239883)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Balmedie Fish & Chip Shop Ltd is a private company, limited by shares , registered in Scotland. 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 2003, is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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 7 (2022 - 7 ) .

Balmedie Fish & Chip Shop Ltd (Registered number: SC239883)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 87,000
AMORTISATION
At 1 December 2022
and 30 November 2023 87,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 67,980 76,842 144,822
Additions - 2,215 2,215
At 30 November 2023 67,980 79,057 147,037
DEPRECIATION
At 1 December 2022 - 69,535 69,535
Charge for year - 2,449 2,449
At 30 November 2023 - 71,984 71,984
NET BOOK VALUE
At 30 November 2023 67,980 7,073 75,053
At 30 November 2022 67,980 7,307 75,287

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 8,797 1,601

Balmedie Fish & Chip Shop Ltd (Registered number: SC239883)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 6,335 352
Taxation and social security 35,920 31,055
Other creditors 3,847 5,619
46,102 37,026

8. RELATED PARTY DISCLOSURES

During the year the director Mr Bruce Deans advanced the company net amounts totalling £262. This amount remained outstanding at 30/11/2023 and is included within other creditors in the notes to the accounts.

9. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Mr Bruce Deans by virtue of his 80% holding in the ordinary share capital.