IRIS Accounts Production v24.1.9.2 05563537 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary "A" 1.00000 Ordinary "B" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055635372022-10-31055635372023-10-31055635372022-11-012023-10-31055635372021-10-31055635372021-11-012022-10-31055635372022-10-3105563537ns15:EnglandWales2022-11-012023-10-3105563537ns14:PoundSterling2022-11-012023-10-3105563537ns10:Director12022-11-012023-10-3105563537ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3105563537ns10:SmallEntities2022-11-012023-10-3105563537ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3105563537ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3105563537ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3105563537ns10:FullAccounts2022-11-012023-10-3105563537ns10:OrdinaryShareClass12022-11-012023-10-3105563537ns10:OrdinaryShareClass22022-11-012023-10-3105563537ns5:CurrentFinancialInstruments2023-10-3105563537ns5:CurrentFinancialInstruments2022-10-3105563537ns5:ShareCapital2023-10-3105563537ns5:ShareCapital2022-10-3105563537ns5:RetainedEarningsAccumulatedLosses2023-10-3105563537ns5:RetainedEarningsAccumulatedLosses2022-10-3105563537ns10:RegisteredOffice2022-11-012023-10-3105563537ns5:LeaseholdImprovements2022-11-012023-10-3105563537ns5:PlantMachinery2022-11-012023-10-3105563537ns5:ComputerEquipment2022-11-012023-10-3105563537ns5:PlantMachinery2022-10-3105563537ns5:PlantMachinery2023-10-3105563537ns5:PlantMachinery2022-10-3105563537ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3105563537ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3105563537ns10:OrdinaryShareClass12023-10-3105563537ns10:OrdinaryShareClass22023-10-31
REGISTERED NUMBER: 05563537 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

THE CHIP SHOP LIMITED

THE CHIP SHOP LIMITED (REGISTERED NUMBER: 05563537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


THE CHIP SHOP LIMITED (REGISTERED NUMBER: 05563537)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,638 44,394

CURRENT ASSETS
Debtors 5 2,167 2,167
Cash at bank 25,417 33,307
27,584 35,474
CREDITORS
Amounts falling due within one year 6 25,862 24,814
NET CURRENT ASSETS 1,722 10,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,360

55,054

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 39,260 54,954
SHAREHOLDERS' FUNDS 39,360 55,054

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

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

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 26 July 2024 and were signed on its behalf by:





Mr M Louro - Director


THE CHIP SHOP LIMITED (REGISTERED NUMBER: 05563537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

The Chip Shop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05563537

Registered office: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

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.

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 the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES

The average number of employees during the year was 2 (2022 - 2 ) .

THE CHIP SHOP LIMITED (REGISTERED NUMBER: 05563537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 66,665
Additions 2,250
At 31 October 2023 68,915
DEPRECIATION
At 1 November 2022 22,271
Charge for year 9,006
At 31 October 2023 31,277
NET BOOK VALUE
At 31 October 2023 37,638
At 31 October 2022 44,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,167 2,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,898 1,576
Other creditors 23,964 23,238
25,862 24,814

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary "A" £1 50 50
50 Ordinary "B" £1 50 50
100 100