IRIS Accounts Production v24.2.0.383 13764870 director 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137648702022-11-30137648702023-11-30137648702022-12-012023-11-30137648702021-11-24137648702021-11-252022-11-30137648702022-11-3013764870ns15:EnglandWales2022-12-012023-11-3013764870ns14:PoundSterling2022-12-012023-11-3013764870ns10:Director12022-12-012023-11-3013764870ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013764870ns10:SmallEntities2022-12-012023-11-3013764870ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013764870ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013764870ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013764870ns10:FullAccounts2022-12-012023-11-301376487012022-12-012023-11-3013764870ns10:OrdinaryShareClass12022-12-012023-11-3013764870ns10:RegisteredOffice2022-12-012023-11-3013764870ns5:CurrentFinancialInstruments2023-11-3013764870ns5:CurrentFinancialInstruments2022-11-3013764870ns5:Non-currentFinancialInstruments2023-11-3013764870ns5:Non-currentFinancialInstruments2022-11-3013764870ns5:ShareCapital2023-11-3013764870ns5:ShareCapital2022-11-3013764870ns5:RetainedEarningsAccumulatedLosses2023-11-3013764870ns5:RetainedEarningsAccumulatedLosses2022-11-3013764870ns5:NetGoodwill2022-12-012023-11-3013764870ns5:NetGoodwill2022-11-3013764870ns5:NetGoodwill2023-11-3013764870ns5:NetGoodwill2022-11-3013764870ns5:PlantMachinery2022-11-3013764870ns5:PlantMachinery2022-12-012023-11-3013764870ns5:PlantMachinery2023-11-3013764870ns5:PlantMachinery2022-11-3013764870ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013764870ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3013764870ns5:WithinOneYear2023-11-3013764870ns5:WithinOneYear2022-11-3013764870ns5:BetweenOneFiveYears2023-11-3013764870ns5:BetweenOneFiveYears2022-11-3013764870ns5:MoreThanFiveYears2023-11-3013764870ns5:MoreThanFiveYears2022-11-3013764870ns5:AllPeriods2023-11-3013764870ns5:AllPeriods2022-11-3013764870ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 13764870 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

STEVE'S FISH & CHIPS LTD

STEVE'S FISH & CHIPS LTD (REGISTERED NUMBER: 13764870)






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


STEVE'S FISH & CHIPS LTD

Company Information
for the year ended 30 November 2023







DIRECTOR: C B S Ng





REGISTERED OFFICE: 3 Downlands Parade
Upper Brighton Road
Worthing
BN14 9JH





REGISTERED NUMBER: 13764870 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

STEVE'S FISH & CHIPS LTD (REGISTERED NUMBER: 13764870)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,666 29,937
Tangible assets 5 22,915 33,383
49,581 63,320

CURRENT ASSETS
Stocks 800 800
Debtors 6 4,873 4,754
Cash at bank and in hand 12,080 9,654
17,753 15,208
CREDITORS
Amounts falling due within one year 7 (36,689 ) (26,908 )
NET CURRENT LIABILITIES (18,936 ) (11,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,645

51,620

CREDITORS
Amounts falling due after more than one
year

8

(67,750

)

(74,933

)
NET LIABILITIES (37,105 ) (23,313 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (37,106 ) (23,314 )
SHAREHOLDERS' FUNDS (37,105 ) (23,313 )

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 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.

STEVE'S FISH & CHIPS LTD (REGISTERED NUMBER: 13764870)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





C B S Ng - Director


STEVE'S FISH & CHIPS LTD (REGISTERED NUMBER: 13764870)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Steve's Fish & Chips Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue from the sale of fish and chips is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & machinery - 25% on cost

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 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.

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

STEVE'S FISH & CHIPS LTD (REGISTERED NUMBER: 13764870)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company continues to experience difficult trading conditions in the leisure and hospitality sector, with cost pressures from rising inflation. However the director currently feels the company has sufficient resources to continue trading so these accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 32,716
AMORTISATION
At 1 December 2022 2,779
Charge for year 3,271
At 30 November 2023 6,050
NET BOOK VALUE
At 30 November 2023 26,666
At 30 November 2022 29,937

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 42,396
Additions 170
At 30 November 2023 42,566
DEPRECIATION
At 1 December 2022 9,013
Charge for year 10,638
At 30 November 2023 19,651
NET BOOK VALUE
At 30 November 2023 22,915
At 30 November 2022 33,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,873 4,754

STEVE'S FISH & CHIPS LTD (REGISTERED NUMBER: 13764870)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,187 1,437
Other creditors 34,502 25,471
36,689 26,908

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 67,750 74,933

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 35,188 43,921

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,000 14,000
Between one and five years 56,000 56,000
In more than five years 114,302 128,302
184,302 198,302

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1