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REGISTERED NUMBER: 05919495 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Village Fish Bar (Aberkenfig) Limited

Village Fish Bar (Aberkenfig) Limited (Registered number: 05919495)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Village Fish Bar (Aberkenfig) Limited

Company Information
for the Year Ended 31 January 2024







Directors: D J Hughes
M A Hughes





Secretary: D J Hughes





Registered office: 58 Bridgend Road
Aberkenfig
Bridgend
Mid Glamorgan
CF32 9BA





Registered number: 05919495 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Village Fish Bar (Aberkenfig) Limited (Registered number: 05919495)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 22,200 29,200
Tangible assets 5 3,193 3,233
25,393 32,433

Current assets
Stocks 3,500 2,500
Cash at bank and in hand 22,152 28,447
25,652 30,947
Creditors
Amounts falling due within one year 6 18,825 19,680
Net current assets 6,827 11,267
Total assets less current liabilities 32,220 43,700

Provisions for liabilities 607 614
Net assets 31,613 43,086

Capital and reserves
Called up share capital 100 100
Retained earnings 7 31,513 42,986
Shareholders' funds 31,613 43,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Village Fish Bar (Aberkenfig) Limited (Registered number: 05919495)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





M A Hughes - Director


Village Fish Bar (Aberkenfig) Limited (Registered number: 05919495)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Village Fish Bar (Aberkenfig) 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.

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 2007, 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 - 20% 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.

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.

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.

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.

Village Fish Bar (Aberkenfig) Limited (Registered number: 05919495)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 February 2023
and 31 January 2024 140,000
Amortisation
At 1 February 2023 110,800
Charge for year 7,000
At 31 January 2024 117,800
Net book value
At 31 January 2024 22,200
At 31 January 2023 29,200

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 February 2023 38,427
Additions 727
At 31 January 2024 39,154
Depreciation
At 1 February 2023 35,194
Charge for year 767
At 31 January 2024 35,961
Net book value
At 31 January 2024 3,193
At 31 January 2023 3,233

6. Creditors: amounts falling due within one year
31.1.24 31.1.23
£    £   
Trade creditors 6,873 5,981
Taxation and social security 7,438 7,875
Other creditors 4,514 5,824
18,825 19,680

Village Fish Bar (Aberkenfig) Limited (Registered number: 05919495)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. Reserves
Retained
earnings
£   

At 1 February 2023 42,986
Deficit for the year (9,473 )
Dividends (2,000 )
At 31 January 2024 31,513

8. Related party disclosures

The Company occupies premises owned by Mr D J Hughes. Mr Hughes does not charge rent for the use of the premises.

9. Ultimate controlling party

The company is controlled by the directors by virtue of their 100% shareholding