IRIS Accounts Production v24.2.0.383 08219542 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082195422023-03-31082195422024-03-31082195422023-04-012024-03-31082195422022-03-31082195422022-04-012023-03-31082195422023-03-3108219542ns15:EnglandWales2023-04-012024-03-3108219542ns14:PoundSterling2023-04-012024-03-3108219542ns10:Director12023-04-012024-03-3108219542ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108219542ns10:SmallEntities2023-04-012024-03-3108219542ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108219542ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108219542ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108219542ns10:AbridgedAccounts2023-04-012024-03-310821954212023-04-012024-03-3108219542ns10:OrdinaryShareClass12023-04-012024-03-3108219542ns10:RegisteredOffice2023-04-012024-03-3108219542ns5:CurrentFinancialInstruments2024-03-3108219542ns5:CurrentFinancialInstruments2023-03-3108219542ns5:Non-currentFinancialInstruments2024-03-3108219542ns5:Non-currentFinancialInstruments2023-03-3108219542ns5:ShareCapital2024-03-3108219542ns5:ShareCapital2023-03-3108219542ns5:RetainedEarningsAccumulatedLosses2024-03-3108219542ns5:RetainedEarningsAccumulatedLosses2023-03-3108219542ns5:NetGoodwill2023-04-012024-03-3108219542ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108219542ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3108219542ns5:FurnitureFittings2023-04-012024-03-3108219542ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108219542ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108219542ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3108219542ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3108219542ns5:HirePurchaseContracts2024-03-3108219542ns5:HirePurchaseContracts2023-03-3108219542ns5:WithinOneYear2024-03-3108219542ns5:WithinOneYear2023-03-3108219542ns5:BetweenOneFiveYears2024-03-3108219542ns5:BetweenOneFiveYears2023-03-3108219542ns5:AllPeriods2024-03-3108219542ns5:AllPeriods2023-03-3108219542ns5:DeferredTaxation2023-03-3108219542ns5:DeferredTaxation2024-03-3108219542ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08219542 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Fish 'n' Chick'n Royston Limited

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Fish 'n' Chick'n Royston Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs H L Mosedale





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: Chesterford House
14 Stansted Distribution Centre
Start Hill
Bishop's Stortford
CM22 7DG





REGISTERED NUMBER: 08219542 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,434 75,589
67,434 75,589

CURRENT ASSETS
Stocks 3,073 3,689
Debtors 112,185 68,605
Cash at bank and in hand 8,756 24,033
124,014 96,327
CREDITORS
Amounts falling due within one year 158,911 122,715
NET CURRENT LIABILITIES (34,897 ) (26,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,537

49,201

CREDITORS
Amounts falling due after more than one
year

(15,008

)

(30,016

)

PROVISIONS FOR LIABILITIES 7 (16,859 ) (18,897 )
NET ASSETS 670 288

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 570 188
SHAREHOLDERS' FUNDS 670 288

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 20 August 2024 and were signed by:





Mrs H L Mosedale - Director


Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

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

1. STATUTORY INFORMATION

Fish 'n' Chick'n Royston 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.

The functional and presentational currency of the company is pound sterling.

The financial statements have been prepared on a going concern basis. The Director considers this basis to be appropriate despite the fact that the balance sheet shows net current liabilities at 31 March 2024.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount and to provide for any further liabilities which may arise.

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 2013, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Fixtures and fittings - 15% 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.

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. the capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 500,000
AMORTISATION
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 118,586
Additions 3,477
At 31 March 2024 122,063
DEPRECIATION
At 1 April 2023 42,997
Charge for year 11,632
At 31 March 2024 54,629
NET BOOK VALUE
At 31 March 2024 67,434
At 31 March 2023 75,589

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 45,831
DEPRECIATION
Charge for year 7,849
At 31 March 2024 7,849
NET BOOK VALUE
At 31 March 2024 37,982
At 31 March 2023 45,831

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 15,008 15,008
Between one and five years 15,008 30,016
30,016 45,024

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 16,500 16,500
Between one and five years 8,250 24,750
24,750 41,250

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 16,859 18,897

Deferred
tax
£   
Balance at 1 April 2023 18,897
Accelerated capital allowances (2,038 )
Balance at 31 March 2024 16,859

Fish 'n' Chick'n Royston Limited (Registered number: 08219542)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the loan balance due by the director to the company is £60,303 (2023:£26,841). This loan is interest free and repayable on demand.