BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of a unlicensed restaurants and cafes. 2 September 2024 NI674869 2024-03-31 NI674869 2023-03-31 NI674869 2022-03-31 NI674869 2023-04-01 2024-03-31 NI674869 2022-04-01 2023-03-31 NI674869 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI674869 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI674869 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI674869 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI674869 uk-bus:Director1 2023-04-01 2024-03-31 NI674869 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI674869 uk-bus:Agent1 2023-04-01 2024-03-31 NI674869 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI674869 uk-core:ShareCapital 2024-03-31 NI674869 uk-core:ShareCapital 2023-03-31 NI674869 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI674869 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI674869 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI674869 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI674869 uk-bus:FRS102 2023-04-01 2024-03-31 NI674869 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI674869 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI674869 uk-core:WithinOneYear 2024-03-31 NI674869 uk-core:WithinOneYear 2023-03-31 NI674869 uk-core:WithinOneYear 2024-03-31 NI674869 uk-core:WithinOneYear 2023-03-31 NI674869 uk-core:AfterOneYear 2024-03-31 NI674869 uk-core:AfterOneYear 2023-03-31 NI674869 uk-core:BetweenOneFiveYears 2024-03-31 NI674869 uk-core:BetweenOneFiveYears 2023-03-31 NI674869 uk-core:EmployeeBenefits 2023-03-31 NI674869 uk-core:EmployeeBenefits 2023-04-01 2024-03-31 NI674869 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI674869 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-03-31 NI674869 uk-core:OtherDeferredTax 2024-03-31 NI674869 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-03-31 NI674869 uk-core:EmployeeBenefits 2024-03-31 NI674869 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI674869
 
 
Browns Fish & Chips Belfast Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Browns Fish & Chips Belfast Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Gavin Brown
 
 
Company Registration Number NI674869
 
 
Registered Office Unit 6
7 Woodburn Crescent
Belfast
Antrim
BT11 9PG
 
 
Business Address Unit 6
Woodburn Crescent
Belfast
Antrim
BT11 9PG
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG



Browns Fish & Chips Belfast Ltd

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of Browns Fish & Chips Belfast Ltd
for the financial year ended 31 March 2024
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 March 2024 as set out on pages  to 12 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Browns Fish & Chips Belfast Ltd, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and we compiled the financial statements in accordance with the guidance contained in Compilation Engagements Technical Statement and the International Standard on Related Services 4410 (Revised), Compilation Engagements from the accounting records and information and explanations supplied to us by the directors, and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 March 2024 your duty to ensure that Browns Fish & Chips Belfast Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Browns Fish & Chips Belfast Ltd. You consider that Browns Fish & Chips Belfast Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Browns Fish & Chips Belfast Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
 
2 September 2024



Browns Fish & Chips Belfast Ltd
Company Registration Number: NI674869
STATEMENT OF FINANCIAL POSITION
as at 31 March 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 119,452 149,315
───────── ─────────
 
Current Assets
Inventories 6 5,697 5,496
Cash and cash equivalents 14,016 11,204
───────── ─────────
19,713 16,700
───────── ─────────
Payables: amounts falling due within one year 7 (127,933) (106,986)
───────── ─────────
Net Current Liabilities (108,220) (90,286)
───────── ─────────
Total Assets less Current Liabilities 11,232 59,029
 
Payables:
amounts falling due after more than one year 8 (26,583) (37,583)
 
Provisions for liabilities 10 (8,964) (17,921)
───────── ─────────
Net (Liabilities)/Assets (24,315) 3,525
═════════ ═════════
 
Equity
Called up share capital 100 100
Retained earnings (24,415) 3,425
───────── ─────────
Equity attributable to owners of the company (24,315) 3,525
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 2 September 2024
           
           
           
________________________________          
Gavin Brown          
Director          
           



Browns Fish & Chips Belfast Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Browns Fish & Chips Belfast Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI674869. The registered office of the company is Unit 6, 7 Woodburn Crescent, Belfast, Antrim, BT11 9PG. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balancing
  Motor vehicles - 20% Reducing Balancing
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Work in progress
Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
As at 31st March 2024 the balance sheet showed a deficiency of assets of £24,415. The company remains reliant upon the support of its director.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 11,
 
  2024 2023
  Number Number
 
Director 1 1
Employees 10 10
  ───────── ─────────
  11 11
  ═════════ ═════════
         
5. Property, plant and equipment
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 April 2023 87,831 98,814 186,645
  ───────── ───────── ─────────
 
At 31 March 2024 87,831 98,814 186,645
  ───────── ───────── ─────────
Depreciation
At 1 April 2023 17,567 19,763 37,330
Charge for the financial year 14,053 15,810 29,863
  ───────── ───────── ─────────
At 31 March 2024 31,620 35,573 67,193
  ───────── ───────── ─────────
Carrying amount
At 31 March 2024 56,211 63,241 119,452
  ═════════ ═════════ ═════════
At 31 March 2023 70,264 79,051 149,315
  ═════════ ═════════ ═════════
       
6. Inventories 2024 2023
  £ £
 
Finished goods and goods for resale 5,697 5,496
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Payables 2024 2023
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 11,000 11,000
Trade payables 8,555 14,344
Taxation  (Note 9) 27,028 20,061
Director's current account 78,150 59,106
Accruals 3,200 2,475
  ───────── ─────────
  127,933 106,986
  ═════════ ═════════
       
8. Payables 2024 2023
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 26,583 37,583
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 11,000 11,000
Repayable between one and five years 26,583 37,583
  ───────── ─────────
  37,583 48,583
  ═════════ ═════════
       
9. Taxation 2024 2023
  £ £
 
Payables:
VAT 24,842 19,489
PAYE / NI 2,186 572
  ───────── ─────────
  27,028 20,061
  ═════════ ═════════
           
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 32,134 (14,213) 17,921 -
Charged to profit and loss (8,957) - (8,957) 17,921
  ───────── ───────── ───────── ─────────
At financial year end 23,177 (14,213) 8,964 17,921
  ═════════ ═════════ ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.