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REGISTERED NUMBER: 05690432 (England and Wales)














Inghams of Filey Limited

Unaudited Financial Statements

For The Year Ended 31 December 2023






Inghams of Filey Limited (Registered number: 05690432)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Inghams of Filey Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: C W Ingham
Mrs D A Ingham



REGISTERED OFFICE: 2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



REGISTERED NUMBER: 05690432 (England and Wales)



ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



BANKERS: Barclays Bank plc
PO Box 13
St Nicholas Street
Scarborough
North Yorkshire
YO11 2HS



SOLICITORS: Thorpe & Co
12 Belle Vue Street
Filey
North Yorkshire
YO14 9HY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Inghams of Filey Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inghams of Filey Limited for the year ended 31 December 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Inghams of Filey Limited, as a body, in accordance with the terms of our engagement letter dated 28 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Inghams of Filey Limited and state those matters that we have agreed to state to the Board of Directors of Inghams of Filey Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inghams of Filey Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inghams of Filey Limited 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 profit of Inghams of Filey Limited. You consider that Inghams of Filey Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Inghams of Filey Limited. For this reason, we have not verified the 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.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


6 September 2024

Inghams of Filey Limited (Registered number: 05690432)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,125 53,625
Tangible assets 5 271,783 278,703
308,908 332,328

CURRENT ASSETS
Stocks 6,807 6,768
Debtors 3,397 3,939
Cash at bank and in hand 415,314 409,882
425,518 420,589
CREDITORS
Amounts falling due within one year 96,588 116,804
NET CURRENT ASSETS 328,930 303,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,838

636,113

CREDITORS
Amounts falling due after more than one
year

-

(20,851

)

PROVISIONS FOR LIABILITIES (7,386 ) (7,205 )
NET ASSETS 630,452 608,057

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 630,449 608,054
SHAREHOLDERS' FUNDS 630,452 608,057

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

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

Inghams of Filey Limited (Registered number: 05690432)

Abridged Balance Sheet - continued
31 December 2023


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 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2024 and were signed on its behalf by:




C W Ingham - Director



Mrs D A Ingham - Director


Inghams of Filey Limited (Registered number: 05690432)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Inghams of Filey 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.

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
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 2006, 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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

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.

Inghams of Filey Limited (Registered number: 05690432)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 330,000
AMORTISATION
At 1 January 2023 276,375
Amortisation for year 16,500
At 31 December 2023 292,875
NET BOOK VALUE

At 31 December 2023 37,125
At 31 December 2022 53,625

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 494,933
Additions 11,146
Disposals (4,070 )
At 31 December 2023 502,009
DEPRECIATION
At 1 January 2023 216,230
Charge for year 17,802
Eliminated on disposal (3,806 )
At 31 December 2023 230,226
NET BOOK VALUE
At 31 December 2023 271,783
At 31 December 2022 278,703

Inghams of Filey Limited (Registered number: 05690432)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 21,492 61,235

The bank loans are secured by means of a legal mortgage on the company's freehold property and a floating charge on all other assets of the company.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C W Ingham and Mrs D A Ingham
Balance outstanding at start of year - -
Amounts advanced 28,311 -
Amounts repaid (28,311 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -