Registered number
10209449
York Street Chippy Ltd
Filleted Accounts
31 December 2023
Ref:
Y036
York Street Chippy Ltd
Registered number: 10209449
Balance Sheet
as at 31 December 2023
Notes 31/12/23 31/3/23
£ £
Fixed assets
Intangible assets 3 - 4,500
Tangible assets 4 1,022 3,692
1,022 8,192
Current assets
Stocks 230 550
Debtors 5 2,397 -
Cash at bank and in hand 3,459 12,933
6,086 13,483
Creditors: amounts falling due within one year 6 (2,280) (10,201)
Net current assets 3,806 3,282
Net assets 4,828 11,474
Capital and reserves
Called up share capital 10 10
Profit and loss account 4,818 11,464
Shareholder's funds 4,828 11,474
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Didi Wu
Director
Approved by the board on 4 October 2024
York Street Chippy Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 31/3/23
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
Disposals (10,000)
At 31 December 2023 -
Amortisation
At 1 April 2023 5,500
Provided during the period 750
On disposals (6,250)
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 March 2023 4,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 11,320
Disposals (8,000)
At 31 December 2023 3,320
Depreciation
At 1 April 2023 7,628
Charge for the period 554
On disposals (5,884)
At 31 December 2023 2,298
Net book value
At 31 December 2023 1,022
At 31 March 2023 3,692
5 Debtors 31/12/23 31/3/23
£ £
Other debtors 2,397 -
6 Creditors: amounts falling due within one year 31/12/23 31/3/23
£ £
Taxation and social security costs 1,460 959
Other creditors 820 9,242
2,280 10,201
7 Other information
York Street Chippy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 York Street
Accrington
Lancashire
BB5 1DN
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