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REGISTERED NUMBER: 07949649 (England and Wales)















Pagham Beach Fish & Chip Shop Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Pagham Beach Fish & Chip Shop Limited (Registered number: 07949649)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 5


Pagham Beach Fish & Chip Shop Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss M Griggs



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 07949649 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
7 Nyetimber Lane
Rose Green
Bognor Regis
West Sussex
PO21 3HE

Pagham Beach Fish & Chip Shop Limited (Registered number: 07949649)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,607 4,243

CURRENT ASSETS
Stocks 3,022 2,943
Debtors 43,019 39,422
Cash at bank and in hand 47,057 58,269
93,098 100,634
CREDITORS
Amounts falling due within one year 20,825 18,740
NET CURRENT ASSETS 72,273 81,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,880

86,137

PROVISIONS FOR LIABILITIES 685 806
NET ASSETS 75,195 85,331

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 75,094 85,230
SHAREHOLDERS' FUNDS 75,195 85,331

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.

Pagham Beach Fish & Chip Shop Limited (Registered number: 07949649)

Abridged Statement of Financial Position - 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 Statement of Financial Position 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 Comprehensive Income has not been delivered.

Pagham Beach Fish & Chip Shop Limited (Registered number: 07949649)

Abridged Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 5 October 2024 and were signed by:





Miss M Griggs - Director


Pagham Beach Fish & Chip Shop Limited (Registered number: 07949649)

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

1. STATUTORY INFORMATION

Pagham Beach Fish & Chip Shop 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 - 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pagham Beach Fish & Chip Shop Limited (Registered number: 07949649)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 14,006
DEPRECIATION
At 1 April 2023 9,763
Charge for year 636
At 31 March 2024 10,399
NET BOOK VALUE
At 31 March 2024 3,607
At 31 March 2023 4,243

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss M Griggs.

The above director controlled the company throughout the current period, by virtue of the fact that she owns all the ordinary share capital of the parent company.