Registered number
11562256
Island Fish Bar Ltd
Filleted Accounts
30 September 2024
Island Fish Bar Ltd
Registered number: 11562256
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,871 2,338
Current assets
Stocks 4,950 4,560
Cash at bank and in hand 3,523 399
8,473 4,959
Creditors: amounts falling due within one year 4 (25,244) (20,716)
Net current liabilities (16,771) (15,757)
Total assets less current liabilities (14,900) (13,419)
Creditors: amounts falling due after more than one year 5 (14,582) (14,582)
Net liabilities (29,482) (28,001)
Capital and reserves
Called up share capital 1 1
Profit and loss account (29,483) (28,002)
Shareholder's funds (29,482) (28,001)
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 Kemal Yildirim
Director
Approved by the board on 28 October 2024
Island Fish Bar Ltd
Notes to the Accounts
for the year ended 30 September 2024
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 and value added taxes. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 6,554
At 30 September 2024 6,554
Depreciation
At 1 October 2023 4,216
Charge for the year 467
At 30 September 2024 4,683
Net book value
At 30 September 2024 1,871
At 30 September 2023 2,338
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,569 3,306
Taxation and social security costs 5,150 5,098
Other creditors 15,525 12,312
25,244 20,716
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,582 14,582
6 Other information
Island Fish Bar Ltd is a private company limited by shares and incorporated in England. Its registered office is:
120-122 High Street
Sheerness
Me12 1UB
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