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REGISTERED NUMBER: 12391592 (England and Wales)














Financial Statements for the Year Ended 31 January 2024

for

Tastys Chicken Limited

Tastys Chicken Limited (Registered number: 12391592)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tastys Chicken Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Z A Shaffi





REGISTERED OFFICE: 1c Amberside Wood Lane
Hemel Hempstead
United Kingdom
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 12391592 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Tastys Chicken Limited (Registered number: 12391592)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,618 58,565

CURRENT ASSETS
Stocks 76,344 47,850
Debtors 5 14,018 24,928
Cash at bank 1,710 2,270
92,072 75,048
CREDITORS
Amounts falling due within one year 6 196,213 114,007
NET CURRENT LIABILITIES (104,141 ) (38,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,523

)

19,606

CREDITORS
Amounts falling due after more than one year 7 (22,639 ) (32,639 )

PROVISIONS FOR LIABILITIES (5,153 ) (5,255 )
NET LIABILITIES (83,315 ) (18,288 )

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 9 (83,417 ) (18,390 )
SHAREHOLDERS' FUNDS (83,315 ) (18,288 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tastys Chicken Limited (Registered number: 12391592)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Z A Shaffi - Director


Tastys Chicken Limited (Registered number: 12391592)

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

1. STATUTORY INFORMATION

Tastys Chicken 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - 20% 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 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.

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.

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.

Tastys Chicken Limited (Registered number: 12391592)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 44,150 45,790 4,673 94,613
DEPRECIATION
At 1 February 2023 13,245 20,813 1,990 36,048
Charge for year 4,415 4,995 537 9,947
At 31 January 2024 17,660 25,808 2,527 45,995
NET BOOK VALUE
At 31 January 2024 26,490 19,982 2,146 48,618
At 31 January 2023 30,905 24,977 2,683 58,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,018 2,243
Other debtors 13,000 22,685
14,018 24,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 450 1,410
Amounts owed to associates 39,490 39,490
Taxation and social security 144,849 71,201
Other creditors 11,424 1,906
196,213 114,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 22,639 32,639

Tastys Chicken Limited (Registered number: 12391592)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
102 102

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (18,390 )
Deficit for the year (65,027 )
At 31 January 2024 (83,417 )