Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.302023-02-01falseRestaurant30truefalse 04592710 2023-02-01 2024-01-31 04592710 2022-02-01 2023-01-31 04592710 2024-01-31 04592710 2023-01-31 04592710 c:CompanySecretary1 2023-02-01 2024-01-31 04592710 c:Director1 2023-02-01 2024-01-31 04592710 c:Director2 2023-02-01 2024-01-31 04592710 c:RegisteredOffice 2023-02-01 2024-01-31 04592710 d:PlantMachinery 2023-02-01 2024-01-31 04592710 d:PlantMachinery 2024-01-31 04592710 d:PlantMachinery 2023-01-31 04592710 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04592710 d:MotorVehicles 2023-02-01 2024-01-31 04592710 d:MotorVehicles 2024-01-31 04592710 d:MotorVehicles 2023-01-31 04592710 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04592710 d:FurnitureFittings 2023-02-01 2024-01-31 04592710 d:FurnitureFittings 2024-01-31 04592710 d:FurnitureFittings 2023-01-31 04592710 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04592710 d:OfficeEquipment 2023-02-01 2024-01-31 04592710 d:OfficeEquipment 2024-01-31 04592710 d:OfficeEquipment 2023-01-31 04592710 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04592710 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 04592710 d:OtherPropertyPlantEquipment 2024-01-31 04592710 d:OtherPropertyPlantEquipment 2023-01-31 04592710 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04592710 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04592710 d:Goodwill 2023-02-01 2024-01-31 04592710 d:Goodwill 2024-01-31 04592710 d:Goodwill 2023-01-31 04592710 d:ComputerSoftware 2024-01-31 04592710 d:ComputerSoftware 2023-01-31 04592710 d:CurrentFinancialInstruments 2024-01-31 04592710 d:CurrentFinancialInstruments 2023-01-31 04592710 d:Non-currentFinancialInstruments 2024-01-31 04592710 d:Non-currentFinancialInstruments 2023-01-31 04592710 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04592710 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04592710 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 04592710 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 04592710 d:ShareCapital 2024-01-31 04592710 d:ShareCapital 2023-01-31 04592710 d:RetainedEarningsAccumulatedLosses 2024-01-31 04592710 d:RetainedEarningsAccumulatedLosses 2023-01-31 04592710 c:FRS102 2023-02-01 2024-01-31 04592710 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04592710 c:FullAccounts 2023-02-01 2024-01-31 04592710 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04592710 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-01 2024-01-31 04592710 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-31 04592710 2 2023-02-01 2024-01-31 04592710 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 04592710 d:ComputerSoftware d:OwnedIntangibleAssets 2023-02-01 2024-01-31 04592710 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 04592710









PLATTEN'S FISH & CHIPS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
COMPANY INFORMATION


Directors
P C Platten 
L P Platten 




Company secretary
Mrs C M Platten



Registered number
04592710



Registered office
12 The Quay
Plattens Fish & Chip Shop

Quayside

Wells-Next-The-Sea

Norfolk

NR23 1AH




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
PLATTEN'S FISH & CHIPS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 12


 
PLATTEN'S FISH & CHIPS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PLATTEN'S FISH & CHIPS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Platten's Fish & Chips Limited for the year ended 31 January 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Platten's Fish & Chips Limited, as a body, in accordance with the terms of our engagement letter dated 22 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of Platten's Fish & Chips Limited  and state those matters that we have agreed to state to the Board of directors of Platten's Fish & Chips Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platten's Fish & Chips Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Platten's Fish & Chips 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 Platten's Fish & Chips Limited. You consider that Platten's Fish & Chips Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Platten's Fish & Chips 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.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
31 October 2024
Page 1

 
PLATTEN'S FISH & CHIPS LIMITED
REGISTERED NUMBER: 04592710

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,520
3,780

Tangible assets
 5 
843,752
915,152

  
846,272
918,932

Current assets
  

Stocks
  
35,108
31,427

Debtors: amounts falling due within one year
 6 
63,248
20,656

Cash at bank and in hand
  
33,734
77,777

  
132,090
129,860

Creditors: amounts falling due within one year
 7 
(342,960)
(275,679)

Net current liabilities
  
 
 
(210,870)
 
 
(145,819)

Total assets less current liabilities
  
635,402
773,113

Creditors: amounts falling due after more than one year
 8 
(472,855)
(583,367)

Provisions for liabilities
  

Deferred tax
  
(46,872)
(53,347)

  
 
 
(46,872)
 
 
(53,347)

Net assets
  
115,675
136,399


Capital and reserves
  

Called up share capital 
  
96
96

Profit and loss account
  
115,579
136,303

  
115,675
136,399


Page 2

 
PLATTEN'S FISH & CHIPS LIMITED
REGISTERED NUMBER: 04592710
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




P C Platten
L P Platten
Director
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Platten's Fish & Chips is a private company, limited by shares, incorporated and domiciled in England and Wales.  The registered office is 12 The Quay, Quayside, Wells-Next-The Sea, Norfolk, NR23 1AH.
The Company's principal activities are those of catering and retail and the letting of holiday accommodation, and it's activities are undertaken in Wells-Next-The-Sea, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have given an undertaking to provide financial support to the Company, where required, for the foreseeable future and having considered the forthcoming cash flow requirements and consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue recognition

Turnover comprises revenue recognised by the company in respect of catering and retail services supplied during the year, exclusive of Value Added Tax.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Plant & machinery
-
15% reducing balance
Motor vehicles
-
15% reducing balance
Fixtures & fittings
-
15% reducing balance
Computer equipment
-
33% straight line
Shop improvements
-
5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 30).

Page 7

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 February 2023
6,300
200,000
206,300



At 31 January 2024

6,300
200,000
206,300



Amortisation


At 1 February 2023
2,520
200,000
202,520


Charge for the year on owned assets
1,260
-
1,260



At 31 January 2024

3,780
200,000
203,780



Net book value



At 31 January 2024
2,520
-
2,520



At 31 January 2023
3,780
-
3,780



Page 8

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Shop  improve  -ments
Plant & machinery
Motor vehicles
Fixtures, fittings & computer equipment
Office equipment

£
£
£
£
£



Cost or valuation


At 1 February 2023
996,463
394,675
102,024
222,345
46,483


Additions
13,034
17,904
-
-
2,340



At 31 January 2024

1,009,497
412,579
102,024
222,345
48,823



Depreciation


At 1 February 2023
385,600
253,229
19,382
153,602
35,025


Charge for the year on owned assets
48,353
23,884
12,396
10,311
9,734



At 31 January 2024

433,953
277,113
31,778
163,913
44,759



Net book value



At 31 January 2024
575,544
135,466
70,246
58,432
4,064



At 31 January 2023
610,863
141,446
82,642
68,743
11,458
Page 9

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 February 2023
1,761,990


Additions
33,278



At 31 January 2024

1,795,268



Depreciation


At 1 February 2023
846,838


Charge for the year on owned assets
104,678



At 31 January 2024

951,516



Net book value



At 31 January 2024
843,752



At 31 January 2023
915,152

Page 10

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Other debtors
59,823
17,085

Prepayments and accrued income
3,425
3,571

63,248
20,656



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
42,835
-

Bank loans
9,999
9,999

Other loans
152,032
92,031

Trade creditors
45,407
52,205

Other taxation and social security
47,899
94,040

Obligations under finance lease and hire purchase contracts
8,482
8,086

Other creditors
26,871
11,420

Accruals and deferred income
9,435
7,898

342,960
275,679



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,169
24,168

Other loans
414,288
506,319

Net obligations under finance leases and hire purchase contracts
44,398
52,880

472,855
583,367



9.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
Contributions totalling 
£636 (2023: £nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 11

 
PLATTEN'S FISH & CHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Related party transactions

At the year end the Company owed £490,019 (2023 - £591,066) to a director.
At the year end a director owed the Company 
£33,923 (2023 - the Company owed this director £11,420).
The above amounts are included within other debtors and other creditors in notes 6, 7 and 8 to the financial statements.

 
Page 12