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REGISTERED NUMBER: 05685933 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HORSFORD FISH BAR LIMITED

HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 11,250
Tangible assets 5 27,425 40,352
34,925 51,602

CURRENT ASSETS
Stocks 3,581 4,543
Debtors 6 1,468 1,245
Cash at bank and in hand 79 9,750
5,128 15,538
CREDITORS
Amounts falling due within one year 7 20,418 34,238
NET CURRENT LIABILITIES (15,290 ) (18,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,635

32,902

CREDITORS
Amounts falling due after more than one
year

8

(9,695

)

(14,542

)

PROVISIONS FOR LIABILITIES - (2,205 )
NET ASSETS 9,940 16,155

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 9,840 16,055
SHAREHOLDERS' FUNDS 9,940 16,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Mr D N Gayton - Director


HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Horsford Fish Bar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05685933

Registered office: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

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.

At 30 April 2024 the company had net current liabilities of £15,290. The company relies on the continued support of its directors and bank to meet its day to day working capital requirements. The directors have indicated their willingness to support the company as necessary for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly overs it estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 75,000
AMORTISATION
At 1 May 2023 63,750
Charge for year 3,750
At 30 April 2024 67,500
NET BOOK VALUE
At 30 April 2024 7,500
At 30 April 2023 11,250

HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 76,088 38,158 10,984 125,230
Additions 1,945 - - 1,945
At 30 April 2024 78,033 38,158 10,984 127,175
DEPRECIATION
At 1 May 2023 62,211 11,933 10,734 84,878
Charge for year 5,864 8,763 245 14,872
At 30 April 2024 68,075 20,696 10,979 99,750
NET BOOK VALUE
At 30 April 2024 9,958 17,462 5 27,425
At 30 April 2023 13,877 26,225 250 40,352

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 34,923
DEPRECIATION
At 1 May 2023 8,731
Charge for year 8,730
At 30 April 2024 17,461
NET BOOK VALUE
At 30 April 2024 17,462
At 30 April 2023 26,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,468 1,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 260 -
Hire purchase contracts 4,847 4,847
Trade creditors 1,244 1,107
Taxation and social security 6,057 15,419
Other creditors 8,010 12,865
20,418 34,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,695 14,542

HORSFORD FISH BAR LIMITED (REGISTERED NUMBER: 05685933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 14,542 19,389

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 'A' £1 50 50
50 Ordinary 'B' £1 50 50
100 100