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Company Registration No. 08037128 (England and Wales)
Sheppards Fish Bar Limited Unaudited accounts for the year ended 31 July 2024
Sheppards Fish Bar Limited Unaudited accounts Contents
Page
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Sheppards Fish Bar Limited Company Information for the year ended 31 July 2024
Director
Julian P Allen
Company Number
08037128 (England and Wales)
Registered Office
205 Cardiff Road Newport NP20 3AG Wales
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sheppards Fish Bar Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sheppards Fish Bar Limited for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 13 December 2024
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Sheppards Fish Bar Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,572 
8,115 
Current assets
Inventories
5,000 
5,000 
Debtors
172,090 
238,769 
Cash at bank and in hand
284,849 
251,503 
461,939 
495,272 
Creditors: amounts falling due within one year
(139,889)
(151,554)
Net current assets
322,050 
343,718 
Total assets less current liabilities
328,622 
351,833 
Creditors: amounts falling due after more than one year
(10,468)
(20,720)
Net assets
318,154 
331,113 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
318,054 
331,013 
Shareholders' funds
318,154 
331,113 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 December 2024 and were signed on its behalf by
Julian P Allen Director Company Registration No. 08037128
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Sheppards Fish Bar Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Sheppards Fish Bar Limited is a private company, limited by shares, registered in England and Wales, registration number 08037128. The registered office is 205 Cardiff Road, Newport, NP20 3AG, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Sheppards Fish Bar Limited Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
250,000 
At 31 July 2024
250,000 
Amortisation
At 1 August 2023
250,000 
At 31 July 2024
250,000 
Net book value
At 31 July 2024
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
29,461 
Additions
2,473 
At 31 July 2024
31,934 
Depreciation
At 1 August 2023
21,346 
Charge for the year
4,016 
At 31 July 2024
25,362 
Net book value
At 31 July 2024
6,572 
At 31 July 2023
8,115 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
5,000 
5,000 
5,000 
5,000 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
128,665 
238,769 
Amounts falling due after more than one year
Other debtors
43,425 
- 
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Sheppards Fish Bar Limited Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,252 
10,002 
VAT
24,663 
22,314 
Trade creditors
4,719 
30,873 
Taxes and social security
98,555 
86,665 
Accruals
1,700 
1,700 
139,889 
151,554 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,468 
20,720 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Julian P Allen
Loan advances made by directors
178,519 
- 
49,853 
128,666 
178,519 
- 
49,853 
128,666 
The balance represents an interest free loan that it repayable upon demand.
12
Average number of employees
During the year the average number of employees was 12 (2023: 10).
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