Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Kaylee Ann Herbert 04/12/2024 19/08/2020 Lynda Jane Long 27/06/1997 Richard Derek Long 27/06/1997 17 February 2025 The principal activity of the Company during the financial year was fish and chip retail. 03394328 2024-07-31 03394328 bus:Director1 2024-07-31 03394328 bus:Director2 2024-07-31 03394328 bus:Director3 2024-07-31 03394328 2023-07-31 03394328 core:CurrentFinancialInstruments 2024-07-31 03394328 core:CurrentFinancialInstruments 2023-07-31 03394328 core:Non-currentFinancialInstruments 2024-07-31 03394328 core:Non-currentFinancialInstruments 2023-07-31 03394328 core:ShareCapital 2024-07-31 03394328 core:ShareCapital 2023-07-31 03394328 core:RetainedEarningsAccumulatedLosses 2024-07-31 03394328 core:RetainedEarningsAccumulatedLosses 2023-07-31 03394328 core:Goodwill 2023-07-31 03394328 core:OtherResidualIntangibleAssets 2023-07-31 03394328 core:Goodwill 2024-07-31 03394328 core:OtherResidualIntangibleAssets 2024-07-31 03394328 core:LandBuildings 2023-07-31 03394328 core:OtherPropertyPlantEquipment 2023-07-31 03394328 core:LandBuildings 2024-07-31 03394328 core:OtherPropertyPlantEquipment 2024-07-31 03394328 core:CurrentFinancialInstruments core:Secured 2024-07-31 03394328 core:MoreThanFiveYears 2024-07-31 03394328 core:MoreThanFiveYears 2023-07-31 03394328 2023-08-01 2024-07-31 03394328 bus:FilletedAccounts 2023-08-01 2024-07-31 03394328 bus:SmallEntities 2023-08-01 2024-07-31 03394328 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03394328 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03394328 bus:Director1 2023-08-01 2024-07-31 03394328 bus:Director2 2023-08-01 2024-07-31 03394328 bus:Director3 2023-08-01 2024-07-31 03394328 core:Goodwill core:TopRangeValue 2023-08-01 2024-07-31 03394328 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-08-01 2024-07-31 03394328 core:PatentsTrademarksLicencesConcessionsSimilar 2023-08-01 2024-07-31 03394328 core:LandBuildings core:TopRangeValue 2023-08-01 2024-07-31 03394328 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 03394328 2022-08-01 2023-07-31 03394328 core:Goodwill 2023-08-01 2024-07-31 03394328 core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 03394328 core:LandBuildings 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 03394328 (England and Wales)

HARLEES FISH AND CHIPS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

HARLEES FISH AND CHIPS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

HARLEES FISH AND CHIPS LIMITED

BALANCE SHEET

As at 31 July 2024
HARLEES FISH AND CHIPS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 13,425 91,134
Tangible assets 4 1,440,401 1,508,582
1,453,826 1,599,716
Current assets
Stocks 5 127,470 126,447
Debtors 6 110,750 120,369
Cash at bank and in hand 104,598 254,131
342,818 500,947
Creditors: amounts falling due within one year 7 ( 592,038) ( 553,911)
Net current liabilities (249,220) (52,964)
Total assets less current liabilities 1,204,606 1,546,752
Creditors: amounts falling due after more than one year 8 ( 497,419) ( 553,650)
Provision for liabilities ( 226,458) ( 195,912)
Net assets 480,729 797,190
Capital and reserves
Called-up share capital 2 2
Profit and loss account 480,727 797,188
Total shareholders' funds 480,729 797,190

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Harlees Fish and Chips Limited (registered number: 03394328) were approved and authorised for issue by the Board of Directors on 17 February 2025. They were signed on its behalf by:

Richard Derek Long
Director
HARLEES FISH AND CHIPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
HARLEES FISH AND CHIPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harlees Fish and Chips Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 159 Wareham Road, Corfe Mullen, Wimborne, BH21 3LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Other intangible assets 10 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of [amount of years] years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 101 105

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 August 2023 575,500 6,930 582,430
Additions 0 1,440 1,440
At 31 July 2024 575,500 8,370 583,870
Accumulated amortisation
At 01 August 2023 490,000 1,296 491,296
Charge for the financial year 78,357 792 79,149
At 31 July 2024 568,357 2,088 570,445
Net book value
At 31 July 2024 7,143 6,282 13,425
At 31 July 2023 85,500 5,634 91,134

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 August 2023 793,388 2,242,577 3,035,965
Additions 3,055 155,561 158,616
Disposals 0 ( 46,564) ( 46,564)
At 31 July 2024 796,443 2,351,574 3,148,017
Accumulated depreciation
At 01 August 2023 428,229 1,099,154 1,527,383
Charge for the financial year 18,555 200,002 218,557
Disposals 0 ( 38,324) ( 38,324)
At 31 July 2024 446,784 1,260,832 1,707,616
Net book value
At 31 July 2024 349,659 1,090,742 1,440,401
At 31 July 2023 365,159 1,143,423 1,508,582

5. Stocks

2024 2023
£ £
Stocks 127,470 126,447

6. Debtors

2024 2023
£ £
Corporation tax 0 14,046
Other debtors 110,750 106,323
110,750 120,369

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured £ 54,756) 55,644 54,756
Trade creditors 168,018 167,797
Other taxation and social security 203,510 204,110
Obligations under finance leases and hire purchase contracts (secured £43,410) 56,098 43,410
Other creditors 108,768 83,838
592,038 553,911

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 451,270 507,402
Obligations under finance leases and hire purchase contracts (secured) 46,149 46,248
497,419 553,650

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 192,159 167,551