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REGISTERED NUMBER: 10765888 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2022

for

Frankly Fish & Chips Ltd

Frankly Fish & Chips Ltd (Registered number: 10765888)






Contents of the Financial Statements
for the Year Ended 31st May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frankly Fish & Chips Ltd

Company Information
for the Year Ended 31st May 2022







DIRECTORS: Ms. L M Ives
S A I Franklin





REGISTERED OFFICE: 12 Park Road
Granborough
Buckingham
MK18 3NS





REGISTERED NUMBER: 10765888 (England and Wales)





ACCOUNTANTS: Courts Accountancy Services Ltd
Investment House
24 Vicarage Road
Winslow
Buckinghamshire
MK18 3BE

Frankly Fish & Chips Ltd (Registered number: 10765888)

Balance Sheet
31st May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 31,014 41,125

CURRENT ASSETS
Debtors 5 34,860 9,757
Cash at bank and in hand 28,726 12,857
63,586 22,614
CREDITORS
Amounts falling due within one year 6 110,294 60,755
NET CURRENT LIABILITIES (46,708 ) (38,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,694

)

2,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,794 ) 2,884
(15,694 ) 2,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 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.

Frankly Fish & Chips Ltd (Registered number: 10765888)

Balance Sheet - continued
31st May 2022


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 Board of Directors and authorised for issue on 11th March 2025 and were signed on its behalf by:




Ms. L M Ives - Director



S A I Franklin - Director


Frankly Fish & Chips Ltd (Registered number: 10765888)

Notes to the Financial Statements
for the Year Ended 31st May 2022

1. STATUTORY INFORMATION

Frankly Fish & Chips Ltd 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
Revenue 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.
Plant and machinery etc - Straight line over 4 years

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.

Frankly Fish & Chips Ltd (Registered number: 10765888)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st June 2021 55,041
Additions 228
At 31st May 2022 55,269
DEPRECIATION
At 1st June 2021 13,916
Charge for year 10,339
At 31st May 2022 24,255
NET BOOK VALUE
At 31st May 2022 31,014
At 31st May 2021 41,125

5. DEBTORS
31.5.22 31.5.21
£    £   
Amounts falling due within one year:
Trade debtors 16,178 -
Other debtors 18,682 -
34,860 -

Amounts falling due after more than one year:
Other debtors - 9,757

Aggregate amounts 34,860 9,757

Frankly Fish & Chips Ltd (Registered number: 10765888)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts 47,103 58,173
Trade creditors 27,265 5,432
Taxation and social security 44,462 19,393
Other creditors (8,536 ) (22,243 )
110,294 60,755

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2022 and 31st May 2021:

31.5.22 31.5.21
£    £   
Ms. L M Ives
Balance outstanding at start of year - -
Amounts advanced 4,679 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,679 -

S A I Franklin
Balance outstanding at start of year - -
Amounts advanced 14,001 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,001 -