Registered number
05157748
Welcome Fish Bar Limited
Filleted Accounts
31 August 2024
Welcome Fish Bar Limited
Registered number: 05157748
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 6,500
Tangible assets 4 1,856 1,558
1,856 8,058
Current assets
Stocks 3,280 3,040
Debtors 5 92 3,191
Cash at bank and in hand 80,877 58,065
84,249 64,296
Creditors: amounts falling due within one year 6 (64,636) (48,223)
Net current assets 19,613 16,073
Total assets less current liabilities 21,469 24,131
Provisions for liabilities (353) (296)
Net assets 21,116 23,835
Capital and reserves
Called up share capital 200 2
Profit and loss account 20,916 23,833
Shareholders' funds 21,116 23,835
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Lipery
Director
Approved by the board on 7 May 2025
Welcome Fish Bar Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and vat.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 130,000
At 31 August 2024 130,000
Amortisation
At 1 September 2023 123,500
Provided during the year 6,500
At 31 August 2024 130,000
Net book value
At 31 August 2024 -
At 31 August 2023 6,500
Goodwill, being the amount paid in connection with the acquisition of a business in 2004 is being amortised evenly over its estimated useful life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 29,554
Additions 1,022
At 31 August 2024 30,576
Depreciation
At 1 September 2023 27,996
Charge for the year 724
At 31 August 2024 28,720
Net book value
At 31 August 2024 1,856
At 31 August 2023 1,558
5 Debtors 2024 2023
£ £
Other debtors 92 3,191
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 21,188 9,879
Other creditors 43,448 38,344
64,636 48,223
7 Other information
Welcome Fish Bar Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hawkesley Square
Kings Norton
Birmingham
West Midlands
B38 9TU
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