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REGISTERED NUMBER: 12899504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GARCIA'S FISH & CHIPS LIMITED

GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARCIA'S FISH & CHIPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr Rafael Chandler
Mrs Rachel Louise Chandler





REGISTERED OFFICE: 9 Kerry Street
Horsforth
Leeds
LS18 4AW





REGISTERED NUMBER: 12899504 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 154,172 179,172
Tangible assets 5 361,492 393,822
515,664 572,994

CURRENT ASSETS
Stocks 4,362 3,507
Debtors 6 82,149 22,652
Cash at bank 37,333 44,455
123,844 70,614
CREDITORS
Amounts falling due within one year 7 162,563 135,924
NET CURRENT LIABILITIES (38,719 ) (65,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,945

507,684

CREDITORS
Amounts falling due after more than one
year

8

(241,373

)

(312,257

)

PROVISIONS FOR LIABILITIES 10 (29,666 ) (37,732 )
NET ASSETS 205,906 157,695

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 205,806 157,595
SHAREHOLDERS' FUNDS 205,906 157,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr Rafael Chandler - Director


GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Garcia'S Fish & Chips Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
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 in 2021, is being amortised evenly over its 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% 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 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.


GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

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 AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 249,998
AMORTISATION
At 1 November 2023 70,826
Charge for year 25,000
At 31 October 2024 95,826
NET BOOK VALUE
At 31 October 2024 154,172
At 31 October 2023 179,172

GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 242,829 210,253 453,082
Additions - 14,080 14,080
At 31 October 2024 242,829 224,333 467,162
DEPRECIATION
At 1 November 2023 - 59,260 59,260
Charge for year - 46,410 46,410
At 31 October 2024 - 105,670 105,670
NET BOOK VALUE
At 31 October 2024 242,829 118,663 361,492
At 31 October 2023 242,829 150,993 393,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Directors' current accounts 72,930 18,550
Prepayments and accrued income 9,219 4,102
82,149 22,652

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 42,396 24,000
Hire purchase contracts 18,351 25,019
Trade creditors 18,290 14,989
Tax 42,758 27,866
Social security and other taxes 2,048 2,370
VAT 26,575 30,159
Other creditors 7,567 8,336
Accruals and deferred income 4,578 3,185
162,563 135,924

GARCIA'S FISH & CHIPS LIMITED (REGISTERED NUMBER: 12899504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 2,000 26,000
Other loans 150,000 180,000
Hire purchase contracts 89,373 106,257
241,373 312,257

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 150,000 180,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Other loans 150,000 180,000
Bank loans 26,000 50,000
176,000 230,000

The other loans are secured against the property held by the company.

The bank loans are secured by a fixed and floating charge over all the assets held by the company.

10. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 29,666 37,732

Deferred
tax
£   
Balance at 1 November 2023 37,732
Credit to Income Statement during year (8,066 )
Balance at 31 October 2024 29,666

11. RELATED PARTY DISCLOSURES

At the yearend 31 October 2024 a balance owing from director Mr R Chandler of £72,930 (2023: £18,550). Interest has been charged at the HMRC offical rate on the loan and is repayable on demand.

The controlling party is Mr Rafael Chandler.