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REGISTERED NUMBER: 12229858 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

The Market Square Fish And Chips Limited

The Market Square Fish And Chips Limited (Registered number: 12229858)






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


The Market Square Fish And Chips Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: R Akturk





REGISTERED OFFICE: Llanrhaeadr Ym Mochnant
Oswestry
Shropshire
SY10 0JG





REGISTERED NUMBER: 12229858 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

The Market Square Fish And Chips Limited (Registered number: 12229858)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,380 3,374

CURRENT ASSETS
Stocks 5 694 -
Cash at bank and in hand 2,310 1,857
3,004 1,857
CREDITORS
Amounts falling due within one year 6 2,050 1,156
NET CURRENT ASSETS 954 701
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,334

4,075

CREDITORS
Amounts falling due after more than one
year

7

8,298

11,596
NET LIABILITIES (4,964 ) (7,521 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (5,964 ) (8,521 )
SHAREHOLDERS' FUNDS (4,964 ) (7,521 )

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 director acknowledges his 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.

The Market Square Fish And Chips Limited (Registered number: 12229858)

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 director and authorised for issue on 21 May 2025 and were signed by:





Mrs C Powell - Director


The Market Square Fish And Chips Limited (Registered number: 12229858)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

The Market Square Fish And 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

The Market Square Fish And Chips Limited (Registered number: 12229858)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 4,968
DEPRECIATION
At 1 November 2023 1,594
Charge for year 994
At 31 October 2024 2,588
NET BOOK VALUE
At 31 October 2024 2,380
At 31 October 2023 3,374

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 694 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 900 825
Paye 150 331
Other creditors 1,000 -
2,050 1,156

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans more 5 yr by instal 8,298 11,596

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,298 11,596

The Market Square Fish And Chips Limited (Registered number: 12229858)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Ordinary shares class A 1.00 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 November 2023 (8,521 )
Profit for the year 2,557
At 31 October 2024 (5,964 )