Registered number
04451080
Cod Steaks Limited
Filleted Accounts
30 September 2024
Cod Steaks Limited
Registered number: 04451080
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 136,580 78,801
Current assets
Stocks 7,500 7,500
Debtors 4 1,042,887 772,472
Cash at bank and in hand 866,549 449,889
1,916,936 1,229,861
Creditors: amounts falling due within one year 5 (821,656) (337,620)
Net current assets 1,095,280 892,241
Total assets less current liabilities 1,231,860 971,042
Creditors: amounts falling due after more than one year 6 (41,003) (33,080)
Provisions for liabilities (34,144) (14,972)
Net assets 1,156,713 922,990
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,156,613 922,890
Shareholders' funds 1,156,713 922,990
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.
Mrs Sue Lipscombe
Director
Approved by the board on 2 June 2025
Cod Steaks Limited
Notes to the Accounts
for the year ended 30 September 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 value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Motor vehicles over 3 years
Fixtures and fittings over 3 years
Improvements to leasehold over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 40 39
3 Tangible fixed assets
Plant and machinery etc Fixtures and fittings Improvements to leasehold Total
£ £ £ £
Cost
At 1 October 2023 223,288 97,669 12,199 333,156
Additions 1,837 13,427 86,073 101,337
Disposals (7,800) - - (7,800)
At 30 September 2024 217,325 111,096 98,272 426,693
Depreciation
At 1 October 2023 169,673 81,665 3,017 254,355
Charge for the year 15,991 15,355 9,827 41,173
On disposals (5,415) - - (5,415)
At 30 September 2024 180,249 97,020 12,844 290,113
Net book value
At 30 September 2024 37,076 14,076 85,428 136,580
At 30 September 2023 53,615 16,004 9,182 78,801
4 Debtors 2024 2023
£ £
Trade debtors 370,523 348,064
Directors' loan account 81,896 94,091
Other debtors 590,468 330,317
1,042,887 772,472
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,222 33,333
Obligations under finance lease and hire purchase contracts 13,343 3,251
Trade creditors 258,099 123,163
Taxation and social security costs 180,280 129,536
Other creditors 347,712 48,337
821,656 337,620
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 22,222
Obligations under finance lease and hire purchase contracts 41,003 10,858
41,003 33,080
7 Related party transactions
Within other debtors there is a balance of £357,939 (2023: £217,730) due from House of Cod Limited, a company registered in England & Wales. The Directors of the company are also the directors of House of Cod Limited. No interest is being charged on the balance.
8 Other information
Cod Steaks Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Cole Road
St Philips
Bristol
BS2 0UG
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