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REGISTERED NUMBER: 06309078 (England and Wales)











Financial Statements for the Year Ended 30 September 2024

for

FAIR BANKS TRADITIONAL FISH & CHIPS LTD

FAIR BANKS TRADITIONAL FISH & CHIPS LTD (Registered number: 06309078)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIR BANKS TRADITIONAL FISH & CHIPS LTD

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M Sedaghatpanah
M Amrabadi





REGISTERED OFFICE: 23 Flaxpits Lne
Winterbourne
Bristol
Avon
BS361JY





REGISTERED NUMBER: 06309078 (England and Wales)





ACCOUNTANT: PBTA Hanham Limited
87 High Street
Hanham
Bristol
BS15 3QG

FAIR BANKS TRADITIONAL FISH & CHIPS LTD (Registered number: 06309078)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 99,194 76,700

CURRENT ASSETS
Stocks 4,500 4,000
Debtors 5 15,719 2,162
Cash at bank and in hand 6,232 22,768
26,451 28,930
CREDITORS
Amounts falling due within one year 6 43,258 40,299
NET CURRENT LIABILITIES (16,807 ) (11,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,387

65,331

CREDITORS
Amounts falling due after more than one
year

7

(34,106

)

(22,624

)

PROVISIONS FOR LIABILITIES (11,751 ) (11,751 )
NET ASSETS 36,530 30,956

CAPITAL AND RESERVES
Called up share capital 600 600
Share premium 29,904 29,904
Retained earnings 6,026 452
36,530 30,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

FAIR BANKS TRADITIONAL FISH & CHIPS LTD (Registered number: 06309078)

Balance Sheet - continued
30 September 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 25 May 2025 and were signed on its behalf by:




M Amrabadi - Director



M Sedaghatpanah - Director


FAIR BANKS TRADITIONAL FISH & CHIPS LTD (Registered number: 06309078)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

FAIR BANKS TRADITIONAL 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
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.

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 15 (2023 - 13 ) .

FAIR BANKS TRADITIONAL FISH & CHIPS LTD (Registered number: 06309078)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 89,799 104,737 194,536
Additions - 34,756 34,756
At 30 September 2024 89,799 139,493 229,292
DEPRECIATION
At 1 October 2023 61,035 56,801 117,836
Charge for year 1,151 11,111 12,262
At 30 September 2024 62,186 67,912 130,098
NET BOOK VALUE
At 30 September 2024 27,613 71,581 99,194
At 30 September 2023 28,764 47,936 76,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 719 2,162
Other debtors 15,000 -
15,719 2,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,168 -
Trade creditors 1,516 23
Taxation and social security 25,294 29,056
Other creditors 1,280 1,220
43,258 40,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 17,742 22,624
Hire purchase contracts 16,364 -
34,106 22,624

FAIR BANKS TRADITIONAL FISH & CHIPS LTD (Registered number: 06309078)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
M Amrabadi
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

M Sedaghatpanah
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

The overdrawn loan account has been repaid within 9 months of the year end.