REGISTERED NUMBER: 11706243 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ERIC'S FISH AND CHIPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E J Snaith

Mrs L R Snaith

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

11706243 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

4,070

4,652

Tangible assets

5

1,273

-

Investments

6

425

400

5,768

5,052

CURRENT ASSETS

Debtors

7

392,997

365,583

Cash at bank

23,874

36,127

416,871

401,710

CREDITORS

Amounts falling due within one year

8

291,669

218,988

NET CURRENT ASSETS

125,202

182,722

TOTAL ASSETS LESS CURRENT LIABILITIES

130,970

187,774

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

130,770

187,574

130,970

187,774

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

E J Snaith - Director

1.	STATUTORY INFORMATION

Eric's 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.

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Trademarks are being amortised evenly over their estimated useful lives of ten years.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Investments in jointly controlled entities

Investments in jointly controlled entities are carried at cost.

Consolidation

The company and its joint ventures are considered small. The company has therefore taken advantage of the exemption which would be provided by section 398 of the Companies Act 2006 should they have owned subsidiaries not to prepare group accounts or give further financial information with respect to its investments in jointly controlled entities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

5,801

AMORTISATION

At 1 January 2024

1,149

Charge for year

582

At 31 December 2024

1,731

NET BOOK VALUE

At 31 December 2024

4,070

At 31 December 2023

4,652

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,300

At 31 December 2024

1,300

DEPRECIATION

Charge for year

27

At 31 December 2024

27

NET BOOK VALUE

At 31 December 2024

1,273

6.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

undertakings

venture

Totals

£

£

£

COST

At 1 January 2024

300

100

400

Additions

25

-

25

Reclassification/transfer

50

(50

)

-

At 31 December 2024

375

50

425

NET BOOK VALUE

At 31 December 2024

375

50

425

At 31 December 2023

300

100

400

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

76,574

56,081

Other debtors

128,723

114,502

205,297

170,583

Amounts falling due after more than one year:

Amounts owed by group undertakings

187,700

195,000

Aggregate amounts

392,997

365,583

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,354

5,642

Amounts owed to group undertakings

12,489

1,781

Amounts owed to joint ventures

50

50

Taxation and social security

28,659

42,595

Other creditors

249,117

168,920

291,669

218,988

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

E J Snaith and Mrs L R Snaith

Balance outstanding at start of year

106,547

18,552

Amounts advanced

190,953

224,338

Amounts repaid

(245,881

)

(136,343

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

51,619

106,547

Interest has been charged at 2% to 5th April 2023 and 2.25% thereafter on overdrawn directors loan balances and paid at 6% on directors loan credit balances.