Marinos Fish & Chips Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 10769951

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		19,180		23,975

			19,180		23,975
CURRENT ASSETS
Stocks	5	5,245		4,450
Debtors	6	2,447		1,129
Cash at bank and in hand		61,161		64,615

		68,853		70,194
Creditors: Amounts Falling Due Within One Year	7	(45,860 )		(39,840 )

NET CURRENT ASSETS (LIABILITIES)			22,993		30,354

TOTAL ASSETS LESS CURRENT LIABILITIES			42,173		54,329

NET ASSETS			42,173		54,329

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			42,073		54,229

SHAREHOLDERS' FUNDS			42,173		54,329

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Marinos Fish & Chips Ltd

Statement of Financial Position (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Imrich Guzi

Director

3 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Marinos Fish & Chips Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10769951 . The registered office is 62 High Brooms Road, Tunbridge Wells, Kent, TN4 9DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. This is usually at the point that the customer has taken the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2.6. Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

2.7. Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

2.8. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

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Marinos Fish & Chips Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 June 2024	31,746

As at 31 May 2025	31,746

Depreciation
As at 1 June 2024	7,771
Provided during the period	4,795

As at 31 May 2025	12,566

Net Book Value
As at 31 May 2025	19,180

As at 1 June 2024	23,975

5. Stocks

	2025	2024
	£	£
Stocks	5,245	4,450

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,189	-
Prepayments and accrued income	1,258	1,129

	2,447	1,129

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,405	7,953
Other taxes and social security	784	751
VAT	12,780	11,335
Net wages	3,071	-
Accruals and deferred income	2,197	1,847
Director's loan account	18,623	17,954

	45,860	39,840

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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