REGISTERED NUMBER: 05018633 (Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WHITSTONE'S TRADITIONAL FISH AND CHIPS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N C Swain

M J Swain

Mrs GC Mills

Mrs A R Stewart

R J Mills

SECRETARY:

Mrs N C Swain

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

05018633 (Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Tangible assets

4

32,172

34,540

CURRENT ASSETS

Stocks

17,946

15,915

Debtors

5

93,776

83,702

Cash at bank and in hand

3,283

6,787

115,005

106,404

CREDITORS

Amounts falling due within one year

6

142,007

123,695

NET CURRENT LIABILITIES

(27,002

)

(17,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,170

17,249

CREDITORS

Amounts falling due after more than one year

7

(2,237

)

(12,439

)

PROVISIONS FOR LIABILITIES

8

(1,547

)

(2,561

)

NET ASSETS

1,386

2,249

CAPITAL AND RESERVES

Called up share capital

9

180

180

Retained earnings

1,206

2,069

SHAREHOLDERS' FUNDS

1,386

2,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 December 2025 and were signed on its behalf by:

M J Swain - Director

Mrs N C Swain - Director

1.	STATUTORY INFORMATION

Whitstone's Traditional Fish and Chips Limited is a private company, limited by shares , registered in 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.

Improvements to property

-

not provided

Equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

25% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Office

property

Equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

22,830

162,011

48,895

4,045

237,781

DEPRECIATION

At 1 April 2024

-

153,299

46,412

3,530

203,241

Charge for year

-

1,742

497

129

2,368

At 31 March 2025

-

155,041

46,909

3,659

205,609

NET BOOK VALUE

At 31 March 2025

22,830

6,970

1,986

386

32,172

At 31 March 2024

22,830

8,712

2,483

515

34,540

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

31,036

23,994

Directors' loan accounts

62,740

59,708

93,776

83,702

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

10,000

10,000

Trade creditors

88,331

60,828

Corporation tax

4,149

7,926

Social security and other taxes

355

1,131

VAT

34,392

33,508

Other creditors

1,430

7,032

Accrued expenses

3,350

3,270

142,007

123,695

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

2,237

12,439

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,547

2,561

Deferred

tax

£

Balance at 1 April 2024

2,561

Credit to Statement of Income and Retained Earnings during year

(1,014

)

Balance at 31 March 2025

1,547

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary'A'Shares

£1

100

100

20

Ordinary'B'Shares

£1

20

20

30

Ordinary'C'Shares

£1

30

30

10

Ordinary 'D' shares

£1

10

10

10

Ordinary 'E'

£1

10

10

10

Ordinary 'F'

£1

10

10

180

180

10.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs N C Swain

Balance outstanding at start of year

29,853

14,931

Amounts advanced

22,742

36,551

Amounts repaid

(21,226

)

(21,629

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,369

29,853

M J Swain

Balance outstanding at start of year

29,855

14,933

Amounts advanced

22,742

36,551

Amounts repaid

(21,226

)

(21,629

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,371

29,855

Interest has been charged at the official rate of 2.25%.