REGISTERED NUMBER: 10761277 (England and Wales)

Chip Ahoy Padstow Limited

Unaudited Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

J Doodson

E F Doodson

Registered office:

8 Broad Street

Padstow

Cornwall

PL28 8BS

Registered number:

10761277 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

35,000

35,000

Tangible assets

5

30,424

38,286

65,424

73,286

Current assets

Stocks

20,500

23,000

Debtors

6

31,639

21,110

Cash at bank and in hand

38,628

26,880

90,767

70,990

Creditors

Amounts falling due within one year

7

80,576

80,540

Net current assets/(liabilities)

10,191

(9,550

)

Total assets less current liabilities

75,615

63,736

Creditors

Amounts falling due after more than one year

8

(2,000

)

(8,000

)

Provisions for liabilities

9

(8,062

)

(10,146

)

Net assets

65,553

45,590

Capital and reserves

Called up share capital

10

100

100

Retained earnings

65,453

45,490

Shareholders' funds

65,553

45,590

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 February 2026 and were signed on its behalf by:

J Doodson - Director

1.	Statutory information

Chip Ahoy Padstow 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.

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 for fish and chips and related product sales during the year.

Goodwill

Amortisation of goodwill has not been provided for by the company, as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period. The effect of this departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for, the charge for the year would have amounted to £3,000 and the profit for the year reduced accordlingly.

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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

Stocks are measured at estimated cost.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 6 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 August 2024

and 31 July 2025

35,000

Net book value

At 31 July 2025

35,000

At 31 July 2024

35,000

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 August 2024

and 31 July 2025

65,096

1,416

66,512

Depreciation

At 1 August 2024

28,147

79

28,226

Charge for year

7,390

472

7,862

At 31 July 2025

35,537

551

36,088

Net book value

At 31 July 2025

29,559

865

30,424

At 31 July 2024

36,949

1,337

38,286

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

31,639

21,110

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loan

6,000

6,000

Trade creditors

40,594

40,028

Taxation and social security

29,337

16,934

Other creditors

4,645

17,578

80,576

80,540

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loan

2,000

8,000

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

8,062

10,146

Deferred

tax

£

Balance at 1 August 2024

10,146

Credit to Statement of Income and Retained Earnings during year

(2,084

)

Balance at 31 July 2025

8,062

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

11.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31 July 2025 and the period ended 31 July 2024:

2025

2024

£

£

E F Doodson and J Doodson

Balance outstanding at start of year

19,529

(387

)

Amounts advanced

104,368

116,193

Amounts repaid

(94,792

)

(96,277

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,105

19,529