Registration number: 04500257

Bitsons Ltd.

trading as Bitsons Fish & Chips

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 9

Bitsons Ltd.

trading as Bitsons Fish & Chips

Company Information

Directors

Mrs HR Bitson Mr AR Bitson

Registered office

Unit 21 Horsley's Fields King's Lynn Norfolk PE30 5DD

Bitsons Ltd.

trading as Bitsons Fish & Chips

(Registration number: 04500257)
Statement of financial position as at 31 August 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	6	5,488	6,456
Current assets
Stocks	7	2,000	2,000
Debtors	8	1,172	665
Cash at bank and in hand		230,961	203,370
		234,133	206,035
Creditors: Amounts falling due within one year	9	(28,611)	(32,447)
Net current assets		205,522	173,588
Total assets less current liabilities		211,010	180,044
Provisions for liabilities		(1,095)	(1,632)
Net assets		209,915	178,412
Capital and reserves
Called up share capital		100	100
Retained earnings		209,815	178,312
Shareholders' funds		209,915	178,412

For the financial year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 12 October 2026 and signed on its behalf by:
 

......................................... Mrs HR Bitson Director

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 21 Horsley's Fields
King's Lynn
Norfolk
PE30 5DD

The principal place of business is:
6 Blackfriars Street
Kings Lynn
Norfolk
PE30 1NN

These financial statements were authorised for issue by the Board on 12 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant & Machinery	15% Reducing balance
Fixtures, fittings & equipment	15% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Fully amortised

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2025 - 6).

4

Taxation

Tax charged/(credited) in the statement of comprehensive income

	2026 £	2025 £
Current taxation
UK corporation tax	11,416	6,022
Deferred taxation
Arising from origination and reversal of timing differences	(537)	203
Tax expense in the income statement	10,879	6,225

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2025	40,000	40,000
At 31 August 2026	40,000	40,000
Amortisation
At 1 September 2025	40,000	40,000
At 31 August 2026	40,000	40,000
Carrying amount
At 31 August 2026	-	-

6	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 September 2025	29,695	2,617	32,312
At 31 August 2026	29,695	2,617	32,312
Depreciation
At 1 September 2025	23,845	2,011	25,856
Charge for the year	877	91	968
At 31 August 2026	24,722	2,102	26,824
Carrying amount
At 31 August 2026	4,973	515	5,488
At 31 August 2025	5,850	606	6,456

7

Stocks

	2026 £	2025 £
Finished goods and goods for resale	2,000	2,000

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

8

Debtors

	2026 £	2025 £
Other debtors	105	74
Prepayments	1,067	591
	1,172	665

Bitsons Ltd.

trading as Bitsons Fish & Chips

Notes to the Unaudited Financial Statements for the year ended 31 August 2026

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		1,981	4,825
Amounts due to related parties		375	8,947
Social security and other taxes		11,494	10,465
Other payables		(1)	(103)
Accruals		3,346	2,291
Tax liability		11,416	6,022
		28,611	32,447

10	Provisions for liabilities

	Deferred tax £	Total £
At 1 September 2025	1,632	1,632
Increase (decrease) in existing provisions	(537)	(537)
At 31 August 2026	1,095	1,095

11	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A Shares of £1 each	50	50	50	50
Ordinary B Shares of £1 each	50	50	50	50
	100	100	100	100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.