Garcia's Fish & Chips Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12899504 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

GARCIA'S FISH & CHIPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Rafael Chandler

Mrs Rachel Louise Chandler

REGISTERED OFFICE:

9 Kerry Street

Horsforth

Leeds

LS18 4AW

REGISTERED NUMBER:

12899504 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Intangible assets

4

129,176

154,172

Tangible assets

5

321,167

361,492

450,343

515,664

CURRENT ASSETS

Stocks

5,104

4,362

Debtors

6

70,667

82,149

Cash at bank

55,856

37,333

131,627

123,844

CREDITORS

Amounts falling due within one year

7

128,966

162,563

NET CURRENT ASSETS/(LIABILITIES)

2,661

(38,719

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

453,004

476,945

CREDITORS

Amounts falling due after more than one
year

8

(273,812

)

(241,373

)

PROVISIONS FOR LIABILITIES

10

(19,584

)

(29,666

)

NET ASSETS

159,608

205,906

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

159,508

205,806

SHAREHOLDERS' FUNDS

159,608

205,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

Mr Rafael Chandler - Director

1.	STATUTORY INFORMATION

Garcia's Fish & 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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 cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 Income Statement, 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 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

249,998

AMORTISATION

At 1 November 2024

95,826

Charge for year

24,996

At 31 October 2025

120,822

NET BOOK VALUE

At 31 October 2025

129,176

At 31 October 2024

154,172

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

242,829

224,333

467,162

Additions

-

7,678

At 31 October 2025

242,829

232,011

474,840

DEPRECIATION

At 1 November 2024

-

105,670

Charge for year

-

48,003

At 31 October 2025

-

153,673

NET BOOK VALUE

At 31 October 2025

242,829

78,338

321,167

At 31 October 2024

242,829

118,663

361,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Directors' current accounts

68,179

72,930

Prepayments and accrued income

2,488

9,219

70,667

82,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

14,442

42,396

Hire purchase contracts

19,174

18,351

Trade creditors

18,101

18,290

Tax

35,864

42,758

Social security and other taxes

2,907

2,048

VAT

31,901

26,575

Other creditors

3,369

7,567

Accruals and deferred income

3,208

4,578

128,966

162,563

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

53,613

2,000

Other loans

150,000

Hire purchase contracts

70,199

89,373

273,812

241,373

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans

150,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Other loans

150,000

Bank loans

68,055

26,000

218,055

176,000

The other loans are secured against the property held by the company.

The bank loans are secured by a fixed and floating charge over all the assets held by the company.

10.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

Deferred tax

19,584

29,666

Deferred

tax

£

Balance at 1 November 2024

29,666

Credit to Income Statement during year

(10,082

)

Balance at 31 October 2025

19,584

11.	RELATED PARTY DISCLOSURES

At the year end Mr R Chandler owed the company £68,179 (2024: £72,930). Interest has been charged at the HMRC official rate on the loan..

The controlling party is Mr Rafael Chandler.