Sykes Fish & Chips Limited - Filleted accounts

Registered number

04664522

Sykes Fish & Chips Limited

Filleted Accounts

31 March 2025

Sykes Fish & Chips Limited
Registered number:		04664522
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		169,329			176,575

Current assets
Stocks		4,000			4,000
Debtors	5	8,510			4,922
Cash at bank and in hand		26,440			50,837
		38,950			59,759

Creditors: amounts falling due within one year	6	(81,708)			(87,550)

Net current liabilities			(42,758)			(27,791)

Total assets less current liabilities			126,571			148,784

Creditors: amounts falling due after more than one year	7		(9,167)			(19,167)

Provisions for liabilities			(31,791)			(25,380)


Net assets			85,613			104,237

Capital and reserves
Called up share capital			101			100
Profit and loss account			85,512			104,137

Shareholders' funds			85,613			104,237

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr A Sykes
Director
Approved by the board on 13 November 2025

Sykes Fish & Chips Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					23		23


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							40,000
	At 31 March 2025							40,000

	Amortisation
	At 1 April 2024							40,000
	At 31 March 2025							40,000

	Net book value
	At 31 March 2025							-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	42,164		280,170		34,345		356,679
	Additions	-		24,545		-		24,545
	At 31 March 2025	42,164		304,715		34,345		381,224

	Depreciation
	At 1 April 2024	-		173,235		6,869		180,104
	Charge for the year	-		26,296		5,495		31,791
	At 31 March 2025	-		199,531		12,364		211,895

	Net book value
	At 31 March 2025	42,164		105,184		21,981		169,329
	At 31 March 2024	42,164		106,935		27,476		176,575


5	Debtors					2025		2024
£							£

	Other debtors					8,510		4,922


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,000		10,000
	Trade creditors					16,017		16,383
	Taxation and social security costs					48,391		55,167
	Other creditors					7,300		6,000
						81,708		87,550


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					9,167		19,167


8	Related party transactions					2025		2024
	Directors' Loan Account					£	£
	The director is a related party to the company
	At 31st March, the company owed the related party the
	following short term, unsecured loans:

	Amount due to/(from) the related parties					(6,509)		(4,922)

9	Controlling party

	The ultimate controlling parties are Mr A Sykes and Mrs G Sykes by virtue of a controlling interest of 100% of the issued share capital.


10	Other information

	Sykes Fish & Chips Limited is a private company limited by shares and incorporated in England. Its registered office is:
	89 Chorley Road
	Swinton
	Manchester
	M27 4AA