Micky's Chippy Limited Filleted accounts for Companies House (small and micro)

Micky's Chippy Limited Filleted accounts for Companies House (small and micro)

MICKY'S CHIPPY LIMITED - Company Information

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3 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 75,000 75,000 4,145 3,831 47 3,878 267 314 xbrli:pure xbrli:shares iso4217:GBP 05303768 2022-02-01 2023-01-31 05303768 2023-01-31 05303768 2022-01-31 05303768 2021-02-01 2022-01-31 05303768 2022-01-31 05303768 core:FurnitureFittings 2022-02-01 2023-01-31 05303768 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 05303768 bus:Director1 2022-02-01 2023-01-31 05303768 bus:Director2 2022-02-01 2023-01-31 05303768 core:NetGoodwill 2023-01-31 05303768 core:FurnitureFittings 2022-01-31 05303768 core:FurnitureFittings 2023-01-31 05303768 core:WithinOneYear 2023-01-31 05303768 core:WithinOneYear 2022-01-31 05303768 core:ShareCapital 2023-01-31 05303768 core:ShareCapital 2022-01-31 05303768 core:RetainedEarningsAccumulatedLosses 2023-01-31 05303768 core:RetainedEarningsAccumulatedLosses 2022-01-31 05303768 core:AfterOneYear 2023-01-31 05303768 core:AfterOneYear 2022-01-31 05303768 core:FurnitureFittings 2022-01-31 05303768 bus:SmallEntities 2022-02-01 2023-01-31 05303768 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 05303768 bus:FullAccounts 2022-02-01 2023-01-31 05303768 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 05303768 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05303768 bus:OrdinaryShareClass1 2023-01-31 05303768 bus:OrdinaryShareClass1 2022-01-31
COMPANY REGISTRATION NUMBER: 05303768
Micky's Chippy Limited
Filleted Unaudited Financial Statements
31 January 2023
Micky's Chippy Limited
Financial Statements
Year ended 31 January 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Micky's Chippy Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
267
314
Current assets
Stocks
1,650
1,440
Debtors
7
2,685
2,256
Cash at bank and in hand
17,944
18,351
--------
--------
22,279
22,047
Creditors: amounts falling due within one year
8
55,928
54,370
--------
--------
Net current liabilities
33,649
32,323
--------
--------
Total assets less current liabilities
( 33,382)
( 32,009)
--------
--------
Net liabilities
( 33,382)
( 32,009)
--------
--------
Micky's Chippy Limited
Statement of Financial Position (continued)
31 January 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
( 33,482)
( 32,109)
--------
--------
Shareholders deficit
( 33,382)
( 32,009)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
C W Yip O P Yip
Director Director
Company registration number: 05303768
Micky's Chippy Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The place of business is 86 Beoley Road, Redditch, Worcestershire, B98 8LX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The directors of the company will continue to provide financial support, in view of this, the directors consider it appropriate to prepare financial statements on the going concern basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents sales of goods and is recognised when goods are physically supplied to the customer.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price after making due allowance for obsolete and slow moving items.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2022 and 31 January 2023
75,000
--------
Amortisation
At 1 February 2022 and 31 January 2023
75,000
--------
Carrying amount
At 31 January 2023
–
--------
At 31 January 2022
–
--------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 February 2022 and 31 January 2023
4,145
4,145
-------
-------
Depreciation
At 1 February 2022
3,831
3,831
Charge for the year
47
47
-------
-------
At 31 January 2023
3,878
3,878
-------
-------
Carrying amount
At 31 January 2023
267
267
-------
-------
At 31 January 2022
314
314
-------
-------
7. Debtors
2023
2022
£
£
Other debtors
2,685
2,256
-------
-------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
386
63
----
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
139
251
Social security and other taxes
410
105
Other creditors
55,379
54,014
--------
--------
55,928
54,370
--------
--------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----