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Company Registration No. 11855276 (England and Wales)
Wildwaters Seafood Ltd Unaudited accounts for the year ended 31 December 2022
Wildwaters Seafood Ltd Unaudited accounts Contents
Page
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Wildwaters Seafood Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
156,448 
1,039 
Current assets
Inventories
404,454 
193,251 
Debtors
115,518 
351,055 
Cash at bank and in hand
496,398 
359,876 
1,016,370 
904,182 
Creditors: amounts falling due within one year
(560,800)
(556,181)
Net current assets
455,570 
348,001 
Total assets less current liabilities
612,018 
349,040 
Creditors: amounts falling due after more than one year
(32,892)
(40,000)
Provisions for liabilities
Deferred tax
(39,112)
- 
Net assets
540,014 
309,040 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
539,914 
308,940 
Shareholders' funds
540,014 
309,040 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2023 and were signed on its behalf by
Alexander Vassallo Director Company Registration No. 11855276
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Wildwaters Seafood Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Wildwaters Seafood Ltd is a private company, limited by shares, registered in England and Wales, registration number 11855276. The registered office is Anson House, The Fleming Business Centre, Jesmond, Newcastle Upon Tyne, NE2 3AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
- 
1,247 
1,247 
Additions
156,000 
- 
156,000 
At 31 December 2022
156,000 
1,247 
157,247 
Depreciation
At 1 January 2022
- 
208 
208 
Charge for the year
175 
416 
591 
At 31 December 2022
175 
624 
799 
Net book value
At 31 December 2022
155,825 
623 
156,448 
At 31 December 2021
- 
1,039 
1,039 
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Wildwaters Seafood Ltd Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
722 
- 
Trade debtors
- 
293,397 
Other debtors
114,796 
57,658 
115,518 
351,055 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
278,128 
276,301 
Taxes and social security
41,755 
39,063 
Other creditors
228,717 
228,717 
Accruals
2,200 
2,100 
560,800 
556,181 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
32,892 
40,000 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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