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
Wildwaters Seafood Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
156,448
1,039
Inventories
404,454
193,251
Cash at bank and in hand
496,398
359,876
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
Net assets
540,014
309,040
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
Wildwaters Seafood Ltd
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 1 January 2022
-
208
208
Charge for the year
175
416
591
At 31 December 2022
175
624
799
At 31 December 2022
155,825
623
156,448
At 31 December 2021
-
1,039
1,039
Wildwaters Seafood Ltd
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Other debtors
114,796
57,658
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
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).