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REGISTERED NUMBER: 09560839 (England and Wales)

















Crazy Cat Shellfish Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






Crazy Cat Shellfish Limited (Registered number: 09560839)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crazy Cat Shellfish Limited

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: Mr J M White





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 09560839 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Crazy Cat Shellfish Limited (Registered number: 09560839)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363,062 186,750

CURRENT ASSETS
Debtors 5 37,287 27,130
Cash at bank 51,208 25,931
88,495 53,061
CREDITORS
Amounts falling due within one year 6 76,193 55,979
NET CURRENT ASSETS/(LIABILITIES) 12,302 (2,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,364

183,832

CREDITORS
Amounts falling due after more than one
year

7

(372,160

)

(161,822

)

PROVISIONS FOR LIABILITIES (12,993 ) (16,026 )
NET (LIABILITIES)/ASSETS (9,789 ) 5,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,889 ) 5,884
SHAREHOLDERS' FUNDS (9,789 ) 5,984

Crazy Cat Shellfish Limited (Registered number: 09560839)

BALANCE SHEET - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





Mr J M White - Director


Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Crazy Cat Shellfish 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost less residual value
Boat - 10% on reducing balance

No depreciation is provided on Freehold Property.

Government grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as income in the profit and loss account in the period they are receivable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Boat Totals
£    £    £    £    £   
COST
At 1 August 2022 15,411 176,224 31,787 100,000 323,422
Additions - 22,076 17,695 274,126 313,897
Disposals - - (8,592 ) (100,000 ) (108,592 )
At 31 July 2023 15,411 198,300 40,890 274,126 528,727
DEPRECIATION
At 1 August 2022 - 92,766 16,806 27,100 136,672
Charge for year - 26,384 7,263 27,413 61,060
Eliminated on disposal - - (4,967 ) (27,100 ) (32,067 )
At 31 July 2023 - 119,150 19,102 27,413 165,665
NET BOOK VALUE
At 31 July 2023 15,411 79,150 21,788 246,713 363,062
At 31 July 2022 15,411 83,458 14,981 72,900 186,750

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 31,787
Additions 17,695
Disposals (8,592 )
Transfer to ownership (5,200 )
At 31 July 2023 35,690
DEPRECIATION
At 1 August 2022 16,806
Charge for year 6,954
Eliminated on disposal (4,967 )
Transfer to ownership (3,966 )
At 31 July 2023 14,827
NET BOOK VALUE
At 31 July 2023 20,863
At 31 July 2022 14,981

Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,808 16,456
Other debtors 5,958 4,932
Directors' current accounts 3,224 -
VAT 3,878 4,425
Prepayments 7,419 1,317
37,287 27,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,699 34,687
Hire purchase contracts 6,708 6,776
Trade creditors 14,910 8,242
Tax 1,088 -
Credit card 1,191 1,319
Directors' current accounts - 85
Accruals 7,597 4,870
76,193 55,979

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 45,591 31,538
Bank loans - 2-5 years 134,478 83,709
Bank loans more 5 yr by instal 175,818 35,399
Hire purchase contracts 16,273 11,176
372,160 161,822

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 175,818 35,399

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 400,586 185,333

The loans are secured on the assets of the company.

Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr J M White
Balance outstanding at start of year - 11,615
Amounts advanced 3,224 -
Amounts repaid - (11,615 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,224 -

10. GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £9,789. The applicability of going concern is dependent on upon the continued support of the creditors. There are no indications that this support will cease.