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REGISTERED NUMBER: SC668695 (Scotland)











































Shellfish Trading Company Ltd

Audited Financial Statements

for the Year Ended 30th April 2023






Shellfish Trading Company Ltd (Registered number: SC668695)






Contents of the Financial Statements
for the year ended 30th April 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Shellfish Trading Company Ltd

Company Information
for the year ended 30th April 2023







Directors: J C Cook
Mrs S A Wilson
P J Virtue





Secretary: R Mark





Registered office: Unit 1
Coldingham Road Industrial Estate
Eyemouth
Berwickshire
TD14 5AN





Registered number: SC668695 (Scotland)





Auditors: Rennie Welch Audit Limited
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Shellfish Trading Company Ltd (Registered number: SC668695)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 19,200 24,000

Current assets
Debtors 5 1,845 92
Cash at bank 4,106 3,879
5,951 3,971
Creditors
Amounts falling due within one year 6 45,590 37,616
Net current liabilities (39,639 ) (33,645 )
Total assets less current liabilities (20,439 ) (9,645 )

Provisions for liabilities 3,648 4,560
Net liabilities (24,087 ) (14,205 )

Capital and reserves
Called up share capital 100 100
Retained earnings (24,187 ) (14,305 )
Shareholders' funds (24,087 ) (14,205 )

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:





Mrs S A Wilson - Director


Shellfish Trading Company Ltd (Registered number: SC668695)

Notes to the Financial Statements
for the year ended 30th April 2023

1. Statutory information

Shellfish Trading Company Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals and current accounts with related parties.

Trade creditors, accruals and current accounts with related parties are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Shellfish Trading Company Ltd (Registered number: SC668695)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

2. Accounting policies - continued

Going concern
The company has a deficit on the balance sheet. and made a loss in the year. However, the majority of the long term funding for the company is secured from the contribution by the parent company of the group through a related party current account. The parent company has made a commitment not to seek repayment of this facility within the short term. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1st May 2022
and 30th April 2023 30,000
Depreciation
At 1st May 2022 6,000
Charge for year 4,800
At 30th April 2023 10,800
Net book value
At 30th April 2023 19,200
At 30th April 2022 24,000

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 1,845 92

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 17 16
Amounts owed to group undertakings 42,973 35,000
Other creditors 2,600 2,600
45,590 37,616

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Gillian Adamson BSC (Hons) CA CTA (Senior Statutory Auditor)
for and on behalf of Rennie Welch Audit Limited

Shellfish Trading Company Ltd (Registered number: SC668695)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

8. Name of parent company

These financial statements are consolidated in the financial statements of D. R. Collin & Son Ltd. The registered office of D. R. Collin & Son Ltd is Unit 1, Coldingham Road Industrial Estate, Eyemouth, Berwickshire, TD14 5AN.