REGISTERED NUMBER: |
Shellfish Trading Company Ltd |
Audited Financial Statements |
for the Year Ended 30th April 2023 |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Provisions for liabilities |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Motor vehicles | - |
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 |
Depreciation |
At 1st May 2022 |
Charge for year |
At 30th April 2023 |
Net book value |
At 30th April 2023 |
At 30th April 2022 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
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. |