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REGISTERED NUMBER: 08180703 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Lowestoft Shellfish Company Limited

Lowestoft Shellfish Company Limited (Registered number: 08180703)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Lowestoft Shellfish Company Limited (Registered number: 08180703)

Abridged Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 333,201 285,001
Tangible assets 5 153,069 128,807
486,270 413,808

CURRENT ASSETS
Stocks 168,184 130,156
Debtors 285,859 197,163
Cash at bank and in hand 308,023 374,790
762,066 702,109
CREDITORS
Amounts falling due within one year 272,130 263,776
NET CURRENT ASSETS 489,936 438,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,206

852,141

PROVISIONS FOR LIABILITIES 22,967 -
NET ASSETS 953,239 852,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 953,139 852,041
SHAREHOLDERS' FUNDS 953,239 852,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lowestoft Shellfish Company Limited (Registered number: 08180703)

Abridged Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mr P J Collins - Director


Lowestoft Shellfish Company Limited (Registered number: 08180703)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Lowestoft Shellfish Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08180703

Registered office: Unit B, 10 Cooke Road
South Lowestoft Industrial Estate
Lowestoft
Suffolk
NR33 7NA

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Lowestoft Shellfish Company Limited (Registered number: 08180703)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 517,001
Additions 80,000
At 30 April 2023 597,001
AMORTISATION
At 1 May 2022 232,000
Amortisation for year 31,800
At 30 April 2023 263,800
NET BOOK VALUE

At 30 April 2023 333,201
At 30 April 2022 285,001

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 256,491
Additions 49,348
At 30 April 2023 305,839
DEPRECIATION
At 1 May 2022 127,684
Charge for year 25,086
At 30 April 2023 152,770
NET BOOK VALUE
At 30 April 2023 153,069
At 30 April 2022 128,807