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REGISTERED NUMBER: 04957436 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

West Quay Fisheries Limited

West Quay Fisheries Limited (Registered number: 04957436)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


West Quay Fisheries Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: I Bickerstaff





REGISTERED OFFICE: 12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN





REGISTERED NUMBER: 04957436 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

West Quay Fisheries Limited (Registered number: 04957436)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,690 395,242

CURRENT ASSETS
Debtors 5 303,582 300,678
Cash at bank and in hand 855,402 295,710
1,158,984 596,388
CREDITORS
Amounts falling due within one
year

6

165,754

108,139
NET CURRENT ASSETS 993,230 488,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,153,920

883,491

CREDITORS
Amounts falling due after more
than one year

7

(37,580

)

(158,428

)

PROVISIONS FOR LIABILITIES 8 (6,314 ) (7,599 )
NET ASSETS 1,110,026 717,464

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,109,926 717,364
SHAREHOLDERS' FUNDS 1,110,026 717,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

West Quay Fisheries Limited (Registered number: 04957436)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





I Bickerstaff - Director


West Quay Fisheries Limited (Registered number: 04957436)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

West Quay Fisheries 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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

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.

West Quay Fisheries Limited (Registered number: 04957436)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 355,199 78,507 26,140 47,627 507,473
Additions - 903 - - 903
Disposals (227,775 ) - - - (227,775 )
At 28 February 2023 127,424 79,410 26,140 47,627 280,601
DEPRECIATION
At 1 March 2022 - 45,298 24,701 42,232 112,231
Charge for year - 5,117 540 2,023 7,680
At 28 February 2023 - 50,415 25,241 44,255 119,911
NET BOOK VALUE
At 28 February 2023 127,424 28,995 899 3,372 160,690
At 28 February 2022 355,199 33,209 1,439 5,395 395,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 273
Other debtors 4,000 -
Intercompany loans 296,729 296,729
VAT 2,853 3,676
303,582 300,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 8,578
Trade creditors 70,977 72,523
Tax 88,783 18,023
Social security and other taxes 2,441 2,592
Director's current account 3 2,873
Accrued expenses 3,550 3,550
165,754 108,139

West Quay Fisheries Limited (Registered number: 04957436)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years - 9,807
Bank loans - 2-5 years - 22,038
Bounceback loan 37,580 48,333
Bank loans more 5 yr by instal - 78,250
37,580 158,428

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 78,250

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 6,314 7,599

Deferred
tax
£   
Balance at 1 March 2022 7,599
Accelerated capital allowances (1,285 )
Balance at 28 February 2023 6,314

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2022 717,364
Profit for the year 400,162
Dividends (7,600 )
At 28 February 2023 1,109,926

West Quay Fisheries Limited (Registered number: 04957436)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
I Bickerstaff
Balance outstanding at start of year (2,873 ) 7,720
Amounts repaid - (10,593 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4 ) (2,873 )

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,600 were paid to the director .

Included in the financial statements are the following significant transactions and balances with related parties:
28.2.23 28.2.22
£    £   
Bickerstaff Fishing Company Limited; a company controlled
by the director, I Bickerstaff:

Cost of sales 793,789 746,983
Creditors: Amounts falling due within one year 51,504 51,504
Current assets: Debtors 230,818 230,818

Quayside (Newhaven) Limited; a company controlled by the
director, I Bickerstaff:

Current assets: Debtors 19,036 19,036