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REGISTERED NUMBER: 07451319 (England and Wales)















BURY SEAFOODS LIMITED

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023






BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BURY SEAFOODS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023







DIRECTOR: M P Hayton



REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN



REGISTERED NUMBER: 07451319 (England and Wales)



ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN



BANKERS: The Royal Bank of Scotland plc
Bolton Central Branch
46-48 Deansgate
Bolton
Lancashire
BL1 1BH

BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 265,695
Property, plant and equipment 5 - 27,775
- 293,470

CURRENT ASSETS
Inventories - 10,000
Debtors 6 180,914 14,823
Cash at bank and in hand 1,013,877 887,276
1,194,791 912,099
CREDITORS
Amounts falling due within one year 7 (40,405 ) (69,541 )
NET CURRENT ASSETS 1,154,386 842,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,154,386

1,136,028

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,154,385 1,136,027
SHAREHOLDERS' FUNDS 1,154,386 1,136,028

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

STATEMENT OF FINANCIAL POSITION - 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:





M P Hayton - Director


BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Bury Seafoods Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 07451319 and the registered office address is The Exchange, 5 Bank Street, Bury, Lancashire, BL9 0DN.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgement in calculating an appropriate depreciation charge.

Revenue
Revenue represents the aggregate of the fair value of the sales of goods, net of value added tax.

Revenue from the sales of goods is recognised when the business has delivered products to customers, the customer has accepted the products and collection of the related receivables is anticipated.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2013 and 2015, are being amortised evenly over their useful lives of twenty years.

Property, plant and equipment
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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items. Cost represents the latest invoiced price of goods purchased.

BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and 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 income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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 the income statement in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2021 - 8 ) .

BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021 434,121
Disposals (434,121 )
At 28 February 2023 -
AMORTISATION
At 1 December 2021 168,426
Charge for period 21,705
Eliminated on disposal (190,131 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 30 November 2021 265,695

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2021 56,012
Disposals (56,012 )
At 28 February 2023 -
DEPRECIATION
At 1 December 2021 28,237
Charge for period 6,095
Eliminated on disposal (34,332 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 30 November 2021 27,775

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 7,707 10,158
Other debtors 173,207 4,665
180,914 14,823

BURY SEAFOODS LIMITED (REGISTERED NUMBER: 07451319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade creditors 8,865 16,987
Taxation and social security 31,277 44,039
Other creditors 263 8,515
40,405 69,541

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2021
£    £   
Within one year - 52,919
Between one and five years - 52,919
- 105,838