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REGISTERED NUMBER: 03646661 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

SEAFRESH SEAFOODS LIMITED

SEAFRESH SEAFOODS LIMITED (REGISTERED NUMBER: 03646661)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAFRESH SEAFOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: A Spicer





SECRETARY: Mrs H Spicer





REGISTERED OFFICE: 9a & 10a Saxon Square
Christchurch
Dorset
BH23 1QA





REGISTERED NUMBER: 03646661 (England and Wales)





ACCOUNTANTS: Chorus Accounting Limited
9a & 10a Saxon Square
Christchurch
Dorset
BH23 1QA

SEAFRESH SEAFOODS LIMITED (REGISTERED NUMBER: 03646661)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,434,042 1,445,622
Investments 6 - 66,864
1,434,043 1,512,487

CURRENT ASSETS
Stocks 37,856 40,243
Debtors 7 1,837,773 1,692,645
Cash at bank and in hand 765,916 797,454
2,641,545 2,530,342
CREDITORS
Amounts falling due within one year 8 (993,946 ) (989,429 )
NET CURRENT ASSETS 1,647,599 1,540,913
TOTAL ASSETS LESS CURRENT LIABILITIES 3,081,642 3,053,400

PROVISIONS FOR LIABILITIES (22,639 ) (10,452 )
NET ASSETS 3,059,003 3,042,948

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,059,001 3,042,946
SHAREHOLDERS' FUNDS 3,059,003 3,042,948

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 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.

SEAFRESH SEAFOODS LIMITED (REGISTERED NUMBER: 03646661)

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.

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 16 November 2023 and were signed by:





A Spicer - Director


SEAFRESH SEAFOODS LIMITED (REGISTERED NUMBER: 03646661)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Seafresh Seafoods 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

SEAFRESH SEAFOODS LIMITED (REGISTERED NUMBER: 03646661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 250,000
AMORTISATION
At 1 May 2022
and 30 April 2023 249,999
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 1,307,683 210,420 44,352 327,361 1,889,816
Additions - - - 55,084 55,084
At 30 April 2023 1,307,683 210,420 44,352 382,445 1,944,900
DEPRECIATION
At 1 May 2022 - 190,851 41,535 211,808 444,194
Charge for year - 4,608 2,810 59,246 66,664
At 30 April 2023 - 195,459 44,345 271,054 510,858
NET BOOK VALUE
At 30 April 2023 1,307,683 14,961 7 111,391 1,434,042
At 30 April 2022 1,307,683 19,569 2,817 115,553 1,445,622

SEAFRESH SEAFOODS LIMITED (REGISTERED NUMBER: 03646661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022 66,864
Disposals (66,864 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 66,864

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 498,680 540,721
Other debtors 1,339,093 1,151,924
1,837,773 1,692,645

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 812,152 838,339
Taxation and social security 156,643 127,392
Other creditors 25,151 23,698
993,946 989,429

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Spicer.