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REGISTERED NUMBER: 04808642 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

CROZIER FISHERIES LIMITED

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROZIER FISHERIES LIMITED

COMPANY INFORMATION
For The Year Ended 31st May 2023







DIRECTORS: C Bainbridge
B Bainbridge





SECRETARY: B Bainbridge





REGISTERED OFFICE: 8 Crozier Street
Sunderland
Tyne and Wear
SR5 1JF





REGISTERED NUMBER: 04808642 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
22 Foyle Street
Sunderland
Tyne and Wear
SR1 1LE

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 15,000
Tangible assets 5 75,741 99,282
83,241 114,282

CURRENT ASSETS
Stocks 7,695 12,965
Debtors 6 5,935 5,816
Cash at bank and in hand 67,670 51,763
81,300 70,544
CREDITORS
Amounts falling due within one year 7 121,470 160,812
NET CURRENT LIABILITIES (40,170 ) (90,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,071

24,014

PROVISIONS FOR LIABILITIES 14,391 18,864
NET ASSETS 28,680 5,150

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 28,580 5,050
SHAREHOLDERS' FUNDS 28,680 5,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

BALANCE SHEET - continued
31st May 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 Board of Directors and authorised for issue on 14th February 2024 and were signed on its behalf by:





C Bainbridge - Director


CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

Crozier 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue from the sale of goods is recognised as income on receipt of cash or card payment. Revenue is measured net of discounts, promotions and value added tax.

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 twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st May 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 150,000
AMORTISATION
At 1st June 2022 135,000
Amortisation for year 7,500
At 31st May 2023 142,500
NET BOOK VALUE
At 31st May 2023 7,500
At 31st May 2022 15,000

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st May 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2022 120,129 38,953 2,354 161,436
Additions 733 - 800 1,533
At 31st May 2023 120,862 38,953 3,154 162,969
DEPRECIATION
At 1st June 2022 55,665 4,869 1,620 62,154
Charge for year 16,223 8,521 330 25,074
At 31st May 2023 71,888 13,390 1,950 87,228
NET BOOK VALUE
At 31st May 2023 48,974 25,563 1,204 75,741
At 31st May 2022 64,464 34,084 734 99,282

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 5,935 5,816

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20 -
Tax 8,380 -
VAT 7,848 5,861
Other creditors (5 ) -
Directors' current accounts 100,486 153,141
Accrued expenses 4,741 1,810
121,470 160,812

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100