REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
FOR |
SHELLSEEKERS FISH & GAME LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
FOR |
SHELLSEEKERS FISH & GAME LIMITED |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
Provisions for liabilities | 9 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Retained earnings |
Shareholders' funds |
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. |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
1. | Statutory information |
Shellseekers Fish & Game Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06796732. The registered office and business address is Sikasrest, 1 Lytchett Lane, Bovington, Dorset, BH20 6PA. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents income receivable from the sale of fish and game, net of VAT. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Government grants |
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable. |
Stocks |
Stock and Work In Progress are valued at the lower of cost and net realisable value. |
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 balance sheet date. |
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 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. |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
2. | Accounting policies - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Change in accounting period |
On 15 September 2023, the company changed its accounting reference date to 30 September, in line with the other group companies. As such, the previous period figures are not directly comparable with this period. |
3. | Employees and directors |
The average number of employees during the period was |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
4. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 February 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
Reclassification/transfer | ( |
) |
At 30 September 2023 |
Depreciation |
At 1 February 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
Reclassification/transfer | ( |
) |
At 30 September 2023 |
Net book value |
At 30 September 2023 |
At 31 January 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
Cost |
At 1 February 2023 |
Additions |
At 30 September 2023 |
Depreciation |
At 1 February 2023 |
Charge for period |
At 30 September 2023 |
Net book value |
At 30 September 2023 |
At 31 January 2023 |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
5. | Debtors: amounts falling due within one year |
2023 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Tax |
VAT |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2023 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
7. | Creditors: amounts falling due after more than one year |
2023 | 2023 |
£ | £ |
Bank loans - 1-5 years |
Hire purchase contracts |
8. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2023 |
£ | £ |
Hire purchase contracts | 30,453 | 7,897 |
Iwoca Skye Finance Ltd | 76,841 | 99,760 |
All monies due to, or to become due to, Iwoca Skye Finance Ltd are secured by way of fixed and floating charges, dated 3 November 2020, over the assets of the company. |
Amounts owed under hire purchase are secured against the asset to which they relate. |
SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 SEPTEMBER 2023 |
9. | Provisions for liabilities |
2023 | 2023 |
£ | £ |
Deferred tax | 42,287 | 32,745 |
Deferred |
tax |
£ |
Balance at 1 February 2023 |
Charge to Income statement during period |
Balance at 30 September 2023 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
11. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the period ended 30 September 2023 and the year ended 31 January 2023: |
2023 | 2023 |
£ | £ |
Balance outstanding at start of period |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
12. | Ultimate controlling party |
The Company is under the control of the Director, by virtue of his 100% holding of the issued voting share capital in the ultimate parent company, Shellseekers Fish & Game Holdings Limited. |