IRIS Accounts Production v24.1.0.578 06796732 director 1.2.23 30.9.23 30.9.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067967322023-01-31067967322023-09-30067967322023-02-012023-09-30067967322022-01-31067967322022-02-012023-01-31067967322023-01-3106796732ns15:EnglandWales2023-02-012023-09-3006796732ns14:PoundSterling2023-02-012023-09-3006796732ns10:Director12023-02-012023-09-3006796732ns10:PrivateLimitedCompanyLtd2023-02-012023-09-3006796732ns10:SmallEntities2023-02-012023-09-3006796732ns10:AuditExempt-NoAccountantsReport2023-02-012023-09-3006796732ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012023-09-3006796732ns10:SmallCompaniesRegimeForAccounts2023-02-012023-09-3006796732ns10:FullAccounts2023-02-012023-09-3006796732ns10:OrdinaryShareClass12023-02-012023-09-3006796732ns5:CurrentFinancialInstruments2023-09-3006796732ns5:CurrentFinancialInstruments2023-01-3106796732ns5:Non-currentFinancialInstruments2023-09-3006796732ns5:Non-currentFinancialInstruments2023-01-3106796732ns5:ShareCapital2023-09-3006796732ns5:ShareCapital2023-01-3106796732ns5:RetainedEarningsAccumulatedLosses2023-09-3006796732ns5:RetainedEarningsAccumulatedLosses2023-01-3106796732ns5:PlantMachinery2023-02-012023-09-3006796732ns5:FurnitureFittings2023-02-012023-09-3006796732ns5:MotorVehicles2023-02-012023-09-3006796732ns5:ComputerEquipment2023-02-012023-09-3006796732ns5:PlantMachinery2023-01-3106796732ns5:FurnitureFittings2023-01-3106796732ns5:MotorVehicles2023-01-3106796732ns5:ComputerEquipment2023-01-3106796732ns5:PlantMachinery2023-09-3006796732ns5:FurnitureFittings2023-09-3006796732ns5:MotorVehicles2023-09-3006796732ns5:ComputerEquipment2023-09-3006796732ns5:PlantMachinery2023-01-3106796732ns5:FurnitureFittings2023-01-3106796732ns5:MotorVehicles2023-01-3106796732ns5:ComputerEquipment2023-01-3106796732ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3106796732ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012023-09-3006796732ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3006796732ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3106796732ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3006796732ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3106796732ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3006796732ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3106796732ns5:Secured2023-09-3006796732ns5:Secured2023-01-3106796732ns5:DeferredTaxation2023-01-3106796732ns5:DeferredTaxation2023-02-012023-09-3006796732ns5:DeferredTaxation2023-09-3006796732ns10:OrdinaryShareClass12023-09-30067967321ns10:Director12023-01-31067967321ns10:Director12022-01-31067967321ns10:Director12023-02-012023-09-30067967321ns10:Director12022-02-012023-01-31067967321ns10:Director12023-09-30067967321ns10:Director12023-01-31
REGISTERED NUMBER: 06796732 (England and Wales)











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 4 169,146 172,731

Current assets
Stocks 11,000 5,000
Debtors 5 121,959 122,879
Cash at bank and in hand 101,469 90,510
234,428 218,389
Creditors
Amounts falling due within one year 6 261,920 216,700
Net current (liabilities)/assets (27,492 ) 1,689
Total assets less current liabilities 141,654 174,420

Creditors
Amounts falling due after more than one year 7 (98,837 ) (141,486 )

Provisions for liabilities 9 (42,287 ) (32,745 )
Net assets 530 189

Capital and reserves
Called up share capital 10 100 100
Retained earnings 430 89
Shareholders' funds 530 189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

SHELLSEEKERS FISH & GAME LIMITED (REGISTERED NUMBER: 06796732)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Mr D S Brown - Director


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
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 represents income receivable from the sale of fish and game, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 8 (2023 - 5 ) .

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 130,000 169,621 48,190 2,921 350,732
Additions 6,621 8,107 56,990 504 72,222
Disposals (61,043 ) (17,404 ) (16,990 ) - (95,437 )
Reclassification/transfer 120,459 (120,459 ) - - -
At 30 September 2023 196,037 39,865 88,190 3,425 327,517
Depreciation
At 1 February 2023 81,633 60,055 33,880 2,433 178,001
Charge for period 13,473 2,544 11,581 221 27,819
Eliminated on disposal (19,696 ) (12,578 ) (15,175 ) - (47,449 )
Reclassification/transfer 33,055 (33,055 ) - - -
At 30 September 2023 108,465 16,966 30,286 2,654 158,371
Net book value
At 30 September 2023 87,572 22,899 57,904 771 169,146
At 31 January 2023 48,367 109,566 14,310 488 172,731

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 February 2023 18,500
Additions 30,000
At 30 September 2023 48,500
Depreciation
At 1 February 2023 10,695
Charge for period 6,301
At 30 September 2023 16,996
Net book value
At 30 September 2023 31,504
At 31 January 2023 7,805

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 19,044 -
Amounts owed by group undertakings 70,006 82,498
Other debtors 7,000 7,800
Tax 13,386 13,386
VAT 5,453 15,992
Prepayments and accrued income 7,070 3,203
121,959 122,879

6. Creditors: amounts falling due within one year
2023 2023
£    £   
Bank loans and overdrafts 75,648 62,850
Hire purchase contracts 7,573 3,330
Trade creditors 75,233 117,614
Amounts owed to group undertakings 46,794 -
Tax 44,126 17,375
Social security and other taxes 3,542 10,541
Other creditors 7,154 4,990
Accruals and deferred income 1,850 -
261,920 216,700

7. Creditors: amounts falling due after more than one year
2023 2023
£    £   
Bank loans - 1-5 years 75,957 136,919
Hire purchase contracts 22,880 4,567
98,837 141,486

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
107,294 107,657

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 32,745
Charge to Income statement during period 9,542
Balance at 30 September 2023 42,287

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
100 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
£    £   
Mr D S Brown
Balance outstanding at start of period - 41,188
Amounts repaid - (41,188 )
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.