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REGISTERED NUMBER: 01545562 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

DOCKSIDE LIMITED

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Statement of Financial Position 9

Statement of Changes in Equity 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 14


DOCKSIDE LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: Mr P S Wilson
Mr S P Wilson
Mrs T M Hart





SECRETARY: Mrs Y M Wilson





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 01545562 (England and Wales)





AUDITORS: Jones Harris Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

STRATEGIC REPORT
for the year ended 29 February 2024

The directors present their strategic report for the year ended 29 February 2024.

REVIEW OF BUSINESS
The results and financial situation for the year are considered strong by the directors.

We entered the new financial year with interest rates at 3.5%. They steadily grew to 5.25% in August 2023.

The business has seen a lower turnover compared to the previous year. Turnover has decreased from over £15m the previous year to £13m this year, this is due to a couple of long term contracts coming to an end. These have been replaced for the upcoming year and we hope to take our turnover above £15m for the year to 28 February 2025.

The company continues to monitor all factors that could impact the company in order to take prompt mitigating actions if necessary.

The key financial and other performance indicators during the year were as follows:



2024

2023

Change

£'000 £'000 %
Turnover 13,206 15,096 (12.5 )
Operating profit 262 194 35.1
Net current assets 2,516 2,535 (0.75 )


PRINCIPAL RISKS AND UNCERTAINTIES
Foreign Exchange

The business procures the majority of its supply in USD. 2022 was very volatile for USD, the most volatile since Brexit. Learning from this, we protected our margin during 2023 by securing forward time options for our contracted business.

Raw Material

It is paramount we have continued supply for our customers. Availability of certain species can be volatile. The management carefully manages this risk by using trusted suppliers that the business has worked with for many years.

FUTURE DEVELOPMENTS
The directors consider that the forthcoming financial year will be a stable year in which costs will be reviewed with a view to increasing the profit margin. The company will also be looking to improve efficiencies where possible.

ON BEHALF OF THE BOARD:





Mr P S Wilson - Director


12 August 2024

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

REPORT OF THE DIRECTORS
for the year ended 29 February 2024

The directors present their report with the financial statements of the company for the year ended 29 February 2024.

DIVIDENDS
An interim dividend of £10 per share was paid on 29 February 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 29 February 2024 will be £ 1,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report.

Mr P S Wilson
Mr S P Wilson
Mrs T M Hart

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mr P S Wilson - Director


12 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DOCKSIDE LIMITED

Opinion
We have audited the financial statements of Dockside Limited (the 'company') for the year ended 29 February 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 29 February 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DOCKSIDE LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

1) Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud. This includes legislation that affects the running of the company such as the Companies Act 2006 and current payroll and employment legislation, as well as industry specific legislation such as environmental, health and trading standards laws.
2) Evaluation and testing of the operating effectiveness of the management's controls designed to prevent and detect irregularities.
3) Review key correspondence with regulatory authorities in relation to compliance with relevant regulations.
4) Challenging assumptions and judgments made by the management in their significant accounting estimates.
5) Identifying and testing journal entries, in particular those posted with unusual account combinations.
6) Looking for evidence of management override of controls. Along with the review of journals detailed above, this would include reviewing monthly control accounts and looking for evidence of departures from accounting procedures that are in place.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DOCKSIDE LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




James Schofield ACA (Senior Statutory Auditor)
for and on behalf of Jones Harris Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

12 August 2024

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

INCOME STATEMENT
for the year ended 29 February 2024

2024 2023
Notes £    £   

TURNOVER 13,205,523 15,096,002

Cost of sales 11,704,432 13,750,283
GROSS PROFIT 1,501,091 1,345,719

Administrative expenses 1,576,470 1,537,059
(75,379 ) (191,340 )

Other operating income 337,169 385,533
OPERATING PROFIT 4 261,790 194,193

Interest receivable and similar income 8 4,216
261,798 198,409

Interest payable and similar expenses 5 139,923 96,421
PROFIT BEFORE TAXATION 121,875 101,988

Tax on profit 6 22,167 16,263
PROFIT FOR THE FINANCIAL YEAR 99,708 85,725

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

OTHER COMPREHENSIVE INCOME
for the year ended 29 February 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 99,708 85,725


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

99,708

85,725

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 1,058,483 884,787

CURRENT ASSETS
Stocks 9 2,501,810 2,754,939
Debtors 10 3,835,793 3,403,275
Cash at bank and in hand 199,639 53,213
6,537,242 6,211,427
CREDITORS
Amounts falling due within one year 11 (4,021,327 ) (3,676,636 )
NET CURRENT ASSETS 2,515,915 2,534,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,574,398

3,419,578

CREDITORS
Amounts falling due after more than one
year

12

(156,559

)

(125,703

)

PROVISIONS FOR LIABILITIES 16 (73,274 ) (48,018 )
NET ASSETS 3,344,565 3,245,857

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 18 3,344,465 3,245,757
SHAREHOLDERS' FUNDS 3,344,565 3,245,857

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr P S Wilson - Director


DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

STATEMENT OF CHANGES IN EQUITY
for the year ended 29 February 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 March 2022 100 3,162,032 3,162,132

Changes in equity
Dividends - (2,000 ) (2,000 )
Total comprehensive income - 85,725 85,725
Balance at 28 February 2023 100 3,245,757 3,245,857

Changes in equity
Dividends - (1,000 ) (1,000 )
Total comprehensive income - 99,708 99,708
Balance at 29 February 2024 100 3,344,465 3,344,565

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

STATEMENT OF CASH FLOWS
for the year ended 29 February 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 812,210 187,500
Interest paid (25,176 ) (22,416 )
Interest element of hire purchase payments
paid

(4,667

)

-
Finance costs paid (110,080 ) (74,005 )
Tax paid (20,438 ) (45,742 )
Net cash from operating activities 651,849 45,337

Cash flows from investing activities
Purchase of tangible fixed assets (130,660 ) (53,503 )
Interest received 8 4,216
Net cash from investing activities (130,652 ) (49,287 )

Cash flows from financing activities
Loan repayments in year 166,951 -
Capital repayments in year (16,181 ) -
Amount introduced by directors 1,001 2,000
Amount withdrawn by directors (44,046 ) (45,034 )
Movement on intercompany loans (481,496 ) -
Equity dividends paid (1,000 ) (2,000 )
Net cash from financing activities (374,771 ) (45,034 )

Increase/(decrease) in cash and cash equivalents 146,426 (48,984 )
Cash and cash equivalents at beginning of
year

2

53,213

102,197

Cash and cash equivalents at end of year 2 199,639 53,213

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE STATEMENT OF CASH FLOWS
for the year ended 29 February 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2024 2023
£    £   
Profit before taxation 121,875 101,988
Depreciation charges 79,001 52,115
Government grants (2,259 ) (2,259 )
Finance costs 139,923 96,421
Finance income (8 ) (4,216 )
338,532 244,049
Decrease/(increase) in stocks 253,129 (297,738 )
Increase in trade and other debtors (279,577 ) (172,756 )
Increase in trade and other creditors 500,126 413,945
Cash generated from operations 812,210 187,500

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 29 February 2024
29/2/24 1/3/23
£    £   
Cash and cash equivalents 199,639 53,213
Year ended 28 February 2023
28/2/23 1/3/22
£    £   
Cash and cash equivalents 53,213 102,197


DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE STATEMENT OF CASH FLOWS
for the year ended 29 February 2024

3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1/3/23 Cash flow changes At 29/2/24
£    £    £    £   
Net cash
Cash at bank
and in hand 53,213 146,426 199,639
53,213 146,426 199,639
Debt
Finance leases - 16,181 (122,036 ) (105,855 )
Debts falling due
within 1 year (166,951 ) 116,951 - (50,000 )
Debts falling due
after 1 year (116,667 ) 50,000 - (66,667 )
(283,618 ) 183,132 (122,036 ) (222,522 )
Total (230,405 ) 329,558 (122,036 ) (22,883 )

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Dockside 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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.
Freehold property - not provided
Plant and machinery - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Contrary to the requirements of the FRS 102, the company does not provide for depreciation on freehold buildings. In the opinion of the directors the residual value of the property is so high and its useful life so long that any depreciation charged would be wholly immaterial.

Stocks
Stocks of fish, packaging and other consumables are valued at the lower of actual cost and net realisable value, after making due allowance for slow moving and damaged 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

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.

Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments. Grants of a revenue nature are credited to income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 972,419 931,789
Social security costs 82,225 81,745
Other pension costs 24,156 22,842
1,078,800 1,036,376

The average number of employees during the year was as follows:
2024 2023

Production staff 27 27
Office and management 11 10
Sales 1 1
39 38

2024 2023
£    £   
Directors' remuneration 94,120 104,120
Directors' pension contributions to money purchase schemes 8,184 7,096

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Other operating leases 6,499 6,499
Depreciation - owned assets 53,470 52,115
Depreciation - assets on hire purchase contracts 25,530 -
Auditors' remuneration 9,500 6,000
Foreign exchange differences 3,105 28,294

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 10,087 12,046
Other interest 15,089 10,370
Hire purchase 4,667 -
Invoice discounting charges 110,080 74,005
139,923 96,421

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax (3,089 ) 20,438

Deferred tax:
Change in timing differences 25,256 (4,175 )
Tax on profit 22,167 16,263

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 121,875 101,988
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2023 - 19%)

23,156

19,378

Effects of:
Income not taxable for tax purposes 185 266
Capital allowances in excess of depreciation (26,430 ) -
Depreciation in excess of capital allowances - 794
Deferred tax 25,256 (4,175 )
Total tax charge 22,167 16,263

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 1,000 2,000

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

8. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 628,346 630,160 27,800 73,836 1,360,142
Additions 6,180 12,436 227,251 6,829 252,696
At 29 February 2024 634,526 642,596 255,051 80,665 1,612,838
DEPRECIATION
At 1 March 2023 - 400,905 10,930 63,520 475,355
Charge for year - 41,170 31,054 6,776 79,000
At 29 February 2024 - 442,075 41,984 70,296 554,355
NET BOOK VALUE
At 29 February 2024 634,526 200,521 213,067 10,369 1,058,483
At 28 February 2023 628,346 229,255 16,870 10,316 884,787

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 127,651
At 29 February 2024 127,651
DEPRECIATION
Charge for year 25,530
At 29 February 2024 25,530
NET BOOK VALUE
At 29 February 2024 102,121

9. STOCKS
2024 2023
£    £   
Raw materials 2,425,179 2,683,166
Finished goods 76,631 71,773
2,501,810 2,754,939

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,137,047 2,598,545
Other debtors 632,695 637,673
Tax 3,089 -
VAT 14,286 29,675
Prepayments 48,676 137,382
3,835,793 3,403,275

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13) 50,000 166,951
Hire purchase contracts (see note 14) 22,740 -
Trade creditors 479,413 976,940
Tax - 20,438
Social security and other taxes 12,831 12,506
Other creditors 3,136,710 2,280,941
Directors' current accounts 94,593 137,638
Accruals and deferred income 225,040 81,222
4,021,327 3,676,636

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 13) 66,667 116,667
Hire purchase contracts (see note 14) 83,115 -
Grant received 6,777 9,036
156,559 125,703

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loan 50,000 166,951

Amounts falling due between one and two years:
Bank loan 50,000 45,833

Amounts falling due between two and five years:
Bank loan 2 - 5 years 16,667 70,834

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

14. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 22,740 -
Between one and five years 83,115 -
105,855 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,499 6,499
Between one and five years 2,225 8,665
8,724 15,164

15. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 116,667 283,618

The bank loan is secured on the assets of the company.

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Capital allowances in excess of depreciation 73,274 48,018

Deferred
tax
£   
Balance at 1 March 2023 48,018
Provided during year 25,256
Balance at 29 February 2024 73,274

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

DOCKSIDE LIMITED (REGISTERED NUMBER: 01545562)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

18. RESERVES
Retained
earnings
£   

At 1 March 2023 3,245,757
Profit for the year 99,708
Dividends (1,000 )
At 29 February 2024 3,344,465

19. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
2024 2023
£    £   
Amount due to related party 93,592 135,639

Other related parties
2024 2023
£    £   
Sales 1,045,120 1,755,638
Purchases 796,772 1,026,484
Transfers 370 220,000
Amount due from related party 832,036 707,992
Amount due to related party 1,003,834 531,425