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REGISTERED NUMBER: 14434525 (England and Wales)















Financial Statements for the Period 21 October 2022 to 31 October 2023

for

Seafood 21 Limited

Seafood 21 Limited (Registered number: 14434525)

Contents of the Financial Statements
for the Period 21 October 2022 to 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seafood 21 Limited

Company Information
for the Period 21 October 2022 to 31 October 2023







DIRECTOR: A A Kureemun





REGISTERED OFFICE: 155 Blackwall Lane
London
SE10 0AT





REGISTERED NUMBER: 14434525 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Seafood 21 Limited (Registered number: 14434525)

Balance Sheet
31 October 2023

Notes £   
FIXED ASSETS
Intangible assets 4 85,177
Property, plant and equipment 5 17,389
102,566

CURRENT ASSETS
Inventories 365,985
Debtors 6 103,352
Cash at bank 20,956
490,293
CREDITORS
Amounts falling due within one year 7 (106,406 )
NET CURRENT ASSETS 383,887
TOTAL ASSETS LESS CURRENT LIABILITIES 486,453

CREDITORS
Amounts falling due after more than one
year

8

(469,259

)

PROVISIONS FOR LIABILITIES (3,304 )
NET ASSETS 13,890

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 13,889
13,890

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

Seafood 21 Limited (Registered number: 14434525)

Balance Sheet - continued
31 October 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 15 August 2024 and were signed by:





A A Kureemun - Director


Seafood 21 Limited (Registered number: 14434525)

Notes to the Financial Statements
for the Period 21 October 2022 to 31 October 2023


1. STATUTORY INFORMATION

Seafood 21 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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant and machinery - 33% on cost
Motor vehicles - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Inventories
Inventories 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 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.


Seafood 21 Limited (Registered number: 14434525)

Notes to the Financial Statements - continued
for the Period 21 October 2022 to 31 October 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 286,010
Disposals (197,310 )
At 31 October 2023 88,700
AMORTISATION
Charge for period 3,523
At 31 October 2023 3,523
NET BOOK VALUE
At 31 October 2023 85,177

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 15,555 4,000 19,555
At 31 October 2023 15,555 4,000 19,555
DEPRECIATION
Charge for period 1,457 709 2,166
At 31 October 2023 1,457 709 2,166
NET BOOK VALUE
At 31 October 2023 14,098 3,291 17,389

Seafood 21 Limited (Registered number: 14434525)

Notes to the Financial Statements - continued
for the Period 21 October 2022 to 31 October 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 83,256
Other debtors 1
Prepayments 20,095
103,352

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 1,708
Trade creditors 79,033
Tax 389
VAT 24,073
Accrued expenses 1,203
106,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other loans - 1-2 years 95,716
Other loans - 2-5 years 373,543
469,259