DNA Fish Supplies Limited 08702472 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is fish supplies Digita Accounts Production Advanced 6.30.9574.0 true 08702472 2023-01-01 2023-12-31 08702472 2023-12-31 08702472 bus:OrdinaryShareClass1 2023-12-31 08702472 core:RetainedEarningsAccumulatedLosses 2023-12-31 08702472 core:ShareCapital 2023-12-31 08702472 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-31 08702472 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-31 08702472 core:CurrentFinancialInstruments 2023-12-31 08702472 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08702472 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08702472 core:FurnitureFittingsToolsEquipment 2023-12-31 08702472 core:MotorVehicles 2023-12-31 08702472 core:OtherPropertyPlantEquipment 2023-12-31 08702472 bus:SmallEntities 2023-01-01 2023-12-31 08702472 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08702472 bus:FullAccounts 2023-01-01 2023-12-31 08702472 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08702472 bus:RegisteredOffice 2023-01-01 2023-12-31 08702472 bus:Director1 2023-01-01 2023-12-31 08702472 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08702472 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08702472 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 08702472 core:MotorVehicles 2023-01-01 2023-12-31 08702472 core:OfficeEquipment 2023-01-01 2023-12-31 08702472 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08702472 core:PlantMachinery 2023-01-01 2023-12-31 08702472 countries:England 2023-01-01 2023-12-31 08702472 2022-12-31 08702472 core:FurnitureFittingsToolsEquipment 2022-12-31 08702472 core:MotorVehicles 2022-12-31 08702472 core:OtherPropertyPlantEquipment 2022-12-31 08702472 2022-01-01 2022-12-31 08702472 2022-12-31 08702472 bus:OrdinaryShareClass1 2022-12-31 08702472 core:RetainedEarningsAccumulatedLosses 2022-12-31 08702472 core:ShareCapital 2022-12-31 08702472 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-12-31 08702472 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-12-31 08702472 core:CurrentFinancialInstruments 2022-12-31 08702472 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08702472 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08702472 core:FurnitureFittingsToolsEquipment 2022-12-31 08702472 core:MotorVehicles 2022-12-31 08702472 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08702472

DNA Fish Supplies Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

DNA Fish Supplies Limited

(Registration number: 08702472)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

263,457

195,074

Current assets

 

Stocks

31,178

19,216

Debtors

5

479,528

411,599

Cash at bank and in hand

 

404,269

370,872

 

914,975

801,687

Creditors: Amounts falling due within one year

6

(269,651)

(334,342)

Net current assets

 

645,324

467,345

Total assets less current liabilities

 

908,781

662,419

Creditors: Amounts falling due after more than one year

6

(19,145)

(27,218)

Provisions for liabilities

(65,864)

(37,064)

Net assets

 

823,772

598,137

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

823,762

598,127

Shareholders' funds

 

823,772

598,137

 

DNA Fish Supplies Limited

(Registration number: 08702472)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 July 2024
 


Ms DS Sopp
Director

   
 

DNA Fish Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 8
Grimsby Seafood Village
Wickham Road
Grimsby
North East Lincolnshire
DN31 3SX

The company registration number is 08702472.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

DNA Fish Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

10%/15% per annum on written down value

Motor vehicles

25% per annum on written down value

Office equipment

33.33% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

DNA Fish Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 17 (2022 - 16).

 

DNA Fish Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

52,371

180,995

6,205

239,571

Additions

53,339

73,201

891

127,431

At 31 December 2023

105,710

254,196

7,096

367,002

Depreciation

At 1 January 2023

12,859

25,433

6,205

44,497

Charge for the year

7,853

51,096

99

59,048

At 31 December 2023

20,712

76,529

6,304

103,545

Carrying amount

At 31 December 2023

84,998

177,667

792

263,457

At 31 December 2022

39,512

155,562

-

195,074

5

Debtors

2023
£

2022
£

Trade debtors

445,163

373,699

Other debtors

27,533

30,880

Social security and other taxes

6,832

7,020

479,528

411,599

 

DNA Fish Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

14,735

10,125

Trade payables

 

77,807

147,980

Social security and other taxes

 

116,685

69,080

Other payables

 

60,424

107,157

 

269,651

334,342

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

19,145

27,218

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

14,735

10,125

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

19,145

27,218

Secured borrowings

The hire purchase liability is secured upon the asset to which it relates.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10