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REGISTERED NUMBER: 02813471 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Regal Fish Supplies Limited

Regal Fish Supplies Limited (Registered number: 02813471)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Regal Fish Supplies Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Stansfield
R J Stansfield
S D Stansfield
D J L Gallou
N Sato





SECRETARY: Ms C Carr





REGISTERED OFFICE: Ardent Road
Barton-Upon-Humber
DN18 5FA





REGISTERED NUMBER: 02813471 (England and Wales)





AUDITORS: Haines Watts, Chartered Accountants
117 - 119 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ET

Regal Fish Supplies Limited (Registered number: 02813471)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,708 -
Tangible assets 5 469,123 449,969
519,831 449,969

CURRENT ASSETS
Stocks 304,423 303,412
Debtors 6 189,616 1,235,809
Cash at bank and in hand 285,386 1,134,683
779,425 2,673,904
CREDITORS
Amounts falling due within one year 7 662,892 540,352
NET CURRENT ASSETS 116,533 2,133,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,364

2,583,521

PROVISIONS FOR LIABILITIES 125,106 110,716
NET ASSETS 511,258 2,472,805

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 510,958 2,472,505
511,258 2,472,805

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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





S D Stansfield - Director


Regal Fish Supplies Limited (Registered number: 02813471)

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

1. STATUTORY INFORMATION

Regal Fish Supplies 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised on delivery of the goods to the customer.

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.

Website development are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings - at varying rates on cost
Plant and machinery etc - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. The cost is calculated on a first in first out basis.

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 balance sheet date.


Regal Fish Supplies Limited (Registered number: 02813471)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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.

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

The company also makes a contribution to NEST on behalf of its employees. Contributions payable to NEST scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. As equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 79 (2022 - 76 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 61,684
At 31 December 2023 61,684
AMORTISATION
Charge for year 10,976
At 31 December 2023 10,976
NET BOOK VALUE
At 31 December 2023 50,708

Regal Fish Supplies Limited (Registered number: 02813471)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 564,499 1,366,850 1,931,349
Additions 34,938 195,215 230,153
At 31 December 2023 599,437 1,562,065 2,161,502
DEPRECIATION
At 1 January 2023 552,213 929,167 1,481,380
Charge for year 3,053 207,946 210,999
At 31 December 2023 555,266 1,137,113 1,692,379
NET BOOK VALUE
At 31 December 2023 44,171 424,952 469,123
At 31 December 2022 12,286 437,683 449,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 20,799 11,399
Other debtors 168,817 1,224,410
189,616 1,235,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 361,263 313,373
Taxation and social security 211,730 181,277
Other creditors 89,899 45,702
662,892 540,352

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jennifer Toulson FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Chartered Accountants

9. ULTIMATE CONTROLLING PARTY

The controlling party is Flatfish Limited.

The ultimate controlling party is Nippon Suisan Kaisha Limited, Incorporated in Japan and copies of group financial statements of Nippon Suisan Kaisha Limited can be obtained from Nishi-Shimbashi Square, 1-3-1, Nishi Shimbashi, MINATO-KU, TKY, 105-8676.