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REGISTERED NUMBER: 09560839 (England and Wales)

















Crazy Cat Shellfish Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






Crazy Cat Shellfish Limited (Registered number: 09560839)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crazy Cat Shellfish Limited

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Mr J M White





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 09560839 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Crazy Cat Shellfish Limited (Registered number: 09560839)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 329,530 363,062

CURRENT ASSETS
Debtors 5 49,424 37,287
Cash at bank 1 51,208
49,425 88,495
CREDITORS
Amounts falling due within one year 6 81,864 76,193
NET CURRENT (LIABILITIES)/ASSETS (32,439 ) 12,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,091

375,364

CREDITORS
Amounts falling due after more than one
year

7

(330,035

)

(372,160

)

PROVISIONS FOR LIABILITIES (6,125 ) (12,993 )
NET LIABILITIES (39,069 ) (9,789 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,169 ) (9,889 )
SHAREHOLDERS' FUNDS (39,069 ) (9,789 )

Crazy Cat Shellfish Limited (Registered number: 09560839)

BALANCE SHEET - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mr J M White - Director


Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

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

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 - 25% on reducing balance
Motor vehicles - 25% on cost less residual value
Boat - 10% on reducing balance

No depreciation is provided on Freehold Property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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.

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.

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. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Boat Totals
£    £    £    £    £   
COST
At 1 August 2023 15,411 198,300 40,890 274,126 528,727
Additions - 21,831 - - 21,831
At 31 July 2024 15,411 220,131 40,890 274,126 550,558
DEPRECIATION
At 1 August 2023 - 119,150 19,102 27,413 165,665
Charge for year - 25,245 5,447 24,671 55,363
At 31 July 2024 - 144,395 24,549 52,084 221,028
NET BOOK VALUE
At 31 July 2024 15,411 75,736 16,341 222,042 329,530
At 31 July 2023 15,411 79,150 21,788 246,713 363,062

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 35,690
DEPRECIATION
At 1 August 2023 14,827
Charge for year 5,216
At 31 July 2024 20,043
NET BOOK VALUE
At 31 July 2024 15,647
At 31 July 2023 20,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,475 16,808
Other debtors 8,689 5,958
Directors' current accounts 12,171 3,224
VAT 2,509 3,878
Prepayments 4,580 7,419
49,424 37,287

Crazy Cat Shellfish Limited (Registered number: 09560839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,420 44,699
Hire purchase contracts 7,460 6,708
Trade creditors 2,314 14,910
Tax 3,019 1,088
Credit card 2,374 1,191
Accruals 10,277 7,597
81,864 76,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 43,345 45,591
Bank loans - 2-5 years 142,737 134,478
Bank loans more 5 yr by instal 135,139 175,818
Hire purchase contracts 8,814 16,273
330,035 372,160

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 135,139 175,818

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 360,957 400,586

The loans are secured on the assets of the company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr J M White
Balance outstanding at start of year 3,224 -
Amounts advanced 8,947 3,224
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,171 3,224

10. GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £39,069. The applicability of going concern is dependent on upon the continued support of the creditors. There are no indications that this support will cease.