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REGISTERED NUMBER: 00862473 (England and Wales)














FISH GOURMET LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






FISH GOURMET LIMITED (REGISTERED NUMBER: 00862473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FISH GOURMET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Glen Neil Dowie
Roy Dowie



SECRETARY: Glen Neil Dowie



REGISTERED OFFICE: 3 Sterling Court
Norton Road
Stevenage
Hertfordshire
SG1 2LX



REGISTERED NUMBER: 00862473 (England and Wales)



BANKERS: Lloyds Bank plc
Cromwell House
142 High Street
Stevenage
Hertfordshire

FISH GOURMET LIMITED (REGISTERED NUMBER: 00862473)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 539,276 427,108

CURRENT ASSETS
Stocks 1,025,814 3,639,388
Debtors 6 472,912 439,923
Cash at bank 3,585,907 1,022,683
5,084,633 5,101,994
CREDITORS
Amounts falling due within one year 7 1,132,101 1,320,162
NET CURRENT ASSETS 3,952,532 3,781,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,491,808

4,208,940

PROVISIONS FOR LIABILITIES 39,535 6,258
NET ASSETS 4,452,273 4,202,682

CAPITAL AND RESERVES
Called up share capital 8 7,350 7,350
Capital redemption reserve 9 2,650 2,650
Retained earnings 9 4,442,273 4,192,682
SHAREHOLDERS' FUNDS 4,452,273 4,202,682

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th July 2024 and were signed on its behalf by:





Glen Neil Dowie - Director


FISH GOURMET LIMITED (REGISTERED NUMBER: 00862473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Fish Gourmet 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have been consistently applied within the same accounts.

Turnover
Income is recognised when sales of goods have been delivered to customers and as such risks and rewards of ownership have been transferred to them. The amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 25% on cost and 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks 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 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 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.

FISH GOURMET LIMITED (REGISTERED NUMBER: 00862473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. ACCOUNTING POLICIES - continued

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount an impairment amount is recognised in the profit and loss account unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

5. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 1st January 2023 539,457 83,836 154,385
Additions - - -
Disposals - - -
At 31st December 2023 539,457 83,836 154,385
DEPRECIATION
At 1st January 2023 216,173 15,982 135,026
Charge for year 10,789 1,701 6,697
Eliminated on disposal - - -
At 31st December 2023 226,962 17,683 141,723
NET BOOK VALUE
At 31st December 2023 312,495 66,153 12,662
At 31st December 2022 323,284 67,854 19,359

FISH GOURMET LIMITED (REGISTERED NUMBER: 00862473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1st January 2023 15,734 436,449 1,229,861
Additions - 197,277 197,277
Disposals - (62,978 ) (62,978 )
At 31st December 2023 15,734 570,748 1,364,160
DEPRECIATION
At 1st January 2023 15,734 419,838 802,753
Charge for year - 65,922 85,109
Eliminated on disposal - (62,978 ) (62,978 )
At 31st December 2023 15,734 422,782 824,884
NET BOOK VALUE
At 31st December 2023 - 147,966 539,276
At 31st December 2022 - 16,611 427,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 413,870 323,123
Other debtors 51,848 38,702
Prepayments 7,194 78,098
472,912 439,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 945,713 968,648
Tax 180,488 337,149
Social security and other taxes - 3,965
Accrued expenses 5,900 10,400
1,132,101 1,320,162

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
3,750 Ordinary £1 2,350 2,350
5,000 Deferred £1 5,000 5,000
7,350 7,350

FISH GOURMET LIMITED (REGISTERED NUMBER: 00862473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. CALLED UP SHARE CAPITAL - continued

Ordinary shares carry voting rights and the right to any distributable profits.

Deferred shares carry no voting rights and no rights to any distributable profits.

In the event of a winding up, holders of deferred shares will be entitled to a payment of £1 per share, with the balance of assets distributed to the holders of ordinary shares.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1st January 2023 4,192,682 2,650 4,195,332
Profit for the year 679,716 679,716
Dividends (430,125 ) (430,125 )
At 31st December 2023 4,442,273 2,650 4,444,923

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

The Report of the Auditors was unqualified.

Christopher Hession (Senior Statutory Auditor)
for and on behalf of BK Plus Audit Limited

11. CAPITAL COMMITMENTS
2023 2022
£ £
Contracted but not provided for in the
financial statements - 197,277