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REGISTERED NUMBER: 02603681 (England and Wales)















GRIMSBY FISH DOCK ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






GRIMSBY FISH DOCK ENTERPRISES LIMITED (REGISTERED NUMBER: 02603681)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


GRIMSBY FISH DOCK ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D J Flear
A J Allard
P Bjornsson
M H Boyers
C M Goodwin
N R Stinson
A C Oliver
Mrs M A Johnson
S M Dwyer





SECRETARY: M H Boyers





REGISTERED OFFICE: Wharncliffe Road
Fish Docks
Grimsby
NE Lincs
DN31 3QJ





REGISTERED NUMBER: 02603681 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

GRIMSBY FISH DOCK ENTERPRISES LIMITED (REGISTERED NUMBER: 02603681)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,251,555 4,494,847
Investments 5 308 208
4,251,863 4,495,055

CURRENT ASSETS
Debtors 6 752,488 1,565,743
Cash at bank and in hand 2,302,727 761,841
3,055,215 2,327,584
CREDITORS
Amounts falling due within one year 7 2,243,965 1,861,388
NET CURRENT ASSETS 811,250 466,196
TOTAL ASSETS LESS CURRENT LIABILITIES 5,063,113 4,961,251

PROVISIONS FOR LIABILITIES (126,469 ) (97,658 )

ACCRUALS AND DEFERRED INCOME (1,012,722 ) (1,191,477 )
NET ASSETS 3,923,922 3,672,116

CAPITAL AND RESERVES
Called up share capital 8 1,400 1,400
Capital redemption reserve 9 400 400
Retained earnings 9 3,922,122 3,670,316
SHAREHOLDERS' FUNDS 3,923,922 3,672,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




M H Boyers - Director


GRIMSBY FISH DOCK ENTERPRISES LIMITED (REGISTERED NUMBER: 02603681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Grimsby Fish Dock Enterprises 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.

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings- 2% and 5% on cost
Plant and machinery etc- varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


GRIMSBY FISH DOCK ENTERPRISES LIMITED (REGISTERED NUMBER: 02603681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 7,110,676 8,833,689 15,944,365
Additions - 392,402 392,402
Disposals - (24,995 ) (24,995 )
At 30 June 2024 7,110,676 9,201,096 16,311,772
DEPRECIATION
At 1 July 2023 4,453,207 6,996,311 11,449,518
Charge for year 173,002 459,327 632,329
Eliminated on disposal - (21,630 ) (21,630 )
At 30 June 2024 4,626,209 7,434,008 12,060,217
NET BOOK VALUE
At 30 June 2024 2,484,467 1,767,088 4,251,555
At 30 June 2023 2,657,469 1,837,378 4,494,847

GRIMSBY FISH DOCK ENTERPRISES LIMITED (REGISTERED NUMBER: 02603681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 208
Additions 100
At 30 June 2024 308
NET BOOK VALUE
At 30 June 2024 308
At 30 June 2023 208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 325,631 359,286
Amounts owed by group undertakings 124,428 20,100
Other debtors 302,429 1,186,357
752,488 1,565,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 363,423 190,209
Amounts owed to group undertakings 487 268
Taxation and social security 213,999 186,239
Other creditors 1,666,056 1,484,672
2,243,965 1,861,388

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,400 Ordinary £1 1,400 1,400

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

At 1 July 2023 3,670,316 400 3,670,716
Profit for the year 251,806 251,806
At 30 June 2024 3,922,122 400 3,922,522

GRIMSBY FISH DOCK ENTERPRISES LIMITED (REGISTERED NUMBER: 02603681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. RELATED PARTY DISCLOSURES

There are transactions with the subsidiary companies, all of which have been conducted on commercial terms. The transactions are with wholly owned subsidiary companies.

All transactions between Grimsby Fish Docks Enterprises Limited and its subsidary companies are conducted at arms length and are negotiated on mutually acceptable commercial terms. As per FRS 102 requirements for small companies, these transactions do not have to be disclosed in terms of monetary value.

During the year ended 30 June 2024 Grimsby Fish Dock Enterprises Limited also paid each of its shareholders a management charge for attending the shareholder meetings.

Grimsby Fish Docks Enterprises paid Grimsby Fish Merchants Association Limited £10,000 (2023: £5,000) of which Michael Gordon Woods is a common director

Grimsby Fish Docks Enterprises paid The Great Grimsby Slipways Company Limited £10,000 (2023: £5,000) of which Christopher Mark Goodwin is a common director

Grimsby Fish Docks Enterprises paid Isberg Limited £10,000 (2023: £5,000) of which Petur Bjornsson is a common director

11. ULTIMATE CONTROLLING PARTY

The company is owned jointly by seven shareholders. There is no overall body of control amongst those shareholders and thus there is no ultimate controlling party.