REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 2024 |
FOR |
MN Seafood Partners Ltd |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 5 JULY 2023 TO 31 JULY 2024 |
FOR |
MN Seafood Partners Ltd |
MN Seafood Partners Ltd (Registered number: 14981466) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 5 July 2023 to 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
MN Seafood Partners Ltd |
COMPANY INFORMATION |
for the period 5 July 2023 to 31 July 2024 |
Directors: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
129 North Hill |
Plymouth |
Devon |
PL4 8JY |
MN Seafood Partners Ltd (Registered number: 14981466) |
BALANCE SHEET |
31 July 2024 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings |
Shareholders' funds |
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. |
MN Seafood Partners Ltd (Registered number: 14981466) |
BALANCE SHEET - continued |
31 July 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MN Seafood Partners Ltd (Registered number: 14981466) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 5 July 2023 to 31 July 2024 |
1. | STATUTORY INFORMATION |
MN Seafood Partners Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office and business address can be found on the company information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the wholesale of seafood.. |
Tangible fixed assets |
Equipment 15% reducing balance |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & 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 period 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. |
Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
MN Seafood Partners Ltd (Registered number: 14981466) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 5 July 2023 to 31 July 2024 |
2. | ACCOUNTING POLICIES - continued |
Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
Provisions |
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
Cost |
Additions |
At 31 July 2024 |
Depreciation |
Charge for period |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
MN Seafood Partners Ltd (Registered number: 14981466) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 5 July 2023 to 31 July 2024 |
7. | CALLED UP SHARE CAPITAL |
During the period, 2 shares of £1 each were issued to form the initial share capital of the company, all shares rank pari passu. |
8. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company was owed £19,739 by it's directors, Mr and Mrs Newman, this was repaid in full within 9 months of the year end. |
The balance is made up of debits totalling £173,656, credits of £153,917 the maximum overdrawn in the year was £19,739. |
9. | ULTIMATE CONTROLLING PARTY |
The company is ultimately controlled by the directors. |