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REGISTERED NUMBER: 11707202 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CARTERS CORNISH SHELLFISH LIMITED

CARTERS CORNISH SHELLFISH LIMITED (REGISTERED NUMBER: 11707202)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTERS CORNISH SHELLFISH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L J Carter
Mrs T J Carter





REGISTERED OFFICE: Carnview
75b Agar Road
Illogan Highway
REDRUTH
Cornwall
TR15 3EJ





REGISTERED NUMBER: 11707202 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

CARTERS CORNISH SHELLFISH LIMITED (REGISTERED NUMBER: 11707202)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,500 75,000
Tangible assets 5 192,069 128,748
272,569 203,748

CURRENT ASSETS
Stocks - 4,449
Debtors 6 37,202 31,451
Cash at bank 5,637 1,502
42,839 37,402
CREDITORS
Amounts falling due within one year 7 81,780 48,174
NET CURRENT LIABILITIES (38,941 ) (10,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,628

192,976

CREDITORS
Amounts falling due after more than one
year

8

(79,358

)

(98,088

)

PROVISIONS FOR LIABILITIES (27,912 ) (13,858 )
NET ASSETS 126,358 81,030

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,258 80,930
126,358 81,030

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

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

CARTERS CORNISH SHELLFISH LIMITED (REGISTERED NUMBER: 11707202)

BALANCE SHEET - continued
31 MARCH 2024


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 22 October 2024 and were signed on its behalf by:




L J Carter - Director



Mrs T J Carter - Director


CARTERS CORNISH SHELLFISH LIMITED (REGISTERED NUMBER: 11707202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Carters Cornish 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.

The company has net current liabilities of £10,772. In the opinion of the Directors, the company is a going concern as the company retain the supports of its creditors. The company accounts are therefore prepared on the going concern basis.

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

Revenue is recognised to turnover upon delivery of goods to customers.

Fishing licence
In the opinion of the Directors, the licence owned by the company has a carrying value in excess of cost, and is therefore not amortised within the accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% 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 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.

CARTERS CORNISH SHELLFISH LIMITED (REGISTERED NUMBER: 11707202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 75,000
Additions 5,500
At 31 March 2024 80,500
NET BOOK VALUE
At 31 March 2024 80,500
At 31 March 2023 75,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 199,863
Additions 113,381
Disposals (10,793 )
At 31 March 2024 302,451
DEPRECIATION
At 1 April 2023 71,115
Charge for year 45,558
Eliminated on disposal (6,291 )
At 31 March 2024 110,382
NET BOOK VALUE
At 31 March 2024 192,069
At 31 March 2023 128,748

CARTERS CORNISH SHELLFISH LIMITED (REGISTERED NUMBER: 11707202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,145 -
Other debtors 36,057 31,451
37,202 31,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,696 8,847
Trade creditors 17,615 8,228
Taxation and social security 17,018 11,588
Other creditors 30,451 19,511
81,780 48,174

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,407 30,427
Other creditors 59,951 67,661
79,358 98,088

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 5 years + 3,910 7,340