Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07229599 Mr B Sessions Mr M Sessions iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07229599 2023-05-31 07229599 2024-05-31 07229599 2023-06-01 2024-05-31 07229599 frs-core:CurrentFinancialInstruments 2024-05-31 07229599 frs-core:Non-currentFinancialInstruments 2024-05-31 07229599 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 07229599 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07229599 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 07229599 frs-core:MotorVehicles 2024-05-31 07229599 frs-core:MotorVehicles 2023-06-01 2024-05-31 07229599 frs-core:MotorVehicles 2023-05-31 07229599 frs-core:PlantMachinery 2024-05-31 07229599 frs-core:PlantMachinery 2023-06-01 2024-05-31 07229599 frs-core:PlantMachinery 2023-05-31 07229599 frs-core:WithinOneYear 2024-05-31 07229599 frs-core:ShareCapital 2024-05-31 07229599 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07229599 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07229599 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07229599 frs-bus:SmallEntities 2023-06-01 2024-05-31 07229599 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07229599 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07229599 frs-bus:Director1 2023-06-01 2024-05-31 07229599 frs-bus:Director2 2023-06-01 2024-05-31 07229599 frs-countries:EnglandWales 2023-06-01 2024-05-31 07229599 2022-05-31 07229599 2023-05-31 07229599 2022-06-01 2023-05-31 07229599 frs-core:CurrentFinancialInstruments 2023-05-31 07229599 frs-core:Non-currentFinancialInstruments 2023-05-31 07229599 frs-core:WithinOneYear 2023-05-31 07229599 frs-core:ShareCapital 2023-05-31 07229599 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07229599
River Teign Shellfish Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Hancock & Hastings Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07229599
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 326,957 342,688
326,957 342,688
CURRENT ASSETS
Debtors 5 17,456 25,411
Cash at bank and in hand 437 -
17,893 25,411
Creditors: Amounts Falling Due Within One Year 6 (103,852 ) (66,724 )
NET CURRENT ASSETS (LIABILITIES) (85,959 ) (41,313 )
TOTAL ASSETS LESS CURRENT LIABILITIES 240,998 301,375
Creditors: Amounts Falling Due After More Than One Year 7 (90,834 ) (183,217 )
NET ASSETS 150,164 118,158
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 150,064 118,058
SHAREHOLDERS' FUNDS 150,164 118,158
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Sessions
Director
22/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
River Teign Shellfish Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07229599 . The registered office is Weeks Linney Parrs Lane, Chudleigh, Newton Abbot, TQ13 0PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 20% straight line
Motor Vehicles 10% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2023 251,538 200,232 66,972 518,742
Additions - 15,040 - 15,040
Disposals - (26,550 ) (10,772 ) (37,322 )
As at 31 May 2024 251,538 188,722 56,200 496,460
Depreciation
As at 1 June 2023 - 132,381 43,673 176,054
Provided during the period - 22,546 3,925 26,471
Disposals - (22,315 ) (10,707 ) (33,022 )
As at 31 May 2024 - 132,612 36,891 169,503
Net Book Value
As at 31 May 2024 251,538 56,110 19,309 326,957
As at 1 June 2023 251,538 67,851 23,299 342,688
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,294 24,856
Other debtors 3,162 555
17,456 25,411
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,524 6,524
Trade creditors 7,485 -
Bank loans and overdrafts 39,009 7,111
Amounts owed to participating interests 25,500 -
Other creditors 11,952 34,194
Taxation and social security 13,382 18,895
103,852 66,724
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 90,834 183,217
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,524 6,524
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5