Company registration number 00011066 (England and Wales)
THE TOLLESBURY AND MERSEA NATIVE OYSTER FISHERY COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
THE TOLLESBURY AND MERSEA NATIVE OYSTER FISHERY COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE TOLLESBURY AND MERSEA NATIVE OYSTER FISHERY COMPANY LIMITED
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
50
50
Current assets
Debtors
4
2,385
2,147
Cash at bank and in hand
32,410
28,809
34,795
30,956
Creditors: amounts falling due within one year
5
(2,031)
(1,404)
Net current assets
32,764
29,552
Total assets less current liabilities
32,814
29,602
Capital and reserves
Called up share capital
6,000
6,000
Profit and loss reserves
26,814
23,602
Total equity
32,814
29,602
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
G Baker
Director
Company Registration No. 00011066
THE TOLLESBURY AND MERSEA NATIVE OYSTER FISHERY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information
The Tollesbury and Mersea Native Oyster Fishery Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Streets Whittle & Partners LLP, 15 High Street, West Mersea, Colchester, CO5 8QA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
not provided
1.4
Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
Financial assets comprise cash at bank and in hand, together with trade and other debtors. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.
Financial liabilities held at amortised cost comprise all creditors except social security and other taxes.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
THE TOLLESBURY AND MERSEA NATIVE OYSTER FISHERY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
5
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 and 31 July 2024
244
Depreciation and impairment
At 1 August 2023 and 31 July 2024
194
Carrying amount
At 31 July 2024
50
At 31 July 2023
50
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
384
413
Other debtors
2,001
1,734
2,385
2,147
THE TOLLESBURY AND MERSEA NATIVE OYSTER FISHERY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
581
2
Corporation tax
2
Other creditors
1,450
1,400
2,031
1,404
6
Directors' transactions
The company was under the control of the directors throughout the year. No one director has control of the company.
During the year the following directors provided their services in river maintenance and purchase and sales of Native Oysters at normal commercial rates:
R Haward Native oysters - sales for relaying £nil (2023: £485)
R Haward Sampling £48 (2023: £45)
G Baker Hatchery, survey and sundries £nil (2023 : £232)
D R Belbin Dredging £4,602 (2023: £1,050)
D R Belbin Cleaning £1,440 (2023: £3,242)
E J Dixon Secretarial fees £2,966 (2023 £3,911)