Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31false2023-11-01falseFish wholesaler910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10230666 2023-11-01 2024-10-31 10230666 2022-11-01 2023-10-31 10230666 2024-10-31 10230666 2023-10-31 10230666 c:Director2 2023-11-01 2024-10-31 10230666 d:PlantMachinery 2023-11-01 2024-10-31 10230666 d:PlantMachinery 2024-10-31 10230666 d:PlantMachinery 2023-10-31 10230666 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10230666 d:FurnitureFittings 2023-11-01 2024-10-31 10230666 d:FurnitureFittings 2024-10-31 10230666 d:FurnitureFittings 2023-10-31 10230666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10230666 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 10230666 d:OtherPropertyPlantEquipment 2024-10-31 10230666 d:OtherPropertyPlantEquipment 2023-10-31 10230666 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10230666 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10230666 d:CurrentFinancialInstruments 2024-10-31 10230666 d:CurrentFinancialInstruments 2023-10-31 10230666 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10230666 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10230666 d:ShareCapital 2024-10-31 10230666 d:ShareCapital 2023-10-31 10230666 d:RetainedEarningsAccumulatedLosses 2024-10-31 10230666 d:RetainedEarningsAccumulatedLosses 2023-10-31 10230666 c:FRS102 2023-11-01 2024-10-31 10230666 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10230666 c:FullAccounts 2023-11-01 2024-10-31 10230666 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10230666 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10230666










CELTIC COAST FISH COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CELTIC COAST FISH COMPANY LIMITED
REGISTERED NUMBER: 10230666

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
217,426
244,421

  
217,426
244,421

Current assets
  

Stocks
  
113,915
123,363

Debtors: amounts falling due within one year
 5 
348,527
271,706

Cash at bank and in hand
 6 
61,536
50,017

  
523,978
445,086

Creditors: amounts falling due within one year
 7 
(1,063,763)
(827,604)

Net current liabilities
  
 
 
(539,785)
 
 
(382,518)

Total assets less current liabilities
  
(322,359)
(138,097)

  

Net liabilities
  
(322,359)
(138,097)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(322,459)
(138,197)

  
(322,359)
(138,097)


Page 1

 
CELTIC COAST FISH COMPANY LIMITED
REGISTERED NUMBER: 10230666
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Simon Martin Jones
Director

Date: 5 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CELTIC COAST FISH COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Celtic Coast Fish Company 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 below:
Registered number:   10230666
Registered office address:  C/O Castell Howell Foods Ltd Cross Hands Food Park
      Cross Hands
      Llanelli
      Carmarthenshire
      Wales
      SA14 6SX
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

  
2.2

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets and provisions
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss or provision is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Page 3

 
CELTIC COAST FISH COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax and other sales taxes.
Revenue is recognised on the despatch of goods to customers.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%, 20% & 33% on cost
Fixtures and fittings
-
20% on cost
Improvements to property
-
10% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
CELTIC COAST FISH COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Going Concern

The directors have reviewed the results and assets of the company for the current year and also the projected results. The company is reliant upon group company support and the directors have received assurances that such support will continue.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operation exsistence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).

Page 5

 
CELTIC COAST FISH COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 November 2023
354,675
1,399
70,755
426,829


Additions
6,266
-
10,086
16,352



At 31 October 2024

360,941
1,399
80,841
443,181



Depreciation


At 1 November 2023
132,606
1,398
48,404
182,408


Charge for the year on owned assets
36,103
-
7,244
43,347



At 31 October 2024

168,709
1,398
55,648
225,755



Net book value



At 31 October 2024
192,232
1
25,193
217,426



At 31 October 2023
222,069
1
22,351
244,421


5.


Debtors

2024
2023
£
£


Trade debtors
300,961
203,210

Other debtors
34,393
55,394

Prepayments and accrued income
13,173
13,102

348,527
271,706



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
61,536
50,017

61,536
50,017


Page 6

 
CELTIC COAST FISH COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
190,000
190,000

Trade creditors
617,298
357,801

Other taxation and social security
4,432
5,534

Other creditors
216,235
216,036

Accruals and deferred income
35,798
58,233

1,063,763
827,604



8.

Related Party Disclosures

2024
2023
        £
        £
Sales

661,899

655,185
 
Purchases/recharges

417,653

535,002
 
Amounts owed (to)/from related parties at balance sheet date

(757,300)

587,055
 

2024
2023
        £
        £
Sales

3,369

-
 
Purchases/recharges

730

794
 
Amounts within (to)/from related parties at balance sheet date

-

-
 

Included within amounts owed to the controlling party, are loan balances of £190,000 (2023: £190,000).
The company's results are incorporated into the consolidated financial statements of Castell Howell Foods Limited, whose registered office is the same as the company's.


9.


Other financial Commitments

The company has future operating lease commitments of Nil (2023: Nil). 

 
Page 7