IRIS Accounts Production v24.3.2.46 04808642 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048086422023-05-31048086422024-05-31048086422023-06-012024-05-31048086422022-05-31048086422022-06-012023-05-31048086422023-05-3104808642ns15:EnglandWales2023-06-012024-05-3104808642ns14:PoundSterling2023-06-012024-05-3104808642ns10:Director12023-06-012024-05-3104808642ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104808642ns10:SmallEntities2023-06-012024-05-3104808642ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104808642ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104808642ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104808642ns10:FullAccounts2023-06-012024-05-310480864212023-06-012024-05-3104808642ns10:OrdinaryShareClass12023-06-012024-05-3104808642ns10:Director22023-06-012024-05-3104808642ns10:CompanySecretary12023-06-012024-05-3104808642ns10:RegisteredOffice2023-06-012024-05-3104808642ns5:CurrentFinancialInstruments2024-05-3104808642ns5:CurrentFinancialInstruments2023-05-3104808642ns5:ShareCapital2024-05-3104808642ns5:ShareCapital2023-05-3104808642ns5:RetainedEarningsAccumulatedLosses2024-05-3104808642ns5:RetainedEarningsAccumulatedLosses2023-05-3104808642ns5:NetGoodwill2023-06-012024-05-3104808642ns5:FurnitureFittings2023-06-012024-05-3104808642ns5:MotorVehicles2023-06-012024-05-3104808642ns5:ComputerEquipment2023-06-012024-05-3104808642ns5:NetGoodwill2023-05-3104808642ns5:NetGoodwill2024-05-3104808642ns5:NetGoodwill2023-05-3104808642ns5:FurnitureFittings2023-05-3104808642ns5:MotorVehicles2023-05-3104808642ns5:ComputerEquipment2023-05-3104808642ns5:FurnitureFittings2024-05-3104808642ns5:MotorVehicles2024-05-3104808642ns5:ComputerEquipment2024-05-3104808642ns5:FurnitureFittings2023-05-3104808642ns5:MotorVehicles2023-05-3104808642ns5:ComputerEquipment2023-05-3104808642ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3104808642ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104808642ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 04808642 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

CROZIER FISHERIES LIMITED

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROZIER FISHERIES LIMITED

COMPANY INFORMATION
For The Year Ended 31st May 2024







DIRECTORS: C Bainbridge
B Bainbridge





SECRETARY: B Bainbridge





REGISTERED OFFICE: 8 Crozier Street
Sunderland
Tyne and Wear
SR5 1JF





REGISTERED NUMBER: 04808642 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
Tyne and Wear
SR1 3AW

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

BALANCE SHEET
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,500
Tangible assets 5 97,922 75,741
97,922 83,241

CURRENT ASSETS
Stocks 7,695 7,695
Debtors 6 1,232 5,935
Cash at bank and in hand 17,170 67,670
26,097 81,300
CREDITORS
Amounts falling due within one year 7 91,834 121,470
NET CURRENT LIABILITIES (65,737 ) (40,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,185

43,071

PROVISIONS FOR LIABILITIES 18,605 14,391
NET ASSETS 13,580 28,680

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 13,480 28,580
SHAREHOLDERS' FUNDS 13,580 28,680

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

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

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

BALANCE SHEET - continued
31st May 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 26th February 2025 and were signed on its behalf by:





C Bainbridge - Director


CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2024

1. STATUTORY INFORMATION

Crozier Fisheries 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue from the sale of goods is recognised as income on receipt of cash or card payment. Revenue is measured net of discounts, promotions and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 150,000
AMORTISATION
At 1st June 2023 142,500
Amortisation for year 7,500
At 31st May 2024 150,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 7,500

CROZIER FISHERIES LIMITED (REGISTERED NUMBER: 04808642)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 120,862 38,953 3,154 162,969
Additions - 44,080 999 45,079
At 31st May 2024 120,862 83,033 4,153 208,048
DEPRECIATION
At 1st June 2023 71,888 13,390 1,950 87,228
Charge for year 12,244 10,064 590 22,898
At 31st May 2024 84,132 23,454 2,540 110,126
NET BOOK VALUE
At 31st May 2024 36,730 59,579 1,613 97,922
At 31st May 2023 48,974 25,563 1,204 75,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,232 -
Tax - 5,935
1,232 5,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20 20
Tax 1,039 8,380
VAT 6,014 7,848
Other creditors (107 ) (5 )
Directors' current accounts 79,890 100,486
Accrued expenses 4,978 4,741
91,834 121,470

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100