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REGISTERED NUMBER: 05001274 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Whitby Seafish Limited

Whitby Seafish Limited (Registered number: 05001274)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitby Seafish Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr L M N Asquith





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 05001274 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Whitby Seafish Limited (Registered number: 05001274)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,863 61,134
46,863 61,134

CURRENT ASSETS
Stocks - 3,000
Debtors 6 20,262 35,652
Cash at bank and in hand 4,370 23,178
24,632 61,830
CREDITORS
Amounts falling due within one year 7 33,076 57,919
NET CURRENT (LIABILITIES)/ASSETS (8,444 ) 3,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,419

65,045

CREDITORS
Amounts falling due after more than one
year

8

-

(7,148

)

PROVISIONS FOR LIABILITIES (9,855 ) (11,615 )
NET ASSETS 28,564 46,282

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 28,562 46,280
SHAREHOLDERS' FUNDS 28,564 46,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Whitby Seafish Limited (Registered number: 05001274)

Balance Sheet - continued
30 June 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 director and authorised for issue on 20 December 2024 and were signed by:





Mr L M N Asquith - Director


Whitby Seafish Limited (Registered number: 05001274)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Whitby Seafish 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully amortised over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost and 15% on reducing balance
Motor vehicles - 25% 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.

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.

Whitby Seafish Limited (Registered number: 05001274)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 5,000
AMORTISATION
At 1 July 2023
and 30 June 2024 5,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Whitby Seafish Limited (Registered number: 05001274)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 111,152 45,067 701 156,920
Additions - 7,950 1,273 9,223
Disposals - (22,321 ) - (22,321 )
Reclassification/transfer (7,535 ) - 7,535 -
At 30 June 2024 103,617 30,696 9,509 143,822
DEPRECIATION
At 1 July 2023 73,248 22,075 463 95,786
Charge for year 5,691 4,597 651 10,939
Eliminated on disposal - (9,766 ) - (9,766 )
Reclassification/transfer (7,535 ) - 7,535 -
At 30 June 2024 71,404 16,906 8,649 96,959
NET BOOK VALUE
At 30 June 2024 32,213 13,790 860 46,863
At 30 June 2023 37,904 22,992 238 61,134

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 20,445
Disposals (20,445 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 8,945
Eliminated on disposal (8,945 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 11,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 19,762 24,671
Other debtors 500 10,981
20,262 35,652

Whitby Seafish Limited (Registered number: 05001274)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 3,541
Trade creditors 9,632 12,053
Taxation and social security 8,764 17,006
Other creditors 14,680 25,319
33,076 57,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 7,148

9. RELATED PARTY DISCLOSURES

During the year the company loaned money to Whitby Crab Limited who share the same director. The amount owed to the company at the year end date was £500 (2023 £10,500). The loan is repayable on demand and is interest free.