IRIS Accounts Production v24.3.0.553 SC104434 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false 37390 35490 37390 37390 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1044342023-08-31SC1044342024-08-31SC1044342023-09-012024-08-31SC1044342022-08-31SC1044342022-09-012023-08-31SC1044342023-08-31SC104434ns15:Scotland2023-09-012024-08-31SC104434ns14:PoundSterling2023-09-012024-08-31SC104434ns10:Director12023-09-012024-08-31SC104434ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC104434ns10:SmallEntities2023-09-012024-08-31SC104434ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC104434ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC104434ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC104434ns10:FullAccounts2023-09-012024-08-31SC104434ns10:Director2422023-08-31SC104434ns10:Director2422022-09-012023-08-31SC104434ns10:Director2422023-09-012024-08-31SC104434ns10:Director2422023-08-31SC104434ns10:Director22023-09-012024-08-31SC104434ns10:RegisteredOffice2023-09-012024-08-31SC104434ns5:CurrentFinancialInstruments2024-08-31SC104434ns5:CurrentFinancialInstruments2023-08-31SC104434ns5:Non-currentFinancialInstruments2024-08-31SC104434ns5:Non-currentFinancialInstruments2023-08-31SC104434ns5:ShareCapital2024-08-31SC104434ns5:ShareCapital2023-08-31SC104434ns5:RetainedEarningsAccumulatedLosses2024-08-31SC104434ns5:RetainedEarningsAccumulatedLosses2023-08-31SC104434ns5:PlantMachinery2023-09-012024-08-31SC104434ns5:LandBuildings2023-08-31SC104434ns5:PlantMachinery2023-08-31SC104434ns5:LandBuildings2023-09-012024-08-31SC104434ns5:LandBuildings2024-08-31SC104434ns5:PlantMachinery2024-08-31SC104434ns5:LandBuildings2023-08-31SC104434ns5:PlantMachinery2023-08-31SC104434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-31SC104434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-012024-08-31SC104434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-08-31SC104434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-31SC104434ns5:CostValuation2023-08-31SC104434ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC104434ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31SC104434ns5:Secured2024-08-31SC104434ns5:Secured2023-08-31SC1044341ns10:Director12023-08-31SC1044341ns10:Director12022-08-31SC1044341ns10:Director12023-09-012024-08-31SC1044341ns10:Director12022-09-012023-08-31SC1044341ns10:Director12024-08-31SC1044341ns10:Director12023-08-31
REGISTERED NUMBER: SC104434 (Scotland)















Financial Statements for the Year Ended 31 August 2024

for

Couper Seafoods Limited

Couper Seafoods Limited (Registered number: SC104434)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Couper Seafoods Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D Couper
J Couper





REGISTERED OFFICE: Suite A,
1 Albyn Place
Aberdeen
AB10 1BR





REGISTERED NUMBER: SC104434 (Scotland)





ACCOUNTANTS: Findlay Brown Ltd
53 Huntly Street
Aberdeen
AB10 1TH

Couper Seafoods Limited (Registered number: SC104434)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291,920 228,914
Investments 5 1,750 1,750
293,670 230,664

CURRENT ASSETS
Stocks 25,613 43,733
Debtors 6 722,346 624,519
747,959 668,252
CREDITORS
Amounts falling due within one year 7 841,539 733,260
NET CURRENT LIABILITIES (93,580 ) (65,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES 200,090 165,656

CREDITORS
Amounts falling due after more than one year 8 84,609 110,222
NET ASSETS 115,481 55,434

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 114,381 54,334
SHAREHOLDERS' FUNDS 115,481 55,434

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

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

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 18 February 2025 and were signed on its behalf by:





J Couper - Director


Couper Seafoods Limited (Registered number: SC104434)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Couper Seafoods Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc - 25% on reducing balance, 20% on reducing balance and 10% on cost

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.

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.

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 37 (2023 - 37 ) .

Couper Seafoods Limited (Registered number: SC104434)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 - 807,936 807,936
Additions 84,240 44,849 129,089
Disposals - (13,849 ) (13,849 )
At 31 August 2024 84,240 838,936 923,176
DEPRECIATION
At 1 September 2023 - 579,022 579,022
Charge for year - 53,388 53,388
Eliminated on disposal - (1,154 ) (1,154 )
At 31 August 2024 - 631,256 631,256
NET BOOK VALUE
At 31 August 2024 84,240 207,680 291,920
At 31 August 2023 - 228,914 228,914

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 130,035
DEPRECIATION
At 1 September 2023 29,428
Charge for year 26,987
At 31 August 2024 56,415
NET BOOK VALUE
At 31 August 2024 73,620
At 31 August 2023 100,607

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 1,750
NET BOOK VALUE
At 31 August 2024 1,750
At 31 August 2023 1,750

Couper Seafoods Limited (Registered number: SC104434)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 690,448 573,146
Other debtors 31,898 51,373
722,346 624,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 479,349 435,206
Hire purchase contracts 21,084 19,886
Trade creditors 328,142 275,168
Other creditors 12,964 3,000
841,539 733,260

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 15,277 23,611
Hire purchase contracts 69,332 86,611
84,609 110,222

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank overdrafts 471,016 426,873
Hire purchase contracts 90,416 106,497
561,432 533,370

The bank has a floating charge over all the assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
J Couper and D Couper
Balance outstanding at start of year 37,390 -
Amounts repaid (37,390 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 37,390

The Directors Loans are repayable by 31 May 2024 and are interest free.