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REGISTERED NUMBER: 07614294 (England and Wales)












Celtic Fish and Game Limited

Unaudited Financial Statements

for the Year Ended 30th September 2024






Celtic Fish and Game Limited (Registered number: 07614294)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Celtic Fish and Game Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: G L G Bullus
Mrs S M Bullus
Mrs E K Platt
Mrs H C Bainger
Miss N J Bullus





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 07614294 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Celtic Fish and Game Limited (Registered number: 07614294)

Statement of Financial Position
30th September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 496,779 422,371
496,779 422,371

CURRENT ASSETS
Stocks 225,000 221,000
Debtors 6 436,353 506,615
Cash at bank and in hand 1,383,168 1,220,739
2,044,521 1,948,354
CREDITORS
Amounts falling due within one year 7 (747,465 ) (354,859 )
NET CURRENT ASSETS 1,297,056 1,593,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,793,835

2,015,866

CREDITORS
Amounts falling due after more than one
year

8

(37,654

)

(41,377

)

PROVISIONS FOR LIABILITIES (67,148 ) (49,970 )
NET ASSETS 1,689,033 1,924,519

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 1,639,033 1,874,519
SHAREHOLDERS' FUNDS 1,689,033 1,924,519

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Celtic Fish and Game Limited (Registered number: 07614294)

Statement of Financial Position - continued
30th September 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 25th March 2025 and were signed on its behalf by:





Mrs S M Bullus - Director


Celtic Fish and Game Limited (Registered number: 07614294)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Celtic Fish and Game 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
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 June 2011, was fully amortised during the year ended 30th September 2021.

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.
Leasehold improvements - Straight line over 15 years
Plant and machinery - 25% on cost
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 20% on cost

Depreciation is pro-rated and applied from the month of acquisition.

Leasehold Improvements, was previously being depreciated evenly over ten years. However, a review of its estimated useful life has been carried out and the remaining balance as at 30 September 2013 is being depreciated evenly over the next fourteen years, giving the improvements an estimated economic life of 15 years.

Government grants
Grants in relation to fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss account.

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 statement of financial position date.


Celtic Fish and Game Limited (Registered number: 07614294)

Notes to the Financial Statements - continued
for the Year Ended 30th September 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 statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 25 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 850,000
AMORTISATION
At 1st October 2023
and 30th September 2024 850,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

Celtic Fish and Game Limited (Registered number: 07614294)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Leasehold Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 676,798 509,687 95,712 410,509 1,692,706
Additions - 78,146 15,346 146,676 240,168
Disposals - - - (40,663 ) (40,663 )
At 30th September 2024 676,798 587,833 111,058 516,522 1,892,211
DEPRECIATION
At 1st October 2023 511,902 441,807 89,302 227,324 1,270,335
Charge for year 45,223 28,086 5,017 68,437 146,763
Eliminated on disposal - - - (21,666 ) (21,666 )
At 30th September 2024 557,125 469,893 94,319 274,095 1,395,432
NET BOOK VALUE
At 30th September 2024 119,673 117,940 16,739 242,427 496,779
At 30th September 2023 164,896 67,880 6,410 183,185 422,371

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2023 24,635
Transfer to ownership (24,635 )
At 30th September 2024 -
DEPRECIATION
At 1st October 2023 11,501
Transfer to ownership (11,501 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 13,134

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 409,030 428,062
Other debtors 27,323 78,553
436,353 506,615

Celtic Fish and Game Limited (Registered number: 07614294)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 9) - 3,788
Trade creditors 144,041 105,465
Tax 147,795 144,473
Social security and other taxes 13,391 13,490
Directors' current accounts 411,819 62,214
Accrued expenses 7,028 8,594
Deferred government grants 23,391 16,835
747,465 354,859

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Deferred government grants 37,654 41,377

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year - 3,894

Finance charges repayable:
Within one year - 106

Net obligations repayable:
Within one year - 3,788

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 1,882 6,994
Between one and five years 1,223 10,150
3,105 17,144

10. SECURED DEBTS

HSBC Bank PLC has a fixed and floating charge over the company's assets, property and undertakings for monies due or to become due in the future.

Celtic Fish and Game Limited (Registered number: 07614294)

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

11. RELATED PARTY DISCLOSURES

The company occupied a premises owned by the directors for which no rent has been charged throughout the current and previous financial year.