Acorah Software Products - Accounts Production 16.2.850 false true 12 April 2024 1 June 2023 false 13 April 2024 28 February 2025 28 February 2025 05084105 Mr Guy Hoogerwerf Mrs Deborah Hoogerwerf Mr Dean Hoogerwerf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05084105 2024-04-12 05084105 2025-02-28 05084105 2024-04-13 2025-02-28 05084105 frs-core:CurrentFinancialInstruments 2025-02-28 05084105 frs-core:FurnitureFittings 2025-02-28 05084105 frs-core:FurnitureFittings 2024-04-13 2025-02-28 05084105 frs-core:FurnitureFittings 2024-04-12 05084105 frs-core:NetGoodwill 2025-02-28 05084105 frs-core:NetGoodwill 2024-04-13 2025-02-28 05084105 frs-core:NetGoodwill 2024-04-12 05084105 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 05084105 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-13 2025-02-28 05084105 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-12 05084105 frs-core:MotorVehicles 2025-02-28 05084105 frs-core:MotorVehicles 2024-04-13 2025-02-28 05084105 frs-core:MotorVehicles 2024-04-12 05084105 frs-core:PlantMachinery 2025-02-28 05084105 frs-core:PlantMachinery 2024-04-13 2025-02-28 05084105 frs-core:PlantMachinery 2024-04-12 05084105 frs-core:ShareCapital 2025-02-28 05084105 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05084105 frs-bus:PrivateLimitedCompanyLtd 2024-04-13 2025-02-28 05084105 frs-bus:FilletedAccounts 2024-04-13 2025-02-28 05084105 frs-bus:SmallEntities 2024-04-13 2025-02-28 05084105 frs-bus:AuditExempt-NoAccountantsReport 2024-04-13 2025-02-28 05084105 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-13 2025-02-28 05084105 frs-bus:Director1 2024-04-13 2025-02-28 05084105 frs-bus:Director2 2024-04-13 2025-02-28 05084105 frs-bus:Director3 2024-04-13 2025-02-28 05084105 frs-countries:EnglandWales 2024-04-13 2025-02-28 05084105 2023-05-31 05084105 2024-04-12 05084105 2023-06-01 2024-04-12 05084105 frs-core:CurrentFinancialInstruments 2024-04-12 05084105 frs-core:ShareCapital 2024-04-12 05084105 frs-core:RetainedEarningsAccumulatedLosses 2024-04-12
Registered number: 05084105
SEAKING FISHERIES LIMITED
Unaudited Financial Statements
For the Period 13 April 2024 to 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05084105
28 February 2025 12 April 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 141,064 136,032
141,064 136,032
CURRENT ASSETS
Stocks 6 16,315 13,417
Debtors 7 100,057 92,878
Cash at bank and in hand 110,333 45,547
226,705 151,842
Creditors: Amounts Falling Due Within One Year 8 (158,170 ) (114,804 )
NET CURRENT ASSETS (LIABILITIES) 68,535 37,038
TOTAL ASSETS LESS CURRENT LIABILITIES 209,599 173,070
NET ASSETS 209,599 173,070
CAPITAL AND RESERVES
Called up share capital 9 600 600
Profit and Loss Account 208,999 172,470
SHAREHOLDERS' FUNDS 209,599 173,070
Page 1
Page 2
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Guy Hoogerwerf
Director
2nd April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SEAKING FISHERIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05084105 . The registered office is Units 11-13, Wyre Dock, Fleetwood.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold n/a
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
28 February 2025 12 April 2024
Office and administration 3 3
Sales, marketing and distribution 6 6
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 13 April 2024 10,000
As at 28 February 2025 10,000
Amortisation
As at 13 April 2024 10,000
As at 28 February 2025 10,000
Net Book Value
As at 28 February 2025 -
As at 13 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 13 April 2024 76,302 59,342 30,835 39,518 205,997
Additions - 26,618 - - 26,618
As at 28 February 2025 76,302 85,960 30,835 39,518 232,615
Depreciation
As at 13 April 2024 - 36,952 23,134 9,879 69,965
Provided during the period - 12,252 1,925 7,409 21,586
As at 28 February 2025 - 49,204 25,059 17,288 91,551
...CONTINUED
Page 4
Page 5
Net Book Value
As at 28 February 2025 76,302 36,756 5,776 22,230 141,064
As at 13 April 2024 76,302 22,390 7,701 29,639 136,032
6. Stocks
28 February 2025 12 April 2024
£ £
Finished goods 16,315 13,417
7. Debtors
28 February 2025 12 April 2024
£ £
Due within one year
Trade debtors 99,156 86,569
VAT 901 6,309
100,057 92,878
8. Creditors: Amounts Falling Due Within One Year
28 February 2025 12 April 2024
£ £
Trade creditors 133,819 109,111
Corporation tax 18,644 2,393
Other taxes and social security 2,307 -
Accruals and deferred income 3,400 3,300
158,170 114,804
9. Share Capital
28 February 2025 12 April 2024
£ £
Allotted, Called up and fully paid 600 600
Page 5