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REGISTERED NUMBER: 04609059











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COASTAL SHELLFISH LIMITED

COASTAL SHELLFISH LIMITED (REGISTERED NUMBER: 04609059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COASTAL SHELLFISH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M A Blake
D J Blake
A M Blake
A Blake





SECRETARY: M A Blake





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 04609059





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

COASTAL SHELLFISH LIMITED (REGISTERED NUMBER: 04609059)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,000 135,000
Tangible assets 5 623,699 657,702
743,699 792,702

CURRENT ASSETS
Debtors 6 992,692 1,162,701
Cash at bank 560,293 453,434
1,552,985 1,616,135
CREDITORS
Amounts falling due within one year 7 177,700 211,576
NET CURRENT ASSETS 1,375,285 1,404,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,118,984

2,197,261

CREDITORS
Amounts falling due after more than one
year

8

(310,625

)

(328,125

)

PROVISIONS FOR LIABILITIES (38,539 ) (33,891 )
NET ASSETS 1,769,820 1,835,245

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 1,769,817 1,835,242
SHAREHOLDERS' FUNDS 1,769,820 1,835,245

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

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

COASTAL SHELLFISH LIMITED (REGISTERED NUMBER: 04609059)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





M A Blake - Director


COASTAL SHELLFISH LIMITED (REGISTERED NUMBER: 04609059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Coastal Shellfish Limited ia 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) from the wholesale of shellfish, which is recognised on the exchange of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

COASTAL SHELLFISH LIMITED (REGISTERED NUMBER: 04609059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 300,000
AMORTISATION
At 1 January 2024 165,000
Amortisation for year 15,000
At 31 December 2024 180,000
NET BOOK VALUE
At 31 December 2024 120,000
At 31 December 2023 135,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 489,109 564,693 1,053,802
Additions - 18,995 18,995
Disposals - (31,789 ) (31,789 )
At 31 December 2024 489,109 551,899 1,041,008
DEPRECIATION
At 1 January 2024 9,782 386,318 396,100
Charge for year 9,782 33,158 42,940
Eliminated on disposal - (21,731 ) (21,731 )
At 31 December 2024 19,564 397,745 417,309
NET BOOK VALUE
At 31 December 2024 469,545 154,154 623,699
At 31 December 2023 479,327 178,375 657,702

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 284,714 328,511
Amounts owed by group undertakings 615,303 613,427
Other debtors 92,675 220,763
992,692 1,162,701

COASTAL SHELLFISH LIMITED (REGISTERED NUMBER: 04609059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 17,500 17,500
Trade creditors 61,002 57,464
Taxation and social security 92,293 130,031
Other creditors 6,905 6,581
177,700 211,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 310,625 328,125

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 240,625 258,125

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 328,125 345,625

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
3 Ordinary £1 3 3

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A Blake
Balance outstanding at start of year 152,609 -
Amounts advanced - 152,609
Amounts repaid (100,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52,609 152,609