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REGISTERED NUMBER: 07770864 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Capital Seafoods Ltd

Capital Seafoods Ltd (Registered number: 07770864)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capital Seafoods Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: L J Ironman
J Buckley





REGISTERED OFFICE: 940 Green Lanes
London
N21 2AD





REGISTERED NUMBER: 07770864 (England and Wales)





ACCOUNTANTS: Graeme Bruce & Partners LLP
940 Green Lanes
London
N21 2AD

Capital Seafoods Ltd (Registered number: 07770864)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 180,172 131,902

CURRENT ASSETS
Stocks 159,497 166,500
Debtors 5 1,155,189 1,378,085
Cash at bank and in hand 127,817 3
1,442,503 1,544,588
CREDITORS
Amounts falling due within one year 6 1,109,082 1,244,857
NET CURRENT ASSETS 333,421 299,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,593

431,633

CREDITORS
Amounts falling due after more than one
year

7

51,703

9,066
NET ASSETS 461,890 422,567

CAPITAL AND RESERVES
Called up share capital 700 700
Capital redemption reserve 300 300
Retained earnings 460,890 421,567
461,890 422,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Capital Seafoods Ltd (Registered number: 07770864)

Balance Sheet - continued
31 March 2025


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 7 May 2025 and were signed on its behalf by:




L J Ironman - Director



J Buckley - Director


Capital Seafoods Ltd (Registered number: 07770864)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Capital Seafoods Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on cost
Plant and machinery etc - 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.

Hire purchase and leasing commitments
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 26 (2024 - 29 ) .

Capital Seafoods Ltd (Registered number: 07770864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 88,973 543,532 632,505
Additions - 104,340 104,340
Disposals - (21,424 ) (21,424 )
At 31 March 2025 88,973 626,448 715,421
DEPRECIATION
At 1 April 2024 66,626 433,977 500,603
Charge for year 5,932 44,734 50,666
Eliminated on disposal - (16,020 ) (16,020 )
At 31 March 2025 72,558 462,691 535,249
NET BOOK VALUE
At 31 March 2025 16,415 163,757 180,172
At 31 March 2024 22,347 109,555 131,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,007,604 1,236,742
Other debtors 147,585 141,343
1,155,189 1,378,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 94,739
Hire purchase contracts 36,088 7,262
Trade creditors 876,022 957,252
Taxation and social security 38,490 62,563
Other creditors 158,482 123,041
1,109,082 1,244,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 51,703 9,066

Capital Seafoods Ltd (Registered number: 07770864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
L J Ironman
Balance outstanding at start of year - 238,542
Amounts repaid - (238,542 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J Buckley
Balance outstanding at start of year - 708
Amounts repaid - (708 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -