Shrimpaio Limited - Filleted accounts

Registered number

12571066

Shrimpaio Limited

Unaudited Filleted Accounts

31 May 2024

Shrimpaio Limited
Registered number:		12571066
Balance Sheet
as at 31 May 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		-			945

Current assets
Debtors	4	16,325			16,241
Cash at bank and in hand		-			42
		16,325			16,283

Creditors: amounts falling due within one year	5	(5,622)			(5,142)

Net current assets			10,703			11,141

Net assets			10,703			12,086

Capital and reserves
Called up share capital			100			100
Profit and loss account			10,603			11,986

Shareholder's funds			10,703			12,086

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




James Hutchinson
Director
Approved by the board on 23 May 2025

Shrimpaio Limited
Notes to the Accounts
for the year ended 31 May 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	4 years straight line basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 June 2023				1,749
	Disposals				(1,749)
	At 31 May 2024				-

	Depreciation
	At 1 June 2023				804
	On disposals				(804)
	At 31 May 2024				-

	Net book value
	At 31 May 2024				-
	At 31 May 2023				945


4	Debtors		2024		2023
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		16,325		10,051
	Other debtors		-		6,190
			16,325		16,241


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		1,283		1,283
	Other creditors		4,339		3,859
			5,622		5,142


6	Other information

	Shrimpaio Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6 Northlands Road
	Southampton
	Hampshire
	SO15 2LF


7	Related party transactions

	The company is a fully owned subsidiary. FRS 102 does not require disclosure of transactions
	entered into between two or more members of a group, provided that any subsidiary undertaking
	which is party to the transaction is wholly owned by such a member.


8	Controlling party

	The ultimate parent company is Shrimp Group Limited. That company has the same Registered
	Office address as Shrimpaio Limited.