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REGISTERED NUMBER: 06950070 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MOORCROFT SEAFOODS LIMITED

MOORCROFT SEAFOODS LIMITED (REGISTERED NUMBER: 06950070)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOORCROFT SEAFOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr A Moorcroft





REGISTERED OFFICE: Unit 12b Grimsby Seafood Village
Wickham Road
Grimsby
DN31 3SX





REGISTERED NUMBER: 06950070 (England and Wales)





ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

MOORCROFT SEAFOODS LIMITED (REGISTERED NUMBER: 06950070)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 29,024 34,722
Tangible assets 5 104,242 104,522
133,266 139,244

CURRENT ASSETS
Stocks 6 57,544 35,749
Debtors 7 229,247 194,527
Cash at bank and in hand 43,417 19,317
330,208 249,593
CREDITORS
Amounts falling due within one year 8 312,477 224,993
NET CURRENT ASSETS 17,731 24,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,997

163,844

CREDITORS
Amounts falling due after more than one
year

9

(38,833

)

(58,361

)

PROVISIONS FOR LIABILITIES (27,109 ) (27,698 )
NET ASSETS 85,055 77,785

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 84,955 77,685
85,055 77,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MOORCROFT SEAFOODS LIMITED (REGISTERED NUMBER: 06950070)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





Mr A Moorcroft - Director


MOORCROFT SEAFOODS LIMITED (REGISTERED NUMBER: 06950070)

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


1. STATUTORY INFORMATION

Moorcroft Seafoods 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 is amortised over it's useful economic life of between 10-17 years.

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.
Plant and machinery - 20% Straight Line
Motor vehicles - 20% Straight Line
Computer equipment - 20% Straight Line

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 Profit and Loss Account, 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
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.

MOORCROFT SEAFOODS LIMITED (REGISTERED NUMBER: 06950070)

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


2. ACCOUNTING POLICIES - continued

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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 86,981
AMORTISATION
At 1 September 2023 52,259
Amortisation for year 5,698
At 31 August 2024 57,957
NET BOOK VALUE
At 31 August 2024 29,024
At 31 August 2023 34,722

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 130,751 175,287 11,218 317,256
Additions 6,893 30,665 4,014 41,572
At 31 August 2024 137,644 205,952 15,232 358,828
DEPRECIATION
At 1 September 2023 94,615 112,163 5,956 212,734
Charge for year 18,291 21,664 1,897 41,852
At 31 August 2024 112,906 133,827 7,853 254,586
NET BOOK VALUE
At 31 August 2024 24,738 72,125 7,379 104,242
At 31 August 2023 36,136 63,124 5,262 104,522

MOORCROFT SEAFOODS LIMITED (REGISTERED NUMBER: 06950070)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 57,850
Additions 22,490
At 31 August 2024 80,340
DEPRECIATION
At 1 September 2023 4,967
Charge for year 14,188
At 31 August 2024 19,155
NET BOOK VALUE
At 31 August 2024 61,185
At 31 August 2023 52,883

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 57,544 35,749

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 222,671 186,561
Other debtors 6,576 7,966
229,247 194,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 19,000 19,000
Hire purchase contracts 20,228 11,155
Trade creditors 206,228 137,687
Taxation and social security 21,871 36,143
Other creditors 45,150 21,008
312,477 224,993

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 12,666 31,666
Hire purchase contracts 26,167 26,695
38,833 58,361