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REGISTERED NUMBER: 05016474 (England and Wales)











UNIQUE SEAFOOD (EAST) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






UNIQUE SEAFOOD (EAST) LTD (REGISTERED NUMBER: 05016474)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


UNIQUE SEAFOOD (EAST) LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: H Nissen
L A Perry





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 05016474 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

UNIQUE SEAFOOD (EAST) LTD (REGISTERED NUMBER: 05016474)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 67,524 23,366

CURRENT ASSETS
Stocks 1,063,854 564,343
Debtors 5 121,785 70,499
Cash at bank 38,359 211,301
1,223,998 846,143
CREDITORS
Amounts falling due within one year 6 731,729 343,120
NET CURRENT ASSETS 492,269 503,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,793

526,389

CREDITORS
Amounts falling due after more than one year 7 (17,063 ) -

PROVISIONS FOR LIABILITIES (16,881 ) -
NET ASSETS 525,849 526,389

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 510,849 511,389
SHAREHOLDERS' FUNDS 525,849 526,389

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 29 May 2025 and were signed on its behalf by:



H Nissen - Director



L A Perry - Director


UNIQUE SEAFOOD (EAST) LTD (REGISTERED NUMBER: 05016474)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Unique Seafood (East) 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.

Going concern
The directors have reviewed the post year end financial information available at the time of approving these financial statements and have concluded that the financial statements should be prepared on a going concern basis.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates.

Stock valuation is reviewed at the end of the year and key assumptions are made in relation to net realisable values and obsolete or slow-moving stocks. Where necessary the directors include a provision against the stock value.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost and 25% on reducing balance
Fixtures and fittings - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 25% on cost and 25% on reducing balance

The company has previously depreciated fixed assets using the reducing balance method at 25% per year. It now depreciates these assets using the straight line method over 4 years as it believes this better reflects the pattern of consumption of economic benefits.

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 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.


UNIQUE SEAFOOD (EAST) LTD (REGISTERED NUMBER: 05016474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 61,793 8,893 68,934 31,687 171,307
Additions - - 70,345 549 70,894
Disposals - - (34,244 ) - (34,244 )
At 31 December 2024 61,793 8,893 105,035 32,236 207,957
DEPRECIATION
At 1 January 2024 59,397 8,604 54,484 25,456 147,941
Charge for year 845 248 14,474 2,608 18,175
Eliminated on disposal - - (25,683 ) - (25,683 )
At 31 December 2024 60,242 8,852 43,275 28,064 140,433
NET BOOK VALUE
At 31 December 2024 1,551 41 61,760 4,172 67,524
At 31 December 2023 2,396 289 14,450 6,231 23,366

UNIQUE SEAFOOD (EAST) LTD (REGISTERED NUMBER: 05016474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. 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 January 2024 34,244
Additions 48,345
Disposals (34,244 )
At 31 December 2024 48,345
DEPRECIATION
At 1 January 2024 21,402
Charge for year 10,324
Eliminated on disposal (25,683 )
At 31 December 2024 6,043
NET BOOK VALUE
At 31 December 2024 42,302
At 31 December 2023 12,842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 76,565 40,007
Other debtors 45,220 30,492
121,785 70,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,416 6,218
Trade creditors 699,094 307,284
Taxation and social security 13,169 7,422
Other creditors 8,050 22,196
731,729 343,120

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 17,063 -

UNIQUE SEAFOOD (EAST) LTD (REGISTERED NUMBER: 05016474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP