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REGISTERED NUMBER: 08593929 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MARINER FOODS TRADING LIMITED

MARINER FOODS TRADING LIMITED (REGISTERED NUMBER: 08593929)






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


MARINER FOODS TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M Gudmundsson
O E Jonsson





REGISTERED OFFICE: Atlantic Fresh
Grimsby Fish Market
Wharncliffe Road
Grimsby
N E Lincolnshire
DN31 3QJ





REGISTERED NUMBER: 08593929 (England and Wales)





ACCOUNTANTS: D Flynn Associates Limited
Chartered Certified Accountants
and Business Advisors
23 Chantry Lane
Grimsby
N E Lincolnshire
DN31 2LP

MARINER FOODS TRADING LIMITED (REGISTERED NUMBER: 08593929)

BALANCE SHEET
31 DECEMBER 2024

31.12.23 31.12.24
£    £    Notes £   
FIXED ASSETS
- Intangible assets 4 80,000
566,877 Tangible assets 5 505,838
566,877 585,838

CURRENT ASSETS
79,604 Stocks 53,087
2,261,156 Debtors 6 2,363,266
609,141 Cash at bank 1,289,613
2,949,901 3,705,966
CREDITORS
891,695 Amounts falling due within one year 7 1,147,368
2,058,206 NET CURRENT ASSETS 2,558,598
2,625,083 TOTAL ASSETS LESS CURRENT
LIABILITIES

3,144,436

CREDITORS
(28,348 ) Amounts falling due after more than one year 8 (18,899 )

(128,098 ) PROVISIONS FOR LIABILITIES (126,459 )
2,468,637 NET ASSETS 2,999,078

CAPITAL AND RESERVES
100 Called up share capital 100
2,468,537 Retained earnings 2,998,978
2,468,637 2,999,078

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.

MARINER FOODS TRADING LIMITED (REGISTERED NUMBER: 08593929)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:




O E Jonsson - Director



M Gudmundsson - Director


MARINER FOODS TRADING LIMITED (REGISTERED NUMBER: 08593929)

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

1. STATUTORY INFORMATION

Mariner Foods Trading 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.

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, being the amount paid in connection with the acquisition of a business in 2024, is being amortised over 5 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.
Plant and machinery etc - 10% on cost

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.

MARINER FOODS TRADING LIMITED (REGISTERED NUMBER: 08593929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 21 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 20,000
Additions 100,000
At 31 December 2024 120,000
AMORTISATION
At 1 January 2024 20,000
Charge for year 20,000
At 31 December 2024 40,000
NET BOOK VALUE
At 31 December 2024 80,000
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 957,589
Additions 63,836
At 31 December 2024 1,021,425
DEPRECIATION
At 1 January 2024 390,712
Charge for year 124,875
At 31 December 2024 515,587
NET BOOK VALUE
At 31 December 2024 505,838
At 31 December 2023 566,877

MARINER FOODS TRADING LIMITED (REGISTERED NUMBER: 08593929)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,168,507 2,013,394
Other debtors 194,759 247,762
2,363,266 2,261,156

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 785,463 662,429
Taxation and social security 244,856 169,445
Other creditors 117,049 59,821
1,147,368 891,695

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 18,899 28,348