Dartmouth Crab Company Limited

Registered number

06793970

Report and Unaudited Accounts

31 March 2025

Dartmouth Crab Company Limited
Registered number:		06793970
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		675,947			730,133

Current assets
Debtors	4	631,993			762,103
Cash at bank and in hand		20,730			30,828
		652,723			792,931

Creditors: amounts falling due within one year	5	(496,211)			(494,601)

Net current assets			156,512			298,330

Total assets less current liabilities			832,459			1,028,463

Creditors: amounts falling due after more than one year	6		(42,670)			(102,170)

Provisions for liabilities			(50,602)			(60,473)


Net assets			739,187			865,820

Capital and reserves
Called up share capital			2			2
Profit and loss account			739,185			865,818

Shareholder's funds			739,187			865,820

The directors are 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 directors acknowledge their 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.




R J Mitchelmore
Director
Approved by the board on 1 September 2025

Dartmouth Crab Company Limited
Notes to the Accounts
for the year ended 31 March 2025


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:
	Property improvements			5 year straight line (where applicable)
	Plant and machinery			20% reducing balance basis
	Motor vehicles			20% reducing balance 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					22		22


3	Tangible fixed assets
		Property		Plant and machinery etc		Motor Vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	452,398		300,512		506,943		1,259,853
	Additions	-		5,892		-		5,892
	Disposals	-		(35,305)		(10,150)		(45,455)
	At 31 March 2025	452,398		271,099		496,793		1,220,290

	Depreciation
	At 1 April 2024	7,354		239,019		283,347		529,720
	Charge for the year	-		12,944		44,557		57,501
	On disposals	-		(33,538)		(9,340)		(42,878)
	At 31 March 2025	7,354		218,425		318,564		544,343

	Net book value
	At 31 March 2025	445,044		52,674		178,229		675,947
	At 31 March 2024	445,044		61,493		223,596		730,133


4	Debtors					2025		2024
£							£

	Trade debtors					540,362		670,684
	Other debtors					56,360		56,148
	AB Seafoods Ltd intercompany account					35,271		35,271
						631,993		762,103


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					60,000		60,000
	Trade creditors					370,436		408,251
	Corporation tax					-		137
	Other taxes and social security costs					41,028		17,522
	Other creditors					24,747		8,691
						496,211		494,601


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					10,000		70,000
	Director's loan account					32,670		32,170
						42,670		102,170

7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					70,000		130,000

	The loan is secured by a fixed and floating charge over all the property or undertaking of the company.


8	Related party transactions					2025		2024
£							£
	R J Michelmore
	Director
	Included in purchases are amounts payable to a business in which the director is a partner amounting to £4,571,472 (2024: £5,034,750), also an amount of £90,659 (2024: £70,337) payable to a company in which the director is also a director. Included in sales are amounts due to a company in which the director is also a director amounting to £1,343,348 (2024: £409,580). These transactions were undertaken under normal market conditions, on a commercial basis and at "arms length". During the year certain expenses were paid on behalf of a company in which the director is also a director. During the year the director provided a loan to the company, this loan is interest free and has no fixed repayment date.

	Loan amount due from (to) the director					(32,670)		(32,170)

	AB Seafoods Ltd
	During the year there was a loan to AB Seafoods Ltd, this is a company in which the director is also a director.

	Due from AB Seafoods Ltd					35,271		35,271

	Mrs L Mitchelmore (resigned 01 April 2025)
	Director
	Included in purchases are amounts payable to a business in which the director is a partner amounting to £4,571,472 (2024: £5,034,570). These transactions were undertaken under normal market conditions, on a commercial basis and at "arms length".
9	Controlling party

	In the opinion of the directors, the company is controlled by R J Mitchelmore who owns all the issued shares of the company.

10	Other information

	Dartmouth Crab Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	First Floor Offices, New Fish Quay
	The Quay
	Brixham
	Devon
	TQ5 8AW