Fish Gourmet Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00862473 (England and Wales)

FISH GOURMET LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Glen Neil Dowie

Roy Dowie

SECRETARY:

Glen Neil Dowie

REGISTERED OFFICE:

3 Sterling Court

Norton Road

Stevenage

Hertfordshire

SG1 2LX

REGISTERED NUMBER:

00862473 (England and Wales)

BANKERS:

Lloyds Bank plc

Cromwell House

142 High Street

Stevenage

Hertfordshire

FIXED ASSETS

Tangible assets

5

473,129

539,276

CURRENT ASSETS

Stocks

3,301,994

1,025,814

Debtors

6

464,394

472,912

Cash at bank

2,075,986

3,585,907

5,842,374

5,084,633

CREDITORS

Amounts falling due within one year

7

1,108,022

1,132,101

NET CURRENT ASSETS

4,734,352

3,952,532

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,207,481

4,491,808

PROVISIONS FOR LIABILITIES

26,233

39,535

NET ASSETS

5,181,248

4,452,273

CAPITAL AND RESERVES

Called up share capital

8

7,350

Capital redemption reserve

9

2,650

Retained earnings

9

5,171,248

4,442,273

SHAREHOLDERS' FUNDS

5,181,248

4,452,273

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th April 2025 and were signed on its behalf by:

Glen Neil Dowie - Director

1.	STATUTORY INFORMATION

Fish Gourmet 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have been consistently applied within the same accounts.

Turnover

Income is recognised when sales of goods have been delivered to customers and as such risks and rewards of ownership have been transferred to them. The amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

25% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% 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 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.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount an impairment amount is recognised in the profit and loss account unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

£

COST

At 1st January 2024

539,457

83,836

154,385

Disposals

-

At 31st December 2024

539,457

83,836

154,385

DEPRECIATION

At 1st January 2024

226,962

17,683

141,723

Charge for year

10,789

1,701

4,326

Eliminated on disposal

-

At 31st December 2024

237,751

19,384

146,049

NET BOOK VALUE

At 31st December 2024

301,706

64,452

8,336

At 31st December 2023

312,495

66,153

12,662

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1st January 2024

15,734

570,748

1,364,160

Disposals

-

(103,665

)

(103,665

)

At 31st December 2024

15,734

467,083

1,260,495

DEPRECIATION

At 1st January 2024

15,734

422,782

824,884

Charge for year

-

49,331

66,147

Eliminated on disposal

-

(103,665

)

(103,665

)

At 31st December 2024

15,734

368,448

787,366

NET BOOK VALUE

At 31st December 2024

-

98,635

473,129

At 31st December 2023

-

147,966

539,276

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

266,404

413,870

Other debtors

38,930

51,848

Directors' current accounts

150,000

-

Prepayments

9,060

7,194

464,394

472,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

841,315

945,713

Tax

260,457

180,488

Accrued expenses

6,250

5,900

1,108,022

1,132,101

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

3,750

Ordinary

£1

2,350

5,000

Deferred

£1

5,000

7,350

Ordinary shares carry voting rights and the right to any distributable profits.

Deferred shares carry no voting rights and no rights to any distributable profits.

In the event of a winding up, holders of deferred shares will be entitled to a payment of £1 per share, with the balance of assets distributed to the holders of ordinary shares.

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1st January 2024

4,442,273

2,650

4,444,923

Profit for the year

728,975

At 31st December 2024

5,171,248

2,650

5,173,898

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

The Report of the Auditors was unqualified.

Christopher Hession (Senior Statutory Auditor)

for and on behalf of BK Plus Audit Limited

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

Glen Neil Dowie

Balance outstanding at start of year

-

Amounts advanced

150,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

150,000

-