REGISTERED NUMBER: 08010725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Fat Seagull Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Hallsworth

Mrs C T Hallsworth

REGISTERED OFFICE:

4 Yorke Street

Hucknall

Nottinghamshire

NG15 7BT

REGISTERED NUMBER:

08010725 (England and Wales)

ACCOUNTANTS:

Smith Cookson

Chartered Accountants

4 Yorke Street

Hucknall

Nottinghamshire

NG15 7BT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,974

12,656

12,974

12,656

CURRENT ASSETS

Stocks

6

890

870

Debtors

7

23,351

68,500

Cash in hand

2,079

1,000

26,320

70,370

CREDITORS

Amounts falling due within one year

8

20,601

19,640

NET CURRENT ASSETS

5,719

50,730

TOTAL ASSETS LESS CURRENT LIABILITIES

18,693

63,386

CREDITORS

Amounts falling due after more than one year

9

(18,686

)

(23,190

)

PROVISIONS FOR LIABILITIES

-

(2,134

)

NET ASSETS

7

38,062

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10

5

38,060

SHAREHOLDERS' FUNDS

7

38,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 September 2025 and were signed on its behalf by:

M S Hallsworth - Director

1.	STATUTORY INFORMATION

The Fat Seagull 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 as modified by the revaluation of certain assets.

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 2012. Goodwill has been fully amortised.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

Government grants

Government grants received as a contribution towards expenditure on a fixed asset are released over the life of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

51,626

23,901

75,527

Additions

4,647

-

4,647

At 31 March 2025

56,273

23,901

80,174

DEPRECIATION

At 1 April 2024

41,843

21,028

62,871

Charge for year

3,611

718

4,329

At 31 March 2025

45,454

21,746

67,200

NET BOOK VALUE

At 31 March 2025

10,819

2,155

12,974

At 31 March 2024

9,783

2,873

12,656

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

890

870

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

-

62,844

Directors' current accounts

16,263

-

Tax

629

-

VAT

2,579

4,731

Prepayments and accrued income

3,880

925

23,351

68,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

11,497

13,752

Trade creditors

4,758

810

Corporation tax

-

629

Social security and other taxes

620

502

Wages control account

622

1,420

Directors' current accounts

-

11

Accruals and deferred income

3,046

2,439

Deferred government grants

58

77

20,601

19,640

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

4,445

4,445

Bank loans to be repaid

between 2 & 5 years by

instalments

14,067

18,513

Deferred government grants

174

232

18,686

23,190

10.

RESERVES

Retained

earnings

£

At 1 April 2024

38,060

Deficit for the year

(37,185

)

Dividends

(870

)

At 31 March 2025

5

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M S Hallsworth and Mrs C T Hallsworth

Balance outstanding at start of year

-

-

Amounts advanced

16,263

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,263

-

The above loan was repaid in full on 26th September 2025.