Grimsby Fish Dock Enterprises Limited 02603681 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is Marine fishing Digita Accounts Production Advanced 6.30.9574.0 true true false 02603681 2024-07-01 2025-06-30 02603681 2025-06-30 02603681 bus:OrdinaryShareClass1 2025-06-30 02603681 core:CapitalRedemptionReserve 2025-06-30 02603681 core:RetainedEarningsAccumulatedLosses 2025-06-30 02603681 core:ShareCapital 2025-06-30 02603681 core:CurrentFinancialInstruments 2025-06-30 02603681 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 02603681 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 02603681 core:OtherResidualIntangibleAssets 2025-06-30 02603681 core:ConstructionInProgressAssetsUnderConstruction 2025-06-30 02603681 core:FurnitureFittingsToolsEquipment 2025-06-30 02603681 core:LandBuildings 2025-06-30 02603681 core:MotorVehicles 2025-06-30 02603681 core:OtherPropertyPlantEquipment 2025-06-30 02603681 bus:SmallEntities 2024-07-01 2025-06-30 02603681 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 02603681 bus:FilletedAccounts 2024-07-01 2025-06-30 02603681 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02603681 bus:RegisteredOffice 2024-07-01 2025-06-30 02603681 bus:CompanySecretaryDirector1 2024-07-01 2025-06-30 02603681 bus:Director10 2024-07-01 2025-06-30 02603681 bus:Director11 2024-07-01 2025-06-30 02603681 bus:Director2 2024-07-01 2025-06-30 02603681 bus:Director3 2024-07-01 2025-06-30 02603681 bus:Director4 2024-07-01 2025-06-30 02603681 bus:Director5 2024-07-01 2025-06-30 02603681 bus:Director6 2024-07-01 2025-06-30 02603681 bus:Director7 2024-07-01 2025-06-30 02603681 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 02603681 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02603681 core:ComputerSoftware 2024-07-01 2025-06-30 02603681 core:OtherResidualIntangibleAssets 2024-07-01 2025-06-30 02603681 core:Buildings 2024-07-01 2025-06-30 02603681 core:ConstructionInProgressAssetsUnderConstruction 2024-07-01 2025-06-30 02603681 core:FurnitureFittings 2024-07-01 2025-06-30 02603681 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 02603681 core:LandBuildings 2024-07-01 2025-06-30 02603681 core:MotorCars 2024-07-01 2025-06-30 02603681 core:MotorVehicles 2024-07-01 2025-06-30 02603681 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 02603681 core:PlantMachinery 2024-07-01 2025-06-30 02603681 countries:UnitedKingdom 2024-07-01 2025-06-30 02603681 2024-06-30 02603681 core:OtherResidualIntangibleAssets 2024-06-30 02603681 core:CostValuation 2024-06-30 02603681 core:ConstructionInProgressAssetsUnderConstruction 2024-06-30 02603681 core:FurnitureFittingsToolsEquipment 2024-06-30 02603681 core:LandBuildings 2024-06-30 02603681 core:MotorVehicles 2024-06-30 02603681 core:OtherPropertyPlantEquipment 2024-06-30 02603681 2023-07-01 2024-06-30 02603681 2024-06-30 02603681 bus:OrdinaryShareClass1 2024-06-30 02603681 core:CapitalRedemptionReserve 2024-06-30 02603681 core:RetainedEarningsAccumulatedLosses 2024-06-30 02603681 core:ShareCapital 2024-06-30 02603681 core:CurrentFinancialInstruments 2024-06-30 02603681 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02603681 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 02603681 core:OtherResidualIntangibleAssets 2024-06-30 02603681 core:ConstructionInProgressAssetsUnderConstruction 2024-06-30 02603681 core:FurnitureFittingsToolsEquipment 2024-06-30 02603681 core:LandBuildings 2024-06-30 02603681 core:MotorVehicles 2024-06-30 02603681 core:OtherPropertyPlantEquipment 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02603681

Grimsby Fish Dock Enterprises Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Grimsby Fish Dock Enterprises Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Grimsby Fish Dock Enterprises Limited

Company Information

Directors | M H Boyers A C Oliver M A Johnson D B Payne B Walker P Bjornsson A J Allard D J Flear S M Dwyer

Company secretary | M H Boyers

Registered office | Wharncliffe Road Fish Docks Grimsby N E Lincs DN31 3QJ

Grimsby Fish Dock Enterprises Limited

(Registration number: 02603681)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 49,054 | 5,688
Tangible assets | 5 | 4,242,961 | 4,245,867
Investments | 6 | 308 | 308
|  | 4,292,323 | 4,251,863
Current assets |  |  |
Debtors | 7 | 1,792,991 | 752,490
Cash at bank and in hand |  | 1,096,868 | 2,302,727
|  | 2,889,859 | 3,055,217
Creditors: Amounts falling due within one year | 8 | (2,454,590) | (2,496,717)
Net current assets |  | 435,269 | 558,500
Total assets less current liabilities |  | 4,727,592 | 4,810,363
Creditors: Amounts falling due after more than one year | 8 | (578,930) | (759,972)
Provisions for liabilities |  | (62,791) | (126,469)
Net assets |  | 4,085,871 | 3,923,922
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,400
Capital redemption reserve |  | 800 | 400
Retained earnings |  | 4,084,071 | 3,922,122
Shareholders' funds |  | 4,085,871 | 3,923,922

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2025 and signed on its behalf by:

Grimsby Fish Dock Enterprises Limited

(Registration number: 02603681)
Balance Sheet as at 30 June 2025

......................................... M H Boyers Company secretary and director |  |

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The Company is a private company limited by share capital, incorporated in United Kingdom and the company registration number is 02603681.

The address of its registered office is:
Wharncliffe Road
Fish Docks
Grimsby
N E Lincs
DN31 3QJ

These financial statements were authorised for issue by the Board on 13 October 2025.

The company is a parent company but is exempt from the requirement to prepare consolidated financial statements in accordance with section 399 (2a) of the Companies Act 2006, as the group qualifies as a small group. These financial statements therefore present information about the company as an individual entity and not about its group.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and Buildings | 2% and 5% straight line basis
Improvements to Property | 2% and 5% straight line basis
Fixtures and Fittings | 10% and 33% straight line basis
Plant and Machinery | 5%, 10%, 20% and 33% straight line basis
Motor Vehicles | 25% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Company in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Company includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Asset class | Amortisation method and rate
Computer software | 20% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 31 (2024 - 31).

4 | Intangible assets

| Computer Software £ | Total £
Cost or valuation
At 1 July 2024 | 15,950 | 15,950
Additions acquired separately | 51,418 | 51,418
At 30 June 2025 | 67,368 | 67,368
Amortisation
At 1 July 2024 | 10,262 | 10,262
Amortisation charge | 8,052 | 8,052
At 30 June 2025 | 18,314 | 18,314
Carrying amount
At 30 June 2025 | 49,054 | 49,054
At 30 June 2024 | 5,688 | 5,688

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Improvements to property £ | Plant and machinery £ | Total £
Cost or valuation
At 1 July 2024 | 7,110,676 | 981,813 | 237,452 | 992,001 | 6,973,880 | 16,295,822
Additions | 250,786 | 4,712 | - | - | 384,215 | 639,713
At 30 June 2025 | 7,361,462 | 986,525 | 237,452 | 992,001 | 7,358,095 | 16,935,535
Depreciation
At 1 July 2024 | 4,626,208 | 967,322 | 107,973 | 229,872 | 6,118,580 | 12,049,955
Charge for the year | 174,629 | 6,919 | 38,527 | 29,896 | 392,648 | 642,619
At 30 June 2025 | 4,800,837 | 974,241 | 146,500 | 259,768 | 6,511,228 | 12,692,574
Carrying amount
At 30 June 2025 | 2,560,625 | 12,284 | 90,952 | 732,233 | 846,867 | 4,242,961
At 30 June 2024 | 2,484,467 | 14,492 | 129,479 | 762,129 | 855,300 | 4,245,867

Included within the net book value of land and buildings above is £2,560,625 (2024 - £2,484,467) in respect of freehold land and buildings.

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 308 | 308

Subsidiaries | £
Cost or valuation
At 1 July 2024 | 308
Provision
Carrying amount
At 30 June 2025 | 308
At 30 June 2024 | 308

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 271,807 | 325,633
Amounts owed by related parties |  | 112,453 | 124,428
Prepayments |  | 355,088 | 300,704
Other debtors |  | 1,053,643 | 1,725
|  | 1,792,991 | 752,490

Grimsby Fish Dock Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | - | 20,000
Trade creditors |  | 482,644 | 363,424
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest |  | - | 488
Taxation and social security |  | 80,160 | 206,680
Accruals and deferred income |  | 1,828,475 | 1,865,686
Other creditors |  | 63,311 | 40,439
|  | 2,454,590 | 2,496,717

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Government grants | 578,930 | 759,972

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 1,000 | 1,000 | 1,400 | 1,400

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £10,010 (2024 - £15,470).