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Registered number: 08081284

Ocean Bay Seafoods Limited

ACCOUNTS

FOR THE YEAR ENDED 28/02/2025

Prepared By:

M E Strom Limited

CPAA

333-335

High Street

Bangor

Gwynedd

LL57 1YA

Ocean Bay Seafoods Limited

ACCOUNTS

FOR THE YEAR ENDED 28/02/2025

DIRECTORS

Richard Huw Williams

REGISTERED OFFICE

Holland Park Industrial Estate

Cyttir Road

Holyhead

Anglesey

LL65 2PU

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 08081284

ACCOUNTANTS

M E Strom Limited

CPAA

333-335

High Street

Bangor

Gwynedd

LL57 1YA

Ocean Bay Seafoods Limited

ACCOUNTS
FOR THEYEARENDED28/02/2025
CONTENTS
		Page
Directors' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Ocean Bay Seafoods Limited

BALANCE SHEET AT 28/02/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Intangible assets		3				79,332				79,332
Tangible assets		4				73,636				65,676
						152,968				145,008
CURRENT ASSETS
Stock				10,000				19,000
Debtors		6		244,457				117,879
Cash at bank and in hand				52,752				3,387
				307,209				140,266
CREDITORS: Amounts falling due within one year		7		313,565				146,230
NET CURRENT LIABILITIES						(6,356)				(5,964)
TOTAL ASSETS LESS CURRENT LIABILITIES						146,612				139,044
CREDITORS: Amounts falling due after more than one year		8				35,304				35,700
NET ASSETS						111,308				103,344
CAPITAL AND RESERVES
Called up share capital		9				1				1
Profit and loss account						111,307				103,343
SHAREHOLDERS' FUNDS						111,308				103,344
For the year ending 28/02/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/11/2025 and signed on their behalf by
.............................
Richard Huw Williams
Director

Ocean Bay Seafoods Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28/02/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Equipment		straight line 33%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Ocean Bay Seafoods Limited

2. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				4		4

3. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 29/02/2024		79,332		79,332
At 28/02/2025		79,332		79,332
Depreciation
At 28/02/2025		-		-
Net Book Amounts
At 28/02/2025		79,332		79,332
At 28/02/2024		79,332		79,332

4. TANGIBLE FIXED ASSETS
		Plant and		Commercial
		Machinery		Vehicles		Equipment		Total
		£		£		£		£
Cost
At 29/02/2024		24,744		103,440		5,592		133,776
Additions		5,150		26,851		-		32,001
At 28/02/2025		29,894		130,291		5,592		165,777
Depreciation
At 29/02/2024		7,265		56,864		3,971		68,100
For the year		5,150		18,357		534		24,041
At 28/02/2025		12,415		75,221		4,505		92,141
Net Book Amounts
At 28/02/2025		17,479		55,070		1,087		73,636
At 28/02/2024		17,479		46,576		1,621		65,676

Ocean Bay Seafoods Limited

5. STOCK				2025		2024
				£		£
Stock comprises:
Stock				10,000		19,000
				10,000		19,000

6. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
Trade debtors				239,688		86,791
Other debtors				4,769		8,170
Directors current account				-		15,774
				244,457		110,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				27,242		27,196
VAT				2,908		340
Directors current account				8,732		-
Bank loans and overdrafts				97,466		73,153
Bank Loan				14,611		21,832
Hire purchase				35,417		22,359
Trade creditors				57,743		-
Other creditors - FYM				69,446		-
Accruals				-		1,350
				313,565		146,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2025		2024
				£		£
Bank loans (unsecured) >1yr				21,037		35,700
Bank loans (secured) >1yr				14,267		-
				35,304		35,700

Ocean Bay Seafoods Limited

9. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
1 Ordinary shares of £1.00 each				1		1
				1		1