Moxon's Fresh Fish Limited - Filleted accounts

Registered number

05581092

Moxon's Fresh Fish Limited

Filleted Accounts

31 March 2025

Moxon's Fresh Fish Limited
Registered number:		05581092
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		995,525			1,073,147

Current assets
Stocks		1,041			541
Debtors	4	264,454			195,153
Cash at bank and in hand		67,877			129,433
		333,372			325,127

Creditors: amounts falling due within one year	5	(358,067)			(430,893)

Net current liabilities			(24,695)			(105,766)

Total assets less current liabilities			970,830			967,381

Creditors: amounts falling due after more than one year	6		(238,966)			(255,855)

Provisions for liabilities			(136,036)			(136,036)


Net assets			595,828			575,490

Capital and reserves
Called up share capital			(100)			300
Profit and loss account			595,928			575,190

Shareholders' funds			595,828			575,490

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 N Moxon
Director
Approved by the board on 12 December 2025

Moxon's Fresh Fish Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	Moxon's Fresh Fish is a company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered office is given in the company information on page 1 of these financial statements. The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded. The financial statements 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). The significant accounting policies applied in the preparation of these financial statements are set out below.

	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:

	Leasehold land and buildings			33% on cost
	Motor Vehicles			25% on cost
	Plant & machinery			25% on cost
	Fixtures, fittings, tools and equipment			25% on cost

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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					32		32


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1,503,242		938,957		147,415		2,589,614
	Additions	-		90,422		17,156		107,578
	At 31 March 2025	1,503,242		1,029,379		164,571		2,697,192

	Depreciation
	At 1 April 2024	841,307		527,746		147,414		1,516,467
	Charge for the year	127,825		50,593		6,782		185,200
	At 31 March 2025	969,132		578,339		154,196		1,701,667

	Net book value
	At 31 March 2025	534,110		451,040		10,375		995,525
	At 31 March 2024	661,935		411,211		1		1,073,147


4	Debtors					2025		2024
£							£

	Trade debtors					164,120		116,862
	Other debtors					7,700		-
	VAT					33,780		25,503
	Prepayments and accrued income					58,854		52,788

						264,454		195,153


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

	Trade creditors					217,906		228,446
	Taxation and social security costs					78,664		75,388
	Accruals and deferred income					12,243		12,198
	Director's current account					43,505		46,743
	Other creditors					5,749		68,118
						358,067		430,893


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

	Bank loans					238,966		255,855


7	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					198,765		198,765

8	Provision for Liabilities					2025		2024
£							£
	Deferred tax					136,036		158,263



						136,036		158,263

	Balance at 1st April 2023							158,263
	Credit to income statement during year
	re: accelerated capital allowances							(22,227)
	Balance at 31 March 2024							136,036