REGISTERED NUMBER: 06873009 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FASTLINE SHELLFISH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D.R. Kenyon

Mrs J. Kenyon

Mr D Cox

REGISTERED OFFICE:

North Quay

Fish Docks

GRIMSBY

DN31 3SY

REGISTERED NUMBER:

06873009 (England and Wales)

ACCOUNTANTS:

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

Santander

Bridle Road

BOOTLE

L30 4GB

FIXED ASSETS

Intangible assets

4

196,375

213,123

Tangible assets

5

1,125,121

1,142,658

1,321,496

1,355,781

CURRENT ASSETS

Stocks

6

21,000

17,200

Debtors

7

316,133

275,900

Cash at bank and in hand

240,910

328,002

578,043

621,102

CREDITORS

Amounts falling due within one year

8

195,776

242,955

NET CURRENT ASSETS

382,267

378,147

TOTAL ASSETS LESS CURRENT LIABILITIES

1,703,763

1,733,928

PROVISIONS FOR LIABILITIES

187,403

169,018

NET ASSETS

1,516,360

1,564,910

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

100

100

Profit and loss account

1,516,260

1,564,810

SHAREHOLDERS' FUNDS

1,516,360

1,564,910

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mr D.R. Kenyon - Director

1.	STATUTORY INFORMATION

Fastline Shellfish 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

10% Straight Line

Plant and machinery

-

25% Straight Line, 20% Straight Line and 4% Straight Line

Fixtures and fittings

-

10% Straight Line

Motor vehicles

-

25% Straight Line

Computer equipment

-

33% Straight Line

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

330,340

Additions

46,000

Disposals

(45,000

)

At 31 March 2025

331,340

AMORTISATION

At 1 April 2024

117,217

Amortisation for year

26,588

Eliminated on disposal

(8,840

)

At 31 March 2025

134,965

NET BOOK VALUE

At 31 March 2025

196,375

At 31 March 2024

213,123

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

65,820

1,701,952

53,706

Additions

-

72,790

-

Disposals

-

(43,370

)

-

At 31 March 2025

65,820

1,731,372

53,706

DEPRECIATION

At 1 April 2024

54,487

583,575

41,289

Charge for year

2,500

79,009

2,330

Eliminated on disposal

-

(37,107

)

-

At 31 March 2025

56,987

625,477

43,619

NET BOOK VALUE

At 31 March 2025

8,833

1,105,895

10,087

At 31 March 2024

11,333

1,118,377

12,417

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

21,000

1,196

1,843,674

Additions

-

-

72,790

Disposals

-

-

(43,370

)

At 31 March 2025

21,000

1,196

1,873,094

DEPRECIATION

At 1 April 2024

21,000

665

701,016

Charge for year

-

225

84,064

Eliminated on disposal

-

-

(37,107

)

At 31 March 2025

21,000

890

747,973

NET BOOK VALUE

At 31 March 2025

-

306

1,125,121

At 31 March 2024

-

531

1,142,658

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

21,000

17,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

68,913

45,583

Other debtors

247,220

230,317

316,133

275,900

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

33,514

92,843

Taxation and social security

7,254

1,862

Other creditors

155,008

148,250

195,776

242,955

9.	RELATED PARTY DISCLOSURES

The loan to Fastline Property Lettings Ltd, a limited company under common control, increased during the year.

The total balance owed to Fastline Shellfish Limited at 31st March 2025 was £181,226 (2024 - £180,000).