REGISTERED NUMBER: 10626267 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FLANNIGAN SEAFOODS LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J G Flannigan

Miss E L Flannigan

REGISTERED OFFICE:

Units 3a - 3b

Windmill Way North

Ramparts Business Park

Berwick upon Tweed

Northumberland

TD15 1TA

REGISTERED NUMBER:

10626267 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flannigan Seafoods Ltd for the year ended 31 March 2025 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Flannigan Seafoods Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flannigan Seafoods Ltd and state those matters that we have agreed to state to the Board of Directors of Flannigan Seafoods Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flannigan Seafoods Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flannigan Seafoods Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Flannigan Seafoods Ltd. You consider that Flannigan Seafoods Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flannigan Seafoods Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

16 December 2025

FIXED ASSETS

Tangible assets

4

128,146

93,413

CURRENT ASSETS

Stocks

20,332

35,902

Debtors

5

99,711

47,087

Cash at bank

58,792

148,963

178,835

231,952

CREDITORS

Amounts falling due within one year

6

100,018

129,339

NET CURRENT ASSETS

78,817

102,613

TOTAL ASSETS LESS CURRENT LIABILITIES

206,963

196,026

CREDITORS

Amounts falling due after more than one year

7

(147,784

)

(87,604

)

PROVISIONS FOR LIABILITIES

(13,792

)

(12,069

)

NET ASSETS

45,387

96,353

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

45,287

96,253

45,387

96,353

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Miss E L Flannigan - Director

1.	STATUTORY INFORMATION

Flannigan Seafoods Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 25 years

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

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 Profit and Loss, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

-

33,796

120,159

153,955

Additions

34,956

23,962

-

58,918

At 31 March 2025

34,956

57,758

120,159

212,873

DEPRECIATION

At 1 April 2024

-

15,066

45,476

60,542

Charge for year

773

4,741

18,671

24,185

At 31 March 2025

773

19,807

64,147

84,727

NET BOOK VALUE

At 31 March 2025

34,183

37,951

56,012

128,146

At 31 March 2024

-

18,730

74,683

93,413

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

120,159

DEPRECIATION

At 1 April 2024

45,476

Charge for year

18,671

At 31 March 2025

64,147

NET BOOK VALUE

At 31 March 2025

56,012

At 31 March 2024

74,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

52,240

40,019

Other debtors

47,471

7,068

99,711

47,087

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

19,659

19,659

Trade creditors

42,623

54,213

Taxation and social security

5,151

5,706

Other creditors

32,585

49,761

100,018

129,339

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

30,986

50,645

Other creditors

116,798

36,959

147,784

87,604

8.	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

£

£

J G Flannigan

Balance outstanding at start of year

(294

)

(294

)

Amounts advanced

88,727

-

Amounts repaid

(48,597

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,836

(294

)

Miss E L Flannigan

Balance outstanding at start of year

(294

)

(294

)

Amounts advanced

49,394

-

Amounts repaid

(49,100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(294

)