REGISTERED NUMBER: 14454969 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SEAFOOD & MORE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P S Copping

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

BN21 4RU

BUSINESS ADDRESS:

3 Cornfield Road

Eastbourne

East Sussex

BN21 4QA

REGISTERED NUMBER:

14454969 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

23,244

16,763

CURRENT ASSETS

Stocks

5

5,000

5,000

Debtors

6

15,141

8,221

Cash at bank

2,205

2,937

22,346

16,158

CREDITORS

Amounts falling due within one year

7

75,787

33,192

NET CURRENT LIABILITIES

(53,441

)

(17,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,197

)

(271

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(30,397

)

(471

)

SHAREHOLDERS' FUNDS

(30,197

)

(271

)

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

C P S Copping - Director

1.	STATUTORY INFORMATION

Seafood & More 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.

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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents amounts receivable for the retail sale of goods net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards and ownership of the goods have been passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Furniture,fittings & equipment

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 Income Statement, 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Furniture,fittings

Computer

& equipment

equipment

Totals

£

£

£

COST

At 1 April 2024

21,987

408

22,395

Additions

13,988

372

14,360

At 31 March 2025

35,975

780

36,755

DEPRECIATION

At 1 April 2024

5,496

136

5,632

Charge for year

7,619

260

7,879

At 31 March 2025

13,115

396

13,511

NET BOOK VALUE

At 31 March 2025

22,860

384

23,244

At 31 March 2024

16,491

272

16,763

5.

STOCKS

2025

2024

£

£

Stocks

5,000

5,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

154

742

Amounts owed by group undertakings

7,039

3,139

VAT

-

3,262

Deferred tax asset

7,294

274

Prepayments

654

804

15,141

8,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,353

3,703

Amounts owed to group undertakings

23,097

2,900

Tax

50

50

PAYE

3,706

2,516

VAT

9,268

-

Other creditors

2,629

2,067

Directors' current accounts

26,504

18,256

Accrued expenses

3,180

3,700

75,787

33,192

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

25,000

25,000

Between one and five years

41,666

66,666

66,666

91,666

9.	DEFERRED TAX

£

Balance at 1 April 2024

(274

)

Provided during year

1,231

Tax losses carried forward

(8,251

)

Balance at 31 March 2025

(7,294

)

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £21,419 (2024 : £2,900) to West Rocks Management Ltd, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £7,039 (2024 : £3,139) by Natural Fitness Centre Ltd, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company owed £1,678 (2024 : £nil) to Devonshire General Stores Ltd, a company controlled by C P S Copping. No interest was charged on this amount. This amount is repayable on demand.