REGISTERED NUMBER: 05737914 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Lazy Lobster Wholesale Foods Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H E Cooper

REGISTERED OFFICE:

Barngarth Farm

Lower Cox Street

Detling

Maidstone

Kent

ME14 3HE

REGISTERED NUMBER:

05737914 (England and Wales)

ACCOUNTANTS:

Berry & Company

Chartered Accountants

Sterling House

7 Ashford Road

Maidstone

Kent

ME14 5BJ

FIXED ASSETS

Intangible assets

4

7,642

15,000

Tangible assets

5

163,918

192,578

171,560

207,578

CURRENT ASSETS

Stocks

42,320

58,250

Debtors

6

207,223

374,634

Cash at bank

533,534

241,428

783,077

674,312

CREDITORS

Amounts falling due within one year

7

615,050

500,806

NET CURRENT ASSETS

168,027

173,506

TOTAL ASSETS LESS CURRENT LIABILITIES

339,587

381,084

CREDITORS

Amounts falling due after more than one year

8

152,479

162,240

NET ASSETS

187,108

218,844

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

187,004

218,740

187,108

218,844

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:

H E Cooper - Director

1.	STATUTORY INFORMATION

The Lazy Lobster Wholesale Foods Company 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.

Income recognition

Turnover represents the fair value of consideration received or receivable derived from the provision of goods to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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 NIL (2024 - 19 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

73,577

AMORTISATION

At 1 April 2024

58,577

Charge for year

7,358

At 31 March 2025

65,935

NET BOOK VALUE

At 31 March 2025

7,642

At 31 March 2024

15,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

812,472

Additions

5,085

At 31 March 2025

817,557

DEPRECIATION

At 1 April 2024

619,894

Charge for year

33,745

At 31 March 2025

653,639

NET BOOK VALUE

At 31 March 2025

163,918

At 31 March 2024

192,578

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

125,042

DEPRECIATION

At 1 April 2024

105,306

Charge for year

4,999

At 31 March 2025

110,305

NET BOOK VALUE

At 31 March 2025

14,737

At 31 March 2024

19,736

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,015

218,722

Other debtors

163,208

155,912

207,223

374,634

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1

1

Hire purchase contracts (see note 9)

6,955

-

Trade creditors

255,160

214,353

Taxation and social security

100,466

83,170

Other creditors

252,468

203,282

615,050

500,806

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

125,454

125,454

Other creditors

27,025

36,786

152,479

162,240

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

6,955

-

Between one and five years

125,454

125,454

132,409

125,454

Non-cancellable

operating leases

2025

2024

£

£

Within one year

-

36,000

The company has no formal lease in excess of twelve months.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H E Cooper.