REGISTERED NUMBER: SC104434 (Scotland)

Financial Statements for the Year Ended 31 August 2025

for

Couper Seafoods Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Couper

J Couper

REGISTERED OFFICE:

Suite A,

1 Albyn Place

Aberdeen

AB10 1BR

REGISTERED NUMBER:

SC104434 (Scotland)

ACCOUNTANTS:

Findlay Brown Ltd

53 Huntly Street

Aberdeen

AB10 1TH

FIXED ASSETS

Tangible assets

4

305,626

291,920

Investments

5

1,750

1,750

307,376

293,670

CURRENT ASSETS

Stocks

8,085

25,613

Debtors

6

674,402

722,346

682,487

747,959

CREDITORS

Amounts falling due within one year

7

777,588

841,539

NET CURRENT LIABILITIES

(95,101

)

(93,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

212,275

200,090

CREDITORS

Amounts falling due after more than one year

8

78,859

84,609

NET ASSETS

133,416

115,481

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

132,316

114,381

SHAREHOLDERS' FUNDS

133,416

115,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

J Couper - Director

1.	STATUTORY INFORMATION

Couper Seafoods Limited is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery etc

-

25% on reducing balance, 20% 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.

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

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.

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 41 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

84,240

838,936

923,176

Additions

26,531

49,300

75,831

Disposals

-

(26,791

)

(26,791

)

At 31 August 2025

110,771

861,445

972,216

DEPRECIATION

At 1 September 2024

-

631,256

631,256

Charge for year

-

50,090

50,090

Eliminated on disposal

-

(14,756

)

(14,756

)

At 31 August 2025

-

666,590

666,590

NET BOOK VALUE

At 31 August 2025

110,771

194,855

305,626

At 31 August 2024

84,240

207,680

291,920

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

Plant and

machinery

etc

£

COST

At 1 September 2024

130,035

Additions

44,300

Disposals

(26,791

)

At 31 August 2025

147,544

DEPRECIATION

At 1 September 2024

56,415

Charge for year

18,590

Eliminated on disposal

(14,756

)

At 31 August 2025

60,249

NET BOOK VALUE

At 31 August 2025

87,295

At 31 August 2024

73,620

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

1,750

NET BOOK VALUE

At 31 August 2025

1,750

At 31 August 2024

1,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

640,443

690,448

Other debtors

33,959

31,898

674,402

722,346

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

474,805

479,349

Hire purchase contracts

20,470

21,084

Trade creditors

251,471

328,142

Taxation and social security

24,314

-

Other creditors

6,528

12,964

777,588

841,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

15,277

Hire purchase contracts

78,859

69,332

78,859

84,609

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdrafts

466,472

471,016

Hire purchase contracts

99,329

90,416

565,801

561,432

The bank has a floating charge over all the assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

J Couper and D Couper

Balance outstanding at start of year

-

37,390

Amounts repaid

-

(37,390

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-