REGISTERED NUMBER: SC689213 (Scotland)

Evtsiu Limited

Report of the Director and

Unaudited Financial Statements

for the Year Ended 28 February 2026

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mr C M E Iu

REGISTERED OFFICE:

9 Ainslie Place

Einburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC689213 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Starling Bank

7th Floor

Norfolk House

31 St James's Square

London

SW1Y 4JR

The director presents his report with the financial statements of the company for the year ended 28 February 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a seafood retailer and wholesaler trading as Eden Seafood.

DIRECTOR

Mr C M E Iu held office during the whole of the period from 1 March 2025 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr C M E Iu - Director

9 June 2026

TURNOVER

104,447

131,709

Cost of sales

72,106

84,438

GROSS PROFIT

32,341

47,271

Administrative expenses

37,728

40,340

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(5,387

)

6,931

Tax on (loss)/profit

4

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(5,387

)

6,931

FIXED ASSETS

Tangible assets

5

2,609

4,443

CURRENT ASSETS

Stocks

3,400

3,800

Debtors

6

230

1,221

Cash at bank and in hand

2,571

4,245

6,201

9,266

CREDITORS

Amounts falling due within one year

7

27,474

26,986

NET CURRENT LIABILITIES

(21,273

)

(17,720

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,664

)

(13,277

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(18,764

)

(13,377

)

(18,664

)

(13,277

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 9 June 2026 and were signed by:

Mr C M E Iu - Director

1.	STATUTORY INFORMATION

Evtsiu 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 and revenue recognition

Turnover, which represents the net invoiced sales of goods, excluding value added tax, is recognised at the point of sale of goods.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% 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 only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

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.

Provision for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 28 February 2026 nor for the year ended 28 February 2025.

Factors that may affect future tax charges

A deferred tax asset of approximately £4,179 (2025: £3,156) arises at 28 February 2026 on losses incurred to date. This asset is not recognised on the basis that there is insufficient evidence that it will be recoverable in the foreseeable future. The asset will be recovered if the company makes future trading profit against which the losses may be offset.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

15,451

Additions

496

Disposals

(5,650

)

At 28 February 2026

10,297

DEPRECIATION

At 1 March 2025

11,008

Charge for year

2,330

Eliminated on disposal

(5,650

)

At 28 February 2026

7,688

NET BOOK VALUE

At 28 February 2026

2,609

At 28 February 2025

4,443

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

230

1,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

27,474

26,986

8.	RELATED PARTY DISCLOSURES

Mr C M E Iu

The director and the shareholder of the company.

During the year, the director paid expenses amounting to £25,463 (2024: £31,216) on behalf of the company. During the year, the company repaid £25,066 (2024: £44,147) to the director. The balance due to the director at 28 February 2026 amounted to £25,159 (2024: £24,762). The balance is unsecured, interest free and has no fixed repayment period.

9.	GOING CONCERN

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its director, bank, other creditors and director is willing to support the company.