D Leadbetter & Son (Shellfish) Ltd 31/03/2026 iXBRL

Company registration number: SC592301

D Leadbetter & Son (Shellfish) Ltd

Trading as D Leadbetter & Son (Shellfish) Ltd

Unaudited filleted financial statements

31 March 2026

D Leadbetter & Son (Shellfish) Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

D Leadbetter & Son (Shellfish) Ltd

Directors and other information


Directors
	Mrs Ailsa M Leadbetter
	Mr David S Leadbetter
	Ms Rhona Leadbetter	(Resigned 1 April 2025)
	Mrs Kerry Leadbetter	(Appointed 5 April 2025)


Company number	SC592301


Registered office	14 Willow Crescent
	Kinghorn
	Fife
	KY3 9YL


Business address	14 Willow Crescent
	Kinghorn
	Fife
	KY3 9YL


Accountants	Simmers & Co
	Albany Chambers
	Albany Street
	Oban
	Argyll & Bute
	PA34 4AL

D Leadbetter & Son (Shellfish) Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of D Leadbetter & Son (Shellfish) Ltd

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D Leadbetter & Son (Shellfish) Ltd for the year ended 31 March 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of D Leadbetter & Son (Shellfish) Ltd, as a body, in accordance with the terms of our engagement letter dated 1 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of D Leadbetter & Son (Shellfish) Ltd and state those matters that we have agreed to state to the board of directors of D Leadbetter & Son (Shellfish) Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D Leadbetter & Son (Shellfish) Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that D Leadbetter & Son (Shellfish) 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 profit of D Leadbetter & Son (Shellfish) Ltd. You consider that D Leadbetter & Son (Shellfish) 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 D Leadbetter & Son (Shellfish) 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.

Simmers & Co

Chartered Accountants

Albany Chambers

Albany Street

Oban

Argyll & Bute

PA34 4AL

26 May 2026

D Leadbetter & Son (Shellfish) Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	64,268		71,977
Tangible assets	6	470,766		634,038
		_______		_______
			535,034		706,015

Current assets
Debtors	7	58,316		133,942
Cash at bank and in hand		26,256		366
		_______		_______
		84,572		134,308
Creditors: amounts falling due
within one year	8	( 113,379)		( 191,774)
		_______		_______
Net current liabilities			( 28,807)		( 57,466)
			_______		_______
Total assets less current liabilities			506,227		648,549

Creditors: amounts falling due
after more than one year	9		( 209,548)		( 303,998)

Provisions for liabilities			( 115,961)		( 133,913)

			_______		_______
Net assets			180,718		210,638
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			180,618		210,538
			_______		_______
Shareholders funds			180,718		210,638
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Mr David S Leadbetter Mrs Ailsa M Leadbetter

Director Director

Company registration number: SC592301

D Leadbetter & Son (Shellfish) Ltd

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024	100	117,494	117,594

Profit for the year		193,044	193,044
	_______	_______	_______
Total comprehensive income for the year	-	193,044	193,044

Dividends paid and payable		( 100,000)	( 100,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 100,000)	( 100,000)

	_______	_______	_______
At 31 March 2025 and 1 April 2025	100	210,538	210,638

Profit for the year		20,080	20,080
	_______	_______	_______
Total comprehensive income for the year	-	20,080	20,080

Dividends paid and payable		( 50,000)	( 50,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 50,000)	( 50,000)

	_______	_______	_______
At 31 March 2026	100	180,618	180,718
	_______	_______	_______

D Leadbetter & Son (Shellfish) Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is c/o Leadbetter, 14 Willow Crescent, Kinghorn, Fife, KY3 9YL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 3 (2025: 8 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	116,087	181,128
Social security costs	5,820	14,029
Other pension costs	2,206	2,689
	_______	_______
	124,113	197,846
	_______	_______

5. Intangible assets

	Goodwill	Other intangible assets	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	25,000	141,000	166,000
	_______	_______	_______
Amortisation
At 1 April 2025	17,500	71,273	88,773
Charge for the year	2,500	10,459	12,959
	_______	_______	_______
At 31 March 2026	20,000	81,732	101,732
	_______	_______	_______
Carrying amount
At 31 March 2026	5,000	59,268	64,268
	_______	_______	_______
At 31 March 2025	7,500	69,727	77,227
	_______	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	93,710	779,754	38,684	143,483	1,055,631
Additions	-	43,058	-	-	43,058
Disposals	( 93,710)	( 28,230)	( 26,528)	-	( 148,468)
	_______	_______	_______	_______	_______
At 31 March 2026	-	794,582	12,156	143,483	950,221
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	7,496	304,554	26,254	88,539	426,843
Charge for the year	-	76,667	901	13,736	91,304
Disposals	( 7,496)	( 13,494)	( 17,702)	-	( 38,692)
	_______	_______	_______	_______	_______
At 31 March 2026	-	367,727	9,453	102,275	479,455
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	-	426,855	2,703	41,208	470,766
	_______	_______	_______	_______	_______
At 31 March 2025	86,214	475,200	12,430	54,944	628,788
	_______	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	29,111	6,634
Other debtors	29,205	127,308
	_______	_______
	58,316	133,942
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	30,894	97,417
Trade creditors	-	14,479
Corporation tax	27,862	-
Social security and other taxes	-	3,162
Other creditors	54,623	76,716
	_______	_______
	113,379	191,774
	_______	_______

During the period the company granted Virgin Money a charge over MFV Solis C11.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	177,942	256,872
Other creditors	31,606	47,126
	_______	_______
	209,548	303,998
	_______	_______