REGISTERED NUMBER: 02573486 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

UPSTREAM SEAFOODS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C T Smith

REGISTERED OFFICE:

Unit 5-7 Silver Wing Industrial Estate

Horatius Way

Croydon

CR0 4RU

REGISTERED NUMBER:

02573486 (England and Wales)

ACCOUNTANTS:

PSP Associates Limited

Chartered Certified Accountants

Global House

1 Ashley Avenue

Epsom

Surrey

KT18 5AD

FIXED ASSETS

Tangible assets

4

25,320

33,310

CURRENT ASSETS

Stocks

76,626

83,690

Debtors

5

516,902

636,130

Cash at bank and in hand

80,424

228,064

673,952

947,884

CREDITORS

Amounts falling due within one year

6

428,189

663,665

NET CURRENT ASSETS

245,763

284,219

TOTAL ASSETS LESS CURRENT LIABILITIES

271,083

317,529

CREDITORS

Amounts falling due after more than one year

7

(32,007

)

(5,344

)

PROVISIONS FOR LIABILITIES

(4,811

)

(6,329

)

NET ASSETS

234,265

305,856

CAPITAL AND RESERVES

Called up share capital

19,500

19,500

Retained earnings

214,765

286,356

SHAREHOLDERS' FUNDS

234,265

305,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 28 July 2026 and were signed by:

C T Smith - Director

1.	STATUTORY INFORMATION

Upstream Seafoods 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 24 (2025 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Fixtures

Motor

leasehold

machinery

& equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

30,879

64,363

40,829

53,350

189,421

Additions

-

272

178

-

450

At 31 March 2026

30,879

64,635

41,007

53,350

189,871

DEPRECIATION

At 1 April 2025

30,879

58,881

37,436

28,915

156,111

Charge for year

-

1,438

893

6,109

8,440

At 31 March 2026

30,879

60,319

38,329

35,024

164,551

NET BOOK VALUE

At 31 March 2026

-

4,316

2,678

18,326

25,320

At 31 March 2025

-

5,482

3,393

24,435

33,310

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

493,959

622,235

Other debtors

22,943

13,895

516,902

636,130

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

29,544

18,000

Trade creditors

348,174

605,996

Taxation and social security

45,981

25,518

Other creditors

4,490

14,151

428,189

663,665

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

32,007

5,344