File

Registration number: 02594828

Nishikoi Aquaculture Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Nishikoi Aquaculture Limited

Company Information

Directors

J H Finbow J Finbow

Registered office

Unit 3 Toppesfield Road Wethersfield Essex CM7 4EP

Bankers

National Westminster NatWest House 100 The Crescent Colchester Business Park Colchester Essex CO4 4YQ

Accountants

Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Nishikoi Aquaculture Limited

(Registration number: 02594828)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	187,841	156,413
Investment property	6	-	20,547
		187,841	176,960
Current assets
Stocks	7	272,980	286,706
Debtors	8	47,825	54,041
Cash at bank and in hand		499,224	415,483
		820,029	756,230
Creditors: Amounts falling due within one year	9	(290,286)	(298,030)
Net current assets		529,743	458,200
Total assets less current liabilities		717,584	635,160
Provisions for liabilities		(45,506)	(42,785)
Net assets		672,078	592,375
Capital and reserves
Called up share capital	10	2,502	2,502
Capital redemption reserve		2,500	2,500
Retained earnings		667,076	587,373
Shareholders' funds		672,078	592,375

For the financial year ended 31 December 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 September 2026 and signed on its behalf by:

J H Finbow Director

J Finbow Director

Nishikoi Aquaculture Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is: Unit 3, Toppesfield Road, Wethersfield, Essex, CM7 4EP.

These financial statements were authorised for issue by the Board on 21 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale and distribution of fish food and related products in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Nishikoi Aquaculture Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	25% reducing balance method
Plant and machinery	25% reducing balance method & 20% straight line method
Office equipment	25% reducing balance method
Motor vehicles	25% reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Stock consists of raw materials and finished goods.

Raw materials are valued at the lower of purchase price and net realisable value.

Finished goods are valued at the lower of purchase price and net realisable value based on the components that make up the product, no adjustment is made for labour or overheads.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Nishikoi Aquaculture Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	455,785	455,785
At 31 December 2025	455,785	455,785
Amortisation
At 1 January 2025	455,785	455,785
At 31 December 2025	455,785	455,785
Carrying amount
At 31 December 2025	-	-

Nishikoi Aquaculture Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Land and buildings £	Office equipment  £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 January 2025	142,288	17,483	13,667	346,469	519,907
Additions	-	2,120	-	53,768	55,888
Disposals	(677)	-	-	(3,310)	(3,987)
At 31 December 2025	141,611	19,603	13,667	396,927	571,808
Depreciation
At 1 January 2025	114,280	12,031	11,162	205,475	342,948
Charge for the year	7,002	1,779	627	35,532	44,940
Eliminated on disposal	(642)	-	-	(3,279)	(3,921)
At 31 December 2025	120,640	13,810	11,789	237,728	383,967
Carrying amount
At 31 December 2025	20,971	5,793	1,878	159,199	187,841
At 31 December 2024	7,462	5,452	2,505	140,994	156,413

6	Investment properties

2025 £

There has been no valuation of investment property by an independent valuer.

7

Stocks

	2025 £	2024 £
Stocks	272,980	286,706

8

Debtors

	2025 £	2024 £
Trade debtors	42,852	33,849
Other debtors	2	20,192
Prepayments and accrued income	4,971	-
	47,825	54,041

Nishikoi Aquaculture Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	44,526	36,332
Taxation and social security	69,262	25,512
Other creditors	171,696	231,094
Accruals and deferred income	4,802	5,092
	290,286	298,030