Company No: 08383996 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	30,732		33,400
Tangible assets	4	186,384		250,465
		217,116		283,865
Current assets
Debtors	5	71,909		46,099
Cash at bank and in hand		563,179		612,292
		635,088		658,391
Creditors: amounts falling due within one year	6	( 211,300)		( 168,353)
Net current assets		423,788		490,038
Total assets less current liabilities		640,904		773,903
Provision for liabilities		( 78,637)		( 62,616)
Net assets		562,267		711,287
Capital and reserves
Called-up share capital		3		3
Profit and loss account		562,264		711,284
Total shareholders' funds		562,267		711,287

For the financial year ending 31 January 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Seadog Shellfish Limited (registered number: 08383996) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

T J Loose Director

27 October 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Seadog Shellfish Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerhill House, Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Computer equipment	25 % reducing balance
Other property, plant and equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 February 2025	33,400		33,400
Additions	720		720
At 31 January 2026	34,120		34,120
Accumulated amortisation
At 01 February 2025	0		0
Charge for the financial year	3,388		3,388
At 31 January 2026	3,388		3,388
Net book value
At 31 January 2026	30,732		30,732
At 31 January 2025	33,400		33,400

4. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 February 2025	180,412		60,347		0		179,000		419,759
Additions	620		0		2,877		0		3,497
Disposals	( 17,866)		( 5,000)		0		0		( 22,866)
At 31 January 2026	163,166		55,347		2,877		179,000		400,390
Accumulated depreciation
At 01 February 2025	125,388		43,906		0		0		169,294
Charge for the financial year	13,795		4,110		432		44,750		63,087
Disposals	( 14,042)		( 4,333)		0		0		( 18,375)
At 31 January 2026	125,141		43,683		432		44,750		214,006
Net book value
At 31 January 2026	38,025		11,664		2,445		134,250		186,384
At 31 January 2025	55,024		16,441		0		179,000		250,465

5. Debtors

	2026		2025
	£		£
Trade debtors	550		0
Other debtors	71,359		46,099
	71,909		46,099

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	5,459		28,800
Taxation and social security	186,414		133,077
Other creditors	19,427		6,476
	211,300		168,353