Registration number: 03780906

R and J Seafoods Ltd.

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

R and J Seafoods Ltd.

(Registration number: 03780906)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	681,492	748,489
Current assets
Stocks	5	693,950	522,237
Debtors	6	529,695	480,689
Cash at bank and in hand		45,719	19,075
		1,269,364	1,022,001
Creditors: Amounts falling due within one year	7	(1,249,120)	(1,098,292)
Net current assets/(liabilities)		20,244	(76,291)
Total assets less current liabilities		701,736	672,198
Creditors: Amounts falling due after more than one year	7	(617,340)	(637,953)
Net assets		84,396	34,245
Capital and reserves
Called up share capital	8	100	100
Retained earnings		84,296	34,145
Shareholders' funds		84,396	34,245

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

R and J Seafoods Ltd.

(Registration number: 03780906)
Balance Sheet as at 31 October 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 30 October 2026
 

......................................... Mr J W F Woods Director

R and J Seafoods Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Units 19-20
Estate Road Number 8
South Humberside Industrial Estate
Grimsby
DN31 2TG

These financial statements were authorised for issue by the director on 30 October 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared for the individual entity and are presented in sterling and, rounded to the nearest pound.

Revenue recognition

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

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Government grants

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the assets. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the assets.

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

R and J Seafoods Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, 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.

Deferred income tax is recognised on temporary 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2-20% straight line
Plant and machinery	10% straight line
Fixtures and fittings	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

R and J Seafoods Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Share capital

Ordinary shares are classified as equity.

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 the Director) during the year, was 28 (2024 - 26).

R and J Seafoods Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	742,967	624,015	1,366,982
At 31 October 2025	742,967	624,015	1,366,982
Depreciation
At 1 November 2024	190,969	427,524	618,493
Charge for the year	14,059	52,938	66,997
At 31 October 2025	205,028	480,462	685,490
Carrying amount
At 31 October 2025	537,939	143,553	681,492
At 31 October 2024	551,998	196,491	748,489

Included within the net book value of land and buildings above is £537,939 (2024 - £551,998) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	693,950	522,237

R and J Seafoods Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	518,955	427,362
Prepayments	1,656	-
Other debtors	9,084	53,327
	529,695	480,689

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	165,465	143,591
Trade creditors		764,250	676,533
Taxation and social security		271,310	227,433
Accruals and deferred income		8,000	36,710
Other creditors		40,095	14,025
		1,249,120	1,098,292

Creditors include bank loans and overdrafts and net obligations under hire purchase contracts which are secured on the assets of the company totalling £165,465 (2024 - £143,591).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	374,276	394,889
Other financial liabilities		243,064	243,064
		617,340	637,953

Creditors include bank loans and overdrafts and net obligations under purchase contracts which are secured on the assets of the company totalling £374,276 (2024 - £394,889).

Creditors include bank loans repayable by instalments of £225,016 (2024 - £187,334) due after more than five years.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

R and J Seafoods Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	374,276	394,889

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	60,947	70,966
Other borrowings	104,518	72,625
	165,465	143,591

10	Related party transactions

Transactions with the Director

2025	At 1 November 2024 £	Advances to Director £	Repayments by Director £	At 31 October 2025 £
Mr J W F Woods
Directors Current Account	23,812	(44,134)	25,474	5,152

2024	At 1 November 2023 £	Repayments by Director £	At 31 October 2024 £
Mr J W F Woods
Directors Current Account	27,627	(3,815)	23,812