REGISTERED NUMBER: 04269695 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

EXCEL SHELLFISH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A Moore

Miss K Moore

SECRETARY:

Mr M A Moore

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

04269695 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

HSBC Bank Plc

Teignmouth Branch

13 Wellington Street

Teignmouth

Devon

TQ14 8HL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

183,080

29,234

183,080

29,234

CURRENT ASSETS

Stocks

6,845

8,462

Debtors

6

54,870

72,359

Cash at bank

28,142

107,330

89,857

188,151

CREDITORS

Amounts falling due within one year

7

95,864

101,118

NET CURRENT (LIABILITIES)/ASSETS

(6,007

)

87,033

TOTAL ASSETS LESS CURRENT LIABILITIES

177,073

116,267

CREDITORS

Amounts falling due after more than one year

8

(91,190

)

(13,956

)

PROVISIONS FOR LIABILITIES

(5,536

)

(7,092

)

NET ASSETS

80,347

95,219

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,247

95,119

SHAREHOLDERS' FUNDS

80,347

95,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by:

Mr M A Moore - Director

Miss K Moore - Director

1.	STATUTORY INFORMATION

Excel Shellfish 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

2,000

AMORTISATION

At 1 September 2024

and 31 August 2025

2,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

-

71,585

7,498

Additions

157,046

366

2,710

At 31 August 2025

157,046

71,951

10,208

DEPRECIATION

At 1 September 2024

-

44,687

5,512

Charge for year

-

5,454

705

At 31 August 2025

-

50,141

6,217

NET BOOK VALUE

At 31 August 2025

157,046

21,810

3,991

At 31 August 2024

-

26,898

1,986

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

24,454

682

104,219

Additions

-

-

160,122

At 31 August 2025

24,454

682

264,341

DEPRECIATION

At 1 September 2024

24,454

332

74,985

Charge for year

-

117

6,276

At 31 August 2025

24,454

449

81,261

NET BOOK VALUE

At 31 August 2025

-

233

183,080

At 31 August 2024

-

350

29,234

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,753

64,172

Other debtors

1,742

1,500

Directors' current accounts

-

1,606

VAT

-

4,692

Prepayments

7,375

389

54,870

72,359

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,676

10,170

Trade creditors

16,001

25,326

Tax

12,165

40,078

Social security and other taxes

508

724

VAT

229

-

Other creditors

20,070

62

Directors' current accounts

20,633

19,695

Accrued expenses

10,582

5,063

95,864

101,118

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

28,573

13,956

Bank loans more 5 yr by instal

62,617

-

91,190

13,956

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

62,617

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

92,910

-

At 31 August 2025, the company had a commercial mortgage secured by a legal charge over its freehold property located at Unit 4, Lower Union Road, Kingsbridge, Devon, TQ7 1EF.

The mortgage is repayable in monthly instalments and the term runs to June 2037.

10.	OTHER FINANCIAL COMMITMENTS

At 31/8/25, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £nil [2024; £7,006].

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Mr M A Moore

Balance outstanding at start of year

(19,695

)

(23,061

)

Amounts advanced

61,458

71,319

Amounts repaid

(60,748

)

(67,953

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(18,985

)

(19,695

)

Miss K Moore

Balance outstanding at start of year

1,606

(451

)

Amounts advanced

19,684

18,203

Amounts repaid

(22,938

)

(16,146

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,648

)

1,606

Loans are unsecured and repayable on demand. Interest is charged at 10% in the year on credit loan balances.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £61,071 (2024 - £60,758) were paid to the directors .

13.	GOVERNMENT GUARANTEED LOAN

The bank loan of £13,956 is a COVID-19 Bounce Back Loan guaranteed by the government. Term runs to December 2026.