REGISTERED NUMBER: 05737267 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Fish Trade Supplies Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Robinson

Mrs R Warden

SECRETARY:

Mrs R Warden

REGISTERED OFFICE:

Unit 8 Riverside Industrial Estate

Rapier Street

Ipswich

Suffolk

IP2 8JX

REGISTERED NUMBER:

05737267 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Intangible assets

4

3,000

6,000

Tangible assets

5

26,245

19,106

29,245

25,106

CURRENT ASSETS

Stocks

94,409

86,047

Debtors

6

67,660

68,009

Cash at bank and in hand

203,167

181,731

365,236

335,787

CREDITORS

Amounts falling due within one year

7

248,264

230,982

NET CURRENT ASSETS

116,972

104,805

TOTAL ASSETS LESS CURRENT LIABILITIES

146,217

129,911

PROVISIONS FOR LIABILITIES

8

6,561

4,777

NET ASSETS

139,656

125,134

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

139,556

125,034

SHAREHOLDERS' FUNDS

139,656

125,134

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 6 November 2025 and were signed on its behalf by:

S J Robinson - Director

Mrs R Warden - Director

1.	STATUTORY INFORMATION

Fish Trade Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised at the point when the goods are delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance and 10% on cost

Plant and machinery

-

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

54,000

Amortisation for year

3,000

At 31 March 2025

57,000

NET BOOK VALUE

At 31 March 2025

3,000

At 31 March 2024

6,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

12,572

31,005

34,011

77,588

Additions

-

-

12,999

12,999

At 31 March 2025

12,572

31,005

47,010

90,587

DEPRECIATION

At 1 April 2024

11,783

26,319

20,380

58,482

Charge for year

197

1,172

4,491

5,860

At 31 March 2025

11,980

27,491

24,871

64,342

NET BOOK VALUE

At 31 March 2025

592

3,514

22,139

26,245

At 31 March 2024

789

4,686

13,631

19,106

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

56,868

57,557

Other debtors

10,792

10,452

67,660

68,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

143,556

126,499

Taxation and social security

13,307

41,422

Other creditors

91,401

63,061

248,264

230,982

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

6,561

4,777

Deferred

tax

£

Balance at 1 April 2024

4,777

Charge to Statement of Income and Retained Earnings during year

1,784

Balance at 31 March 2025

6,561

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

The company operates from a premises owned by one of the directors and during the year rent of £20,000 (2024 - £20,000) was paid to this director.