SCOT LIVE SHELLFISH LTD

SCOT LIVE SHELLFISH LTD

SCOT LIVE SHELLFISH LTD - Company Information

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SCOT LIVE SHELLFISH LTD

Company Registration Number:
SC478492 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 31 May 2021

End date: 31 March 2022

SCOT LIVE SHELLFISH LTD

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

SCOT LIVE SHELLFISH LTD

Balance sheet

As at 31 March 2022


Notes
10 months to 31 March 2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 17,262 24,173
Tangible assets: 4 425,031 186,067
Investments:   0 0
Total fixed assets: 442,293 210,240
Current assets
Stocks: 118,387 17,345
Debtors:   1,071,961 807,026
Cash at bank and in hand: 86,105 429,001
Investments:   0 0
Total current assets: 1,276,453 1,253,372
Creditors: amounts falling due within one year:   (330,882) (143,305)
Net current assets (liabilities): 945,571 1,110,067
Total assets less current liabilities: 1,387,864 1,320,307
Creditors: amounts falling due after more than one year:   (241,058) (248,162)
Provision for liabilities: (85,271) (26,210)
Total net assets (liabilities): 1,061,535 1,045,935
Capital and reserves
Called up share capital: 4 4
Share premium account: 452,597 452,597
Revaluation reserve:5165,8640
Other reserves: 0 0
Profit and loss account: 443,070 593,334
Shareholders funds: 1,061,535 1,045,935

The notes form part of these financial statements

SCOT LIVE SHELLFISH LTD

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 July 2022
and signed on behalf of the board by:

Name: L Murray
Status: Director

The notes form part of these financial statements

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

10 months to 31 March 2022 2021
Average number of employees during the period 20 16

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Intangible Assets

Total
Cost £
At 31 May 2021 24,857
At 31 March 2022 24,857
Amortisation
At 31 May 2021 684
Charge for year 6,911
At 31 March 2022 7,595
Net book value
At 31 March 2022 17,262
At 30 May 2021 24,173

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Tangible Assets

Total
Cost £
At 31 May 2021 516,463
Additions 80,456
Disposals 0
Revaluations 165,864
Transfers 0
At 31 March 2022 762,783
Depreciation
At 31 May 2021 330,396
Charge for year 7,356
On disposals 0
At 31 March 2022 337,752
Net book value
At 31 March 2022 425,031
At 30 May 2021 186,067

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Revaluation reserve

10 months to 31 March 2022
£
Balance at 31 May 2021 0
Surplus or deficit after revaluation 165,864
Balance at 31 March 2022 165,864

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Related party transactions

Name of the related party:
Relationship:
Shareholders
Description of the Transaction: Within the trading accounts to 31st March 2022 there are two loans to shareholders of the company of £41,941 each. These are interest free loans, unsecured and repayable upon written demand.
£
Balance at 31 May 2021 294,019
Balance at 31 March 2022 83,882

SCOT LIVE SHELLFISH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Post balance sheet events

Post year end 31st March 2022 the company suffered loss of earnings and stock value due to a building fire. This has resulted in a reduction in stock value post year end as well as leading to additional costs but as these are not yet known have not been accounted for within the trading figures subject to any insurance settlement. A former director of the company settled ongoing issues with the company with the result of a settlement figure and introduction of land and buildings to the company which will be recorded in the following years trading figures.