Oceanic Seafoods Limited in Lancaster, LA1 2RX

Description

Data updated on: 01-11-2023

Registered with number 06996833 15 years ago, Oceanic Seafoods Limited was set up as a Private Limited Company. The company's actual office address is 201 Riverway House, Morecambe Road Lancaster. The firm's classified under the NACE and SIC code 46900 and has the NACE code: Non-specialised wholesale trade. Oceanic Seafoods Ltd filed its account information for the period up to Monday 28th February 2022. The company's most recent confirmation statement was released on Tuesday 17th October 2023.

As stated, the firm was established in Thu, 20th Aug 2009 and has so far been overseen by four directors, out of whom two (Beverley R. and James W.) are still participating in the company's duties. Additionally, the director's responsibilities are often helped with by a secretary - James W., who joined the firm on Mon, 20th Aug 2012.

James W. is the individual who has control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-02-28	2018-02-28	2022-02-28	2023-02-28
Currency

Balance Sheet
Cash Bank On Hand	676 528	704 235	836 373	1 387 175
Current Assets	5 062 529	5 524 582	4 946 325	10 153 785
Debtors	4 320 489	4 635 053	2 780 852	5 906 063
Net Assets Liabilities	934 683	1 222 713	936 199	1 088 402
Other Debtors	2 282	1 863	190 983	21 642
Property Plant Equipment	7 035	11 279	56 732	109 073
Total Inventories	65 512	185 294	1 329 100	2 860 547

Other Financial Data
Audit Fees Expenses			6 950	7 645
Accumulated Depreciation Impairment Property Plant Equipment	19 267	24 648	65 377	79 435
Additions Other Than Through Business Combinations Property Plant Equipment		9 628		66 399
Administration Support Average Number Employees			6	7
Administrative Expenses			567 714	626 743
Applicable Tax Rate			19	19
Average Number Employees During Period	4	5	7	8
Balances Amounts Owed By Related Parties	2 026 650	3 478 368
Balances Amounts Owed To Related Parties	31 995	30 925
Balances With Banks			835 455	1 385 829
Bank Borrowings			2 311 753	4 392 784
Cash Cash Equivalents			836 373	1 387 175
Cash Cash Equivalents Cash Flow Value			836 373
Cash On Hand			918	1 346
Comprehensive Income Expense				1 064 295
Cost Sales			31 800 506	49 799 204
Creditors	4 133 474	4 310 995	4 052 675	9 147 188
Current Tax For Period			133 245	244 347
Deferred Income			448 321	1 501 240
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			462	13 085
Deferred Tax Liabilities			14 183	27 268
Depreciation Amortisation Expense			16 899	14 058
Depreciation Expense Property Plant Equipment			16 899	14 058
Dividends Paid			-25 000	-912 092
Dividends Paid Classified As Financing Activities			-25 000	-912 092
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities				2 478 507
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			-486 790	-1 454 610
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			-306 918	3 125 211
Gain Loss In Cash Flows From Change In Deferred Items			272 903	1 052 919
Gain Loss In Cash Flows From Change In Inventories			-715 060	1 531 447
Gross Profit Loss			1 215 974	1 971 001
Income From Related Parties	16 259 389	20 053 562	1 935 065
Income Taxes Paid Refund Classified As Operating Activities			44 789	135 870
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			272 593	550 802
Increase Decrease In Existing Provisions				13 085
Increase Decrease In Net Debt From Cash Flows				-1 530 229
Increase From Depreciation Charge For Year Property Plant Equipment		5 381		14 058
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			6 181	116 906
Interest Paid Classified As Financing Activities			-6 181	-116 906
Interest Paid Classified As Operating Activities			6 181	116 906
Interest Payable Similar Charges Finance Costs			4 328	22 531
Key Management Personnel Compensation Short-term Employee Benefits	40 124	51 618
Loss On Financing Activities Due To Foreign Exchange Differences			-1 853	-94 375
Merchandise			1 102 077	2 724 946
Net Cash Flows From Used In Financing Activities			-2 131 381	1 449 509
Net Cash Flows From Used In Operating Activities			2 405 390	-832 308
Net Cash Generated From Operations			2 450 179	-696 438
Net Cash Inflow Outflow From Operations Before Movements In Working Capital			668 508	1 452 691
Net Current Assets Liabilities	929 055	1 213 587	893 650	1 006 597
Net Debt Funds			-1 475 380	-3 005 609
Nominal Value Allotted Share Capital	180 000	180 000
Number Shares Issued Fully Paid	180 000	180 000	90 000	90 000
Other Creditors	99 038	140 781
Other Departments Average Number Employees			1	1
Other Operating Income Format1			1 496
Other Payables Accrued Expenses			147 012	92 549
Other Remaining Borrowings				397 476
Par Value Share		1		1
Payments To Redeem Own Shares			-1 000 000
Payments To Related Parties	8 125	1 728
Pension Costs Defined Contribution Plan			1 636	25 059
Prepayments			143 540	116 422
Profit Loss			511 721	1 064 295
Profit Loss On Ordinary Activities Before Tax			645 428	1 321 727
Property Plant Equipment Gross Cost	26 299	35 927	122 109	188 508
Provisions			14 183	27 268
Provisions For Liabilities Balance Sheet Subtotal	1 407	2 153	14 183	27 268
Purchase Property Plant Equipment			-1 416	-66 399
Raw Materials Consumables	65 512	185 294	227 023	135 601
Repayments Borrowings Classified As Financing Activities			-1 100 200
Revenue From Commissions			50 000	55 944
Revenue From Sale Goods			32 966 480	51 714 261
Social Security Costs			11 412	16 677
Staff Costs Employee Benefits Expense			184 812	264 845
Taxation Social Security Payable	1 637	3 169	4 687	5 858
Tax Expense Credit Applicable Tax Rate			122 631	251 128
Tax Increase Decrease From Effect Capital Allowances Depreciation			3 323	-644
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			7 753	6 948
Tax Tax Credit On Profit Or Loss On Ordinary Activities			133 707	257 432
Total Assets Less Current Liabilities	936 090	1 224 866	950 382	1 115 670
Total Borrowings	31 995	30 925	2 311 753	4 790 260
Total Operating Lease Payments			19 800	19 800
Trade Creditors Trade Payables	4 000 804	4 136 120	1 007 211	2 511 797
Trade Debtors Trade Receivables	4 318 207	4 633 190	2 446 329	5 767 999
Turnover Revenue			33 016 480	51 770 205
Unpaid Contributions To Pension Schemes			447	3 763
Wages Salaries			171 764	223 109
Amount Specific Advance Or Credit Directors			-169 420	397 476
Amount Specific Advance Or Credit Made In Period Directors			-196 951	-345 196
Amount Specific Advance Or Credit Repaid In Period Directors				912 092
Director Remuneration	8 040	8 150	23 222	75 561