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FINANCIAL STATEMENTS
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CONTENTS
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PAGES
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Officers and professional advisers
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1
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Strategic report
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2 to 3
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Directors' report
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4 to 6
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Independent auditor's report to the members
|
7 to 10
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Consolidated profit and loss account
|
11 to 12
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Consolidated balance sheet
|
13
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Balance sheet
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14
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Consolidated statement of changes in equity
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15 to 16
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Company statement of changes in equity
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17
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Consolidated cash flow statement
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18 to 19
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Notes to the financial statements
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20 to 38
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OFFICERS AND PROFESSIONAL ADVISERS
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The board of directors
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Company secretary
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Registered office
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Auditor
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Chartered Accountants & statutory auditor
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Cedar House
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Hazell Drive
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Newport
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NP10 8FY
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STRATEGIC REPORT
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2021 | 2020 | |||
£'000 | £'000 | |||
Turnover | 109,042 | 94,389 | ||
Gross Profit (%) | 20 | 19 | ||
Operating profit | 3,536 | 3,970 | ||
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Director
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Director
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DIRECTORS' REPORT
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Unit
|
2021
|
2020
|
|
Emissions resulting from Gaseous and other fuels (Scope 1)
|
tCO2e
|
32,645
|
32,645
|
Emissions resulting from transportation (Scope 1)
|
tCO2e
|
1,655,706
|
1,565,383
|
Emissions resulting from the purchase of electricity (Scope 2)
|
tCO2e
|
1,020,861
|
944,254
|
------------
|
------------
|
||
Total emissions
|
tCO2e
|
2,709,212
|
2,542,282
|
Total energy consumption
|
kWh
|
4,378,749
|
4,050,158
|
Intensity metric - tCO2e per £'000 of revenue
|
0.03
|
0.03
|
|
------------
|
------------
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||
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Director
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Director
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered Accountants & statutory auditor
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Cedar House
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Hazell Drive
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Newport
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NP10 8FY
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CONSOLIDATED PROFIT AND LOSS ACCOUNT
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2021
|
2020
|
||||||
Continuing operations
|
Discont'd operations
|
Total
|
Continuing operations
|
Discont'd operations
|
Total
|
||
Note
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
|
TURNOVER
|
4
|
|
–
|
|
|
–
|
|
Cost of sales
|
(
|
–
|
(
|
(
|
–
|
(
|
---------
|
----
|
---------
|
--------
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----
|
--------
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|
GROSS PROFIT
|
|
–
|
|
|
–
|
|
Distribution costs
|
(
|
–
|
(
|
(
|
–
|
(
|
|
Administrative expenses
|
(
|
–
|
(
|
(
|
–
|
(
|
|
Other operating income
|
5
|
|
–
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|
|
–
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|
--------
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----
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--------
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--------
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----
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--------
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||
OPERATING PROFIT
|
6
|
|
–
|
|
|
–
|
|
Income from shares in group undertakings
|
–
|
–
|
–
|
–
|
|
|
|
Income from interests in associates
|
10
|
(
|
–
|
(
|
|
–
|
|
Share of loss of joint ventures
|
17
|
(
|
–
|
(
|
–
|
–
|
–
|
Other interest receivable and similar income
|
11
|
|
–
|
|
–
|
–
|
–
|
Amounts written back to investments
|
–
|
–
|
–
|
(
|
–
|
(
|
|
Interest payable and similar expenses
|
12
|
(
|
–
|
(
|
(
|
–
|
(
|
--------
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----
|
--------
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--------
|
-------
|
--------
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||
PROFIT BEFORE TAXATION
|
|
–
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|
|
|
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Tax on profit
|
13
|
(
|
–
|
(
|
(
|
–
|
(
|
-------
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----
|
-------
|
-------
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-------
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-------
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||
PROFIT FOR THE FINANCIAL YEAR
|
|
–
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|
|
|
|
|
-------
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----
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-------
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-------
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-------
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-------
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||
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CONSOLIDATED PROFIT AND LOSS ACCOUNT (continued)
|
2021
|
2020
|
|||||
Continuing operations
|
Discont'd operations
|
Total
|
Continuing operations
|
Discont'd operations
|
Total
|
|
Note
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
Revaluation of tangible assets
|
|
|
||||
Foreign currency retranslation
|
(
|
(
|
||||
Tax relating to components of other comprehensive income
|
(
|
(
|
||||
-------
|
----
|
|||||
OTHER COMPREHENSIVE INCOME FOR THE YEAR
|
|
|
||||
-------
|
-------
|
|||||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
|
|
|
||||
-------
|
-------
|
|||||
The owners of the parent company
|
|
|
||||
Non-controlling interests
|
|
|
||||
-------
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-------
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|||||
|
|
|||||
-------
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-------
|
|||||
The owners of the parent company
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|
|
||||
Non-controlling interests
|
|
|
||||
-------
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-------
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|||||
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|
|||||
-------
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-------
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|||||
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CONSOLIDATED BALANCE SHEET
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2021
|
2020
|
|
Note
|
£000
|
£000
|
Intangible assets
|
15
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|
Tangible assets
|
16
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Investments:
|
17
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||
Investments in associates
|
(202)
|
(144)
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|
Investments in joint-ventures
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(27)
|
–
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|
--------
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--------
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||
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||
Stocks
|
18
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Debtors
|
19
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Cash at bank and in hand
|
|
|
|
--------
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--------
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||
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||
CREDITORS: amounts falling due within one year
|
21
|
(
|
(
|
--------
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--------
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||
NET CURRENT ASSETS
|
|
|
|
--------
|
--------
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||
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
|
|
CREDITORS: amounts falling due after more than one year
|
22
|
(
|
(
|
PROVISIONS
|
24
|
(
|
(
|
--------
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--------
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||
NET ASSETS
|
|
|
|
--------
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--------
|
||
Called up share capital
|
28
|
|
|
Profit and loss account
|
29
|
|
|
--------
|
--------
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||
EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT COMPANY
|
|
|
|
NON-CONTROLLING INTERESTS
|
|
|
--------
|
--------
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|
|
|
|
--------
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--------
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|
|
|
Director
|
Director
|
|
BALANCE SHEET
|
2021
|
2020
|
|
Note
|
£000
|
£000
|
Tangible assets
|
16
|
|
|
Investments
|
17
|
|
|
--------
|
--------
|
||
|
|
||
Debtors
|
19
|
|
|
Cash at bank and in hand
|
|
–
|
|
-------
|
-------
|
||
|
|
||
CREDITORS: amounts falling due within one year
|
21
|
(
|
(
|
-------
|
-------
|
||
NET CURRENT LIABILITIES
|
(
|
(
|
|
--------
|
--------
|
||
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
|
|
CREDITORS: amounts falling due after more than one year
|
22
|
(
|
(
|
PROVISIONS
|
24
|
(
|
(
|
--------
|
--------
|
||
NET ASSETS
|
|
|
|
--------
|
--------
|
||
Called up share capital
|
28
|
|
|
Profit and loss account
|
29
|
|
|
--------
|
-------
|
||
SHAREHOLDERS FUNDS
|
|
|
|
--------
|
-------
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||
|
|
Director
|
Director
|
|
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
|
Called up share capital
|
Revaluation reserve
|
Profit and loss account
|
Equity attributable to the owners of the parent company
|
Non-controlling interests
|
Total
|
|||
Note
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
||
AT 1 JANUARY 2020
|
|
–
|
|
|
(
|
|
||
Profit for the year
|
|
|
|
|
||||
Other comprehensive income for the year:
|
||||||||
Revaluation of tangible assets
|
16
|
–
|
|
–
|
|
–
|
|
|
Foreign currency retranslation
|
–
|
–
|
(
|
(
|
–
|
(
|
||
Reclassification from revaluation reserve to profit and loss account
|
–
|
(
|
|
–
|
–
|
–
|
||
Tax relating to components of other comprehensive income
|
13
|
–
|
(
|
–
|
(
|
–
|
(
|
|
----
|
----
|
--------
|
--------
|
-------
|
--------
|
|||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
|
–
|
–
|
|
|
|
|
||
Dividends paid and payable
|
14
|
–
|
–
|
(
|
(
|
–
|
(
|
|
Disposal of subsidiary with minority interest
|
–
|
–
|
–
|
–
|
338
|
338
|
||
----
|
----
|
--------
|
--------
|
-------
|
--------
|
|||
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
|
–
|
–
|
(
|
(
|
|
(
|
||
AT 31 DECEMBER 2020
|
|
–
|
|
|
|
|
||
|
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
|
Called up share capital
|
Revaluation reserve
|
Profit and loss account
|
Equity attributable to the owners of the parent company
|
Non-controlling interests
|
Total
|
|||
Note
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
||
Profit for the year
|
|
|
|
|
||||
Other comprehensive income for the year:
|
||||||||
Revaluation of tangible assets
|
16
|
–
|
|
–
|
|
–
|
|
|
Foreign currency retranslation
|
–
|
–
|
(
|
(
|
–
|
(
|
||
Reclassification from revaluation reserve to profit and loss account
|
–
|
(
|
|
–
|
–
|
–
|
||
Tax relating to components of other comprehensive income
|
13
|
–
|
(
|
–
|
(
|
–
|
(
|
|
----
|
-------
|
--------
|
--------
|
-------
|
--------
|
|||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
|
–
|
–
|
|
|
|
|
||
Dividends paid and payable
|
14
|
–
|
–
|
(
|
(
|
–
|
(
|
|
----
|
----
|
----
|
----
|
----
|
----
|
|||
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
|
–
|
–
|
(
|
(
|
–
|
(
|
||
----
|
----
|
--------
|
--------
|
-------
|
--------
|
|||
AT 31 DECEMBER 2021
|
|
–
|
|
|
|
|
||
----
|
----
|
--------
|
--------
|
-------
|
--------
|
|||
|
COMPANY STATEMENT OF CHANGES IN EQUITY
|
Called up share capital
|
Profit and loss account
|
Total
|
||
£000
|
£000
|
£000
|
||
AT 1 JANUARY 2020
|
|
|
|
|
Profit for the year
|
|
|
||
----
|
-------
|
-------
|
||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
|
–
|
|
|
|
Dividends paid and payable
|
14
|
–
|
(
|
(
|
----
|
-------
|
-------
|
||
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
|
–
|
(
|
(
|
|
AT 31 DECEMBER 2020
|
|
|
|
|
Profit for the year
|
|
|
||
----
|
-------
|
-------
|
||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
|
–
|
|
|
|
Dividends paid and payable
|
14
|
–
|
(
|
(
|
----
|
----
|
----
|
||
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
|
–
|
(
|
(
|
|
----
|
--------
|
--------
|
||
AT 31 DECEMBER 2021
|
|
|
|
|
----
|
--------
|
--------
|
||
|
CONSOLIDATED CASH FLOW STATEMENT
|
2021
|
2020
|
|
Note
|
£000
|
£000
|
Profit for the financial year
|
|
|
Adjustments for:
|
||
Depreciation of tangible assets
|
|
|
Amortisation of intangible assets
|
|
|
Impairment of intangible assets
|
–
|
|
Amounts written back to investments
|
–
|
17
|
Government grant income
|
(
|
(
|
Income from shares in group undertakings
|
–
|
338
|
Income from interests in associates
|
|
(
|
Share of profit of joint ventures
|
|
–
|
Other interest receivable and similar income
|
(
|
–
|
Interest payable and similar expenses
|
|
|
Loss on disposal of tangible assets
|
|
|
Tax on profit
|
|
|
Accrued expenses/(income)
|
|
(
|
Changes in:
|
||
Stocks
|
(
|
(
|
Trade and other debtors
|
(
|
|
Trade and other creditors
|
(
|
(
|
Provisions and employee benefits
|
–
|
(
|
-------
|
-------
|
|
Cash generated from operations
|
(
|
|
Interest paid
|
(
|
(
|
Interest received
|
|
–
|
Tax paid
|
(
|
(
|
-------
|
-------
|
|
Net cash (used in)/from operating activities
|
(
|
|
-------
|
-------
|
|
Purchase of tangible assets
|
(
|
(
|
Proceeds from sale of tangible assets
|
|
|
Purchase of intangible assets
|
–
|
(
|
Proceeds from sale of subsidiaries
|
|
–
|
-------
|
-------
|
|
Net cash used in investing activities
|
(
|
(
|
-------
|
-------
|
|
Repayments of borrowings
|
(
|
(
|
Proceeds from loans from participating interests
|
|
|
Government grant income
|
|
|
Payments of finance lease liabilities
|
|
(
|
Dividends paid
|
(
|
(
|
Directors loan account movements
|
374
|
464
|
-------
|
-------
|
|
Net cash from/(used in) financing activities
|
|
(
|
-------
|
-------
|
|
|
CONSOLIDATED CASH FLOW STATEMENT (continued)
|
2021
|
2020
|
||
Note
|
£000
|
£000
|
|
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS
|
(
|
|
|
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
|
175
|
(12)
|
|
-------
|
----
|
||
CASH AND CASH EQUIVALENTS AT END OF YEAR
|
20
|
(
|
|
-------
|
----
|
||
|
NOTES TO THE FINANCIAL STATEMENTS
|
Goodwill
|
-
|
|
|
Patents, trademarks and licences
|
-
|
|
|
Freehold property
|
-
|
2% straight line on buildings and nil on land
|
|
Long Leasehold property
|
-
|
over life of the lease
|
|
Short Leasehold property
|
-
|
over life of the lease
|
|
Plant and machinery
|
-
|
|
|
Fixtures and Fittings
|
-
|
|
|
Motor vehicles
|
-
|
|
|
Computer equipment
|
-
|
33
% reducing balance
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Sale of goods
|
|
|
---------
|
--------
|
|
2021
|
2020
|
|
£000
|
£000
|
|
United Kingdom
|
|
|
Overseas
|
|
|
---------
|
--------
|
|
|
|
|
---------
|
--------
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Government grant income
|
|
|
Other operating income
|
|
|
-------
|
-------
|
|
|
|
|
-------
|
-------
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Amortisation of intangible assets
|
|
|
Depreciation of tangible assets
|
831
|
|
Loss on disposal of tangible assets
|
|
|
Impairment of trade debtors
|
595
|
181
|
Operating lease rentals
|
–
|
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Fees payable for the audit of the financial statements
|
|
|
----
|
----
|
|
Taxation compliance services
|
|
|
----
|
----
|
|
2021
|
2020
|
|
No.
|
No.
|
|
Number of staff
|
691
|
675
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Other pension costs
|
|
|
--------
|
-------
|
|
|
|
|
--------
|
-------
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Remuneration
|
|
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Dividends from interests in associates
|
(57)
|
120
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Interest on loans and receivables
|
1
|
–
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Interest on banks loans and overdrafts
|
|
|
Interest on obligations under finance leases and hire purchase contracts
|
|
|
Other interest payable and similar charges
|
|
|
----
|
----
|
|
|
|
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
UK current tax expense
|
|
|
Adjustments in respect of prior periods
|
–
|
|
----
|
----
|
|
Total current tax
|
|
|
----
|
----
|
|
Origination and reversal of timing differences
|
|
|
----
|
----
|
|
Tax on profit
|
|
|
----
|
----
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Profit on ordinary activities before taxation
|
|
|
-------
|
-------
|
|
Profit on ordinary activities by rate of tax
|
|
|
Adjustment to tax charge in respect of prior periods
|
|
(6)
|
Effect of expenses not deductible for tax purposes
|
|
|
Effect of capital allowances and depreciation
|
|
–
|
Effect of different UK tax rates on some earnings
|
(43)
|
(135)
|
Rounding on tax charge
|
(
4)
|
137
|
Super deduction
|
(69)
|
–
|
Consolidation adjustments
|
20
|
(255)
|
Tax on associates / joint ventures
|
16
|
(23)
|
-------
|
-------
|
|
Tax on profit
|
|
|
-------
|
-------
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
|
|
|
----
|
----
|
|
Group
|
Goodwill
|
Patents, trademarks and licences
|
Total
|
£000
|
£000
|
£000
|
|
Cost
|
|||
At 1 January 2021 and 31 December 2021
|
|
|
|
-------
|
----
|
-------
|
|
Amortisation
|
|||
At 1 January 2021
|
|
|
|
Charge for the year
|
|
|
|
-------
|
----
|
-------
|
|
At 31 December 2021
|
|
|
|
-------
|
----
|
-------
|
|
Carrying amount
|
|||
At 31 December 2021
|
|
|
|
-------
|
----
|
-------
|
|
At 31 December 2020
|
|
|
|
-------
|
----
|
-------
|
|
Group
|
Land and buildings
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
£000
|
£000
|
£000
|
£000
|
£000
|
|
Cost or valuation
|
|||||
At 1 January 2021
|
|
|
|
|
|
Additions
|
|
|
|
|
|
Disposals
|
–
|
(
|
–
|
(
|
(
|
Revaluations
|
|
–
|
–
|
–
|
|
--------
|
-------
|
-------
|
-------
|
--------
|
|
At 31 December 2021
|
|
|
|
|
|
--------
|
-------
|
-------
|
-------
|
--------
|
|
Depreciation
|
|||||
At 1 January 2021
|
|
|
|
|
|
Charge for the year
|
|
|
|
|
|
Disposals
|
–
|
(
|
–
|
(
|
(
|
Revaluations
|
(
|
–
|
–
|
–
|
(
|
--------
|
-------
|
-------
|
-------
|
--------
|
|
At 31 December 2021
|
|
|
|
|
|
--------
|
-------
|
-------
|
-------
|
--------
|
|
Carrying amount
|
|||||
At 31 December 2021
|
|
|
|
|
|
--------
|
-------
|
-------
|
-------
|
--------
|
|
At 31 December 2020
|
|
|
|
|
|
--------
|
-------
|
-------
|
-------
|
--------
|
|
Company
|
Investment property
|
Leasehold Investment property
|
Total
|
£000
|
£000
|
£000
|
|
Cost or valuation
|
|||
At 1 January 2021
|
|
|
|
Revaluations
|
|
–
|
|
--------
|
-------
|
--------
|
|
At 31 December 2021
|
|
|
|
--------
|
-------
|
--------
|
|
Depreciation
|
|||
At 1 January 2021 and 31 December 2021
|
–
|
–
|
–
|
--------
|
-------
|
--------
|
|
Carrying amount
|
|||
At 31 December 2021
|
|
|
|
--------
|
-------
|
--------
|
|
At 31 December 2020
|
|
|
|
--------
|
-------
|
--------
|
|
Group
|
Land and buildings
|
£000
|
|
At 31 December 2021
|
|
Aggregate cost
|
17,650
|
Aggregate depreciation
|
(2,075)
|
--------
|
|
Carrying value
|
|
--------
|
|
At 31 December 2020
|
|
Aggregate cost
|
17,531
|
Aggregate depreciation
|
(2,320)
|
--------
|
|
Carrying value
|
|
--------
|
|
Group
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
£000
|
£000
|
£000
|
|
At 31 December 2021
|
|
|
|
----
|
-------
|
-------
|
|
At 31 December 2020
|
|
|
|
----
|
-------
|
-------
|
|
Group
|
Shares in group undertakings
|
Interests in associates
|
Joint ventures
|
Total
|
£000
|
£000
|
£000
|
£000
|
|
Share of net assets/cost
|
||||
At 1 January 2021
|
–
|
(
|
–
|
(
|
Disposals
|
(
|
–
|
–
|
(
|
Share of profit or loss
|
(
|
(
|
(
|
|
Movements in equity
|
(
|
–
|
(
|
|
Other movements
|
–
|
|
–
|
|
----
|
----
|
----
|
----
|
|
At 31 December 2021
|
(
|
(
|
(
|
(
|
----
|
----
|
----
|
----
|
|
Impairment
|
||||
At 1 January 2021
|
–
|
–
|
–
|
–
|
Disposals
|
(
|
–
|
–
|
(
|
----
|
----
|
----
|
----
|
|
At 31 December 2021
|
(
|
–
|
–
|
(
|
----
|
----
|
----
|
----
|
|
Carrying amount
|
||||
At 31 December 2021
|
–
|
(
|
(
|
(
|
----
|
----
|
----
|
----
|
|
At 31 December 2020
|
–
|
(
|
–
|
(
|
----
|
----
|
----
|
----
|
|
Company
|
Shares in group undertakings
|
£000
|
|
Cost
|
|
At 1 January 2021
|
|
Disposals
|
(
|
----
|
|
At 31 December 2021
|
|
----
|
|
Impairment
|
|
At 1 January 2021
|
|
Disposals
|
(
|
----
|
|
At 31 December 2021
|
–
|
----
|
|
Carrying amount
|
|
At 31 December 2021
|
|
----
|
|
At 31 December 2020
|
|
----
|
|
Registered office
|
Class of share
|
Percentage of shares held
|
|
Subsidiary undertakings
|
|||
|
Ordinary
|
100
|
|
|
Ordinary
|
77.5
|
|
|
Bangladesh
|
Ordinary
|
59
|
|
Bangladesh
|
Ordinary
|
59
|
|
USA
|
Ordinary
|
100
|
|
USA
|
Ordinary
|
85
|
|
Ordinary
|
75
|
|
|
Ordinary
|
100
|
|
|
Ordinary
|
100
|
|
Other significant holdings
|
|||
Horizon Seafoods Limited
|
Bangladesh
|
Ordinary
|
49
|
Saidowla (PVT) Enterprise Limited
|
Bangladesh
|
Ordinary
|
49
|
RSJ Group Holdings Limited
|
Ordinary
|
50
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Stock
|
|
|
–
|
–
|
--------
|
-------
|
----
|
----
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Trade debtors
|
|
|
|
|
Amounts owed by group undertakings
|
–
|
–
|
|
|
Amounts owed by undertakings in which the company has a participating interest
|
|
|
|
|
Prepayments and accrued income
|
|
|
–
|
–
|
Other debtors
|
|
|
|
|
--------
|
--------
|
-------
|
-------
|
|
|
|
|
|
|
--------
|
--------
|
-------
|
-------
|
|
2021
|
2020
|
|
£000
|
£000
|
|
Cash at bank and in hand
|
|
|
Bank overdrafts
|
(
|
–
|
-------
|
----
|
|
(
|
|
|
-------
|
----
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Bank loans and overdrafts
|
|
|
|
|
Trade creditors
|
|
|
–
|
–
|
Amounts owed to group undertakings
|
–
|
–
|
|
|
Amounts owed to undertakings in which the company has a participating interest
|
|
|
–
|
–
|
Accruals and deferred income
|
|
|
|
|
Corporation tax
|
|
|
|
|
Social security and other taxes
|
|
|
|
|
Obligations under finance leases and hire purchase contracts
|
|
|
–
|
–
|
Director loan accounts
|
|
|
|
–
|
Other taxes
|
365
|
670
|
–
|
–
|
Sales financing
|
–
|
4,713
|
–
|
–
|
Other creditors
|
|
|
|
|
--------
|
--------
|
-------
|
-------
|
|
|
|
|
|
|
--------
|
--------
|
-------
|
-------
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Bank loans and overdrafts
|
|
|
|
|
Obligations under finance leases and hire purchase contracts
|
|
|
–
|
–
|
-------
|
-------
|
-------
|
-------
|
|
|
|
|
|
|
-------
|
-------
|
-------
|
-------
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Not later than 1 year
|
|
|
–
|
–
|
Later than 1 year and not later than 5 years
|
|
|
–
|
–
|
-------
|
----
|
----
|
----
|
|
|
|
–
|
–
|
|
-------
|
----
|
----
|
----
|
|
Group
|
Deferred tax (note 25)
|
£000
|
|
At 1 January 2021
|
|
Additions
|
|
-------
|
|
At 31 December 2021
|
|
-------
|
|
Company
|
Deferred tax (note 25)
|
£000
|
|
At 1 January 2021
|
|
Additions
|
|
-------
|
|
At 31 December 2021
|
|
-------
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Included in provisions (note 24)
|
|
|
|
|
-------
|
-------
|
-------
|
-------
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Accelerated capital allowances
|
|
(
|
–
|
–
|
Revaluation of tangible assets
|
|
|
|
|
Deferred tax - other timing differences
|
(19)
|
(24)
|
–
|
–
|
-------
|
-------
|
-------
|
-------
|
|
3,911
|
1,655
|
3,266
|
1,397
|
|
-------
|
-------
|
-------
|
-------
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Government grants recognised directly in income
|
|
|
–
|
–
|
----
|
----
|
----
|
----
|
|
2021
|
2020
|
|||
No.
|
£000
|
No.
|
£000
|
|
|
|
30
|
|
30
|
--------
|
----
|
--------
|
----
|
|
At 1 Jan 2021
|
Cash flows
|
At 31 Dec 2021
|
|
£000
|
£000
|
£000
|
|
Cash at bank and in hand
|
|
334
|
|
Bank overdrafts
|
–
|
(6,745)
|
(6,745)
|
Debt due within one year
|
(5,700)
|
3,968
|
(1,732)
|
Debt due after one year
|
(8,768)
|
(178)
|
(8,946)
|
--------
|
-------
|
--------
|
|
(
|
(
|
(
|
|
--------
|
-------
|
--------
|
|
Group
|
Company
|
|||
2021
|
2020
|
2021
|
2020
|
|
£000
|
£000
|
£000
|
£000
|
|
Not later than 1 year
|
|
|
–
|
–
|
Later than 1 year and not later than 5 years
|
|
|
–
|
–
|
-------
|
-------
|
----
|
----
|
|
|
|
–
|
–
|
|
-------
|
-------
|
----
|
----
|
|
|
NOTES TO THE FINANCIAL STATEMENTS (continued)
|
2021 | 2020 | |
£000 | £000 | |
Saidowla (Pvt) Enterprise Limited (associate) | 1,397 | 1,302 |
Horizon Seafoods Limited (associate) | 462 | 454 |
RSJ Group Holdings Limited (joint venture) | 100 | – |
---------- | ---------- | |
1,959 | 1,756 | |
---------- | ---------- | |
Saidowla (Pvt) Enterprise Limited (associate) | (278) | (176) |
---------- | ---------- | |
(278) | (176) | |
---------- | ---------- | |
S & B Developments Limited (common director) | 283 | 330 |
---------- | ---------- | |
283 | 330 | |
---------- | ---------- | |
Rosemco Foods Ltd (common director) | (157) | (172) |
---------- | ---------- | |
(157) | (172) | |
---------- | ---------- | |
2021 | 2020 | |||
Sales | Purchases | Sales | Purchases | |
£'000 | £'000 | £ | £ | |
S & B Developments Limited (common director) | – | 1,135 | – | 1,227 |
Saidowla (Pvt) Enterprise Limited (associate) | – | 376 | – | 2,203 |
Rosemco Foods Ltd (common director) | – | 3,494 | – | 6,689 |