Seafast Cold-Chain Logistics Limited

The principal activity of the company in the year under review was that of refrigerated warehousing and storage facilities and distribution for land transport activities. GOING CONCERN The Company made an operating profit of £179,406 (2023: £818,528) and the balance sheet as at 31 December 2024 shows deficit in shareholders' funds of £3,515,247 (2023: £3,843,555). The losses were driven pre-dominantly by the initial setup of the new distribution centre. The Directors are pleased to see that now that the facility is fully operational the Company delivered profits in 2023 and 2024. The Company continues to meet its day to day working capital requirements through operating cash flows and finances all investment via financing from the other group companies. The Company has received assurances from its fellow group members that they will continue to offer financial support, as needed, for at least 12 months from the date of approving these accounts. Having considered all the relevant facts the directors consider it is appropriate to prepare the financial statements on a going concern basis.