Blue Sky Fishing Ltd - Accounts to registrar (filleted) - small 18.2
Blue Sky Fishing Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2018 |
| for |
| Blue Sky Fishing Ltd |
| Blue Sky Fishing Ltd (Registered number: SC563759) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Blue Sky Fishing Ltd |
| Company Information |
| for the Year Ended 31 December 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| 2 Cross Street |
| Fraserburgh |
| Aberdeenshire |
| AB43 9EQ |
| Blue Sky Fishing Ltd (Registered number: SC563759) |
| Balance Sheet |
| 31 December 2018 |
| 31.12.18 | 31.12.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| 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 director on |
| Blue Sky Fishing Ltd (Registered number: SC563759) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2018 |
| 1. | STATUTORY INFORMATION |
| Blue Sky Fishing Ltd is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in UK £ sterling. |
| Going concern |
| The director, having made due and careful enquiry, is of the opinion that the company has adequate working |
| capital to execute its operations over the next 12 months. The director, therefore, has made an informed |
| judgement, at the time of approving the financial statements, that there is reasonable expectation that the |
| company has adequate resources to continue in operational existence for the foreseeable future. As a result, the |
| director has continued to adopt the going concern basis of accounting in preparing the annual financial |
| statements. |
| Turnover |
| Turnover represents amounts receivable for services provided in the normal course of business, net of discounts |
| and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company |
| and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised |
| in the accounting period to which it relates. |
| Fishing licence |
| Fishing licence is presented at valuation. No amortisation has been provided for in the period as the directors |
| believe that it has an indefinite useful life and that the value stated is a fair reflection of current value. |
| Tangible fixed assets |
| Fishing vessel | - |
| Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at |
| the end of each accounting period. |
| Taxation |
| Taxation for the year comprises current 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 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 balance sheet date. |
| Debtors and creditors receivable /payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
| transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
| administrative costs. |
| Current asset investments |
| The current asset investment is stated at cost as there is no practical means by which a market value can be |
| placed on the investment held without undue cost and effort. |
| Blue Sky Fishing Ltd (Registered number: SC563759) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 3. | INTANGIBLE FIXED ASSETS |
| Fishing |
| licence |
| £ |
| COST |
| At 1 January 2018 |
| and 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fishing |
| vessel |
| £ |
| COST |
| At 1 January 2018 |
| and 31 December 2018 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for year |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Trade debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Unlisted investments | 3,000 | 3,000 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Other creditors |
| Directors' current accounts | 6,823 | 44,200 |
| Accrued expenses |
| Blue Sky Fishing Ltd (Registered number: SC563759) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
| value: | £ | £ |
| Ordinary | £1 | 10,000 | 10,000 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2018 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2018 | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| The director, Mr A.Mutch, operates a current account with the company and as at the financial year end the |
| balance owing to him was £6,823. Whilst the loan is considered short term, there are no fixed terms of repayment |
| and no interest is accrued. |