Fraserburgh Inshore Limited - Accounts to registrar (filleted) - small 18.2
Fraserburgh Inshore Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2019 |
| for |
| Fraserburgh Inshore Fishermen Limited |
| Fraserburgh Inshore Fishermen Limited (Registered number: SC091375) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Fraserburgh Inshore Fishermen Limited |
| Company Information |
| for the Year Ended 30 November 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| Glebefield House |
| 21 Links Terrace |
| Peterhead |
| Aberdeenshire |
| AB42 2XA |
| Fraserburgh Inshore Fishermen Limited (Registered number: SC091375) |
| Balance Sheet |
| 30 November 2019 |
| 30.11.19 | 30.11.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Fraserburgh Inshore Fishermen Limited (Registered number: SC091375) |
| Balance Sheet - continued |
| 30 November 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Fraserburgh Inshore Fishermen Limited (Registered number: SC091375) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2019 |
| 1. | STATUTORY INFORMATION |
| Fraserburgh Inshore Fishermen Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Fraserburgh Inshore Fishermen Limited (Registered number: SC091375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Motor | Computer |
| leasehold | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 November 2019 |
| DEPRECIATION |
| At 1 December 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| At 30 November 2018 |
| Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at |
| the end of each accounting period. |
| The property has been valued at fair value on 30th November 2019 by the company directors. Gains are |
| recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply |
| when the properties are sold. No deferred taxation is required to be provided in this year. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 30.11.19 | 30.11.18 |
| £ | £ |
| MarineCo Limited | 1,527 | 1,527 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Fraserburgh Inshore Fishermen Limited (Registered number: SC091375) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 8. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 December 2018 |
| and 30 November 2019 |