TRJ Fishing Ltd - Accounts to registrar (filleted) - small 18.2

TRJ Fishing Ltd - Accounts to registrar (filleted) - small 18.2

TRJ FISHING LTD - Company Information

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REGISTERED NUMBER: SC415747 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

TRJ Fishing Ltd
TRJ Fishing Ltd (Registered number: SC415747)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

TRJ Fishing Ltd

Company Information
for the Year Ended 31 January 2022







DIRECTOR: T R Jack





REGISTERED OFFICE: Nah-Eileanan-Seunta
24 Aultrishan
Gairloch
Ross-Shire
IV21 2DZ





REGISTERED NUMBER: SC415747 (Scotland)





ACCOUNTANTS: Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND
Page 1
TRJ Fishing Ltd (Registered number: SC415747)

Abridged Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,645 11,527

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 3,492 14,594
Cash at bank 10,756 12,994
15,748 29,088
CREDITORS
Amounts falling due within one year 11,920 14,573
NET CURRENT ASSETS 3,828 14,515
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,473
26,042

CREDITORS
Amounts falling due after more than one year (4,896 ) (7,833 )

PROVISIONS FOR LIABILITIES (1,643 ) (2,190 )
NET ASSETS 5,934 16,019

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,834 15,919
SHAREHOLDERS' FUNDS 5,934 16,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
TRJ Fishing Ltd (Registered number: SC415747)

Abridged Balance Sheet - continued
31 January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 March 2022 and were signed by:





T R Jack - Director


The notes form part of these financial statements

Page 3
TRJ Fishing Ltd (Registered number: SC415747)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

TRJ Fishing Ltd is a private company, limited by shares , registered in Scotland. The 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the Company will receive the consideration due under the contract, the stage of completion of the contract at the end of the reporting period can be measured reliably and when the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non convertible preference shares and non puttable ordinary or preference shares are publicly traded or their fair value can otherwise be measured reliably , the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately.

All equity investments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Page 4 continued...
TRJ Fishing Ltd (Registered number: SC415747)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

2. ACCOUNTING POLICIES - continued

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021
and 31 January 2022 15,369
DEPRECIATION
At 1 February 2021 3,842
Charge for year 2,882
At 31 January 2022 6,724
NET BOOK VALUE
At 31 January 2022 8,645
At 31 January 2021 11,527

Page 5 continued...
TRJ Fishing Ltd (Registered number: SC415747)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
T R Jack
Balance outstanding at start of year 6,834 8,091
Amounts advanced 12,993 11,877
Amounts repaid (19,760 ) (13,134 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67 6,834

The loan is interest free, unsecured and has no fixed terms of repayment.

Page 6
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
TRJ Fishing Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRJ Fishing Ltd for the year ended 31 January 2022 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of TRJ Fishing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TRJ Fishing Ltd and state those matters that we have agreed to state to the director of TRJ Fishing Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that TRJ Fishing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TRJ Fishing Ltd. You consider that TRJ Fishing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TRJ Fishing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND


30 March 2022

This page does not form part of the statutory financial statements

Page 7