The Fish People (Scotland) Limited - Accounts to registrar (filleted) - small 18.2

The Fish People (Scotland) Limited - Accounts to registrar (filleted) - small 18.2

THE FISH PEOPLE (SCOTLAND) LIMITED - Company Information

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REGISTERED NUMBER: SC338564 (Scotland)















THE FISH PEOPLE (SCOTLAND) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2018





JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT








THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FISH PEOPLE (SCOTLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH MARCH 2018







DIRECTOR: A Bell



SECRETARY: T Bell



REGISTERED OFFICE: 11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BUSINESS ADDRESS: 350a Scotland Street
Glasgow
G5 8QF



REGISTERED NUMBER: SC338564 (Scotland)



ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BANKERS: Santander
Shawlands Branch
110 Kilmarnock Road
Glasgow
G41 3NN
Page 1
THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

BALANCE SHEET
30TH MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 274,000 301,400
Tangible assets 5 115,336 94,033
389,336 395,433

CURRENT ASSETS
Stocks 35,250 25,500
Debtors 6 776,290 635,379
Cash at bank and in hand 1,371,928 1,202,066
2,183,468 1,862,945
CREDITORS
Amounts falling due within one year 7 651,162 592,579
NET CURRENT ASSETS 1,532,306 1,270,366
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,921,642
1,665,799

PROVISIONS FOR LIABILITIES 19,950 16,632
NET ASSETS 1,901,692 1,649,167

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,901,691 1,649,166
SHAREHOLDERS' FUNDS 1,901,692 1,649,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2018 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...
THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

BALANCE SHEET - continued
30TH MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19th November 2018 and were signed by:





A Bell - Director


The notes form part of these financial statements

Page 3
THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MARCH 2018


1. STATUTORY INFORMATION

The Fish People (Scotland) Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

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

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.

Page 4 continued...
THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MARCH 2018


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 22 (2017 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31st March 2017
and 30th March 2018 548,000
AMORTISATION
At 31st March 2017 246,600
Charge for year 27,400
At 30th March 2018 274,000
NET BOOK VALUE
At 30th March 2018 274,000
At 30th March 2017 301,400

Page 5 continued...
THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MARCH 2018


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st March 2017 205,754
Additions 64,895
Disposals (29,500 )
At 30th March 2018 241,149
DEPRECIATION
At 31st March 2017 111,721
Charge for year 31,076
Eliminated on disposal (16,984 )
At 30th March 2018 125,813
NET BOOK VALUE
At 30th March 2018 115,336
At 30th March 2017 94,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 504,090 427,432
Other debtors 272,200 207,947
776,290 635,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 440,093 366,033
Taxation and social security 92,516 51,160
Other creditors 118,553 175,386
651,162 592,579

8. OTHER FINANCIAL COMMITMENTS

Total amount of commitments guarantees and contingencies is £115,916 (2017 - £139,635). This amount
consists of operating lease commitments payable over the next 8 years.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the director .

Page 6 continued...
THE FISH PEOPLE (SCOTLAND) LIMITED (REGISTERED NUMBER: SC338564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MARCH 2018


9. RELATED PARTY DISCLOSURES - continued

The director has advanced the company an interest free loan of £82,067 (2017 - £138,098). There is no fixed
term of repayment.

The other debtors balance includes £169,946 (2017 - £168,984) due from a company in which the director has
share interests.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Bell.

Page 7