IRIS Accounts Production v22.1.4.3 SC334881 director 1.1.21 31.12.21 31.12.21 0 0 false true false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3348812020-12-31SC3348812021-12-31SC3348812021-01-012021-12-31SC3348812019-12-31SC3348812020-01-012020-12-31SC3348812020-12-31SC334881ns16:Scotland2021-01-012021-12-31SC334881ns15:PoundSterling2021-01-012021-12-31SC334881ns11:Director12021-01-012021-12-31SC334881ns11:PrivateLimitedCompanyLtd2021-01-012021-12-31SC334881ns11:SmallEntities2021-01-012021-12-31SC334881ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-31SC334881ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-31SC334881ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-31SC334881ns11:FullAccounts2021-01-012021-12-31SC334881ns11:OrdinaryShareClass12021-01-012021-12-31SC334881ns11:CompanySecretary12021-01-012021-12-31SC334881ns11:RegisteredOffice2021-01-012021-12-31SC334881ns6:CurrentFinancialInstruments2021-12-31SC334881ns6:CurrentFinancialInstruments2020-12-31SC334881ns6:ShareCapital2021-12-31SC334881ns6:ShareCapital2020-12-31SC334881ns6:RetainedEarningsAccumulatedLosses2021-12-31SC334881ns6:RetainedEarningsAccumulatedLosses2020-12-31SC334881ns6:LandBuildings2021-01-012021-12-31SC334881ns6:LandBuildings2020-12-31SC334881ns6:LandBuildings2021-12-31SC334881ns6:LandBuildings2020-12-31SC334881ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31SC334881ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31SC334881ns11:OrdinaryShareClass12021-12-31
REGISTERED NUMBER: SC334881 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

A G R FISHING CO. LTD.

A G R FISHING CO. LTD. (REGISTERED NUMBER: SC334881)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A G R FISHING CO. LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: A B Ritchie





SECRETARY: Mrs L Strachan





REGISTERED OFFICE: 14 Charleston
St Combs
Fraserburgh
Aberdeenshire
AB43 8YT





REGISTERED NUMBER: SC334881 (Scotland)

A G R FISHING CO. LTD. (REGISTERED NUMBER: SC334881)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 156,271 160,253

CURRENT ASSETS
Debtors 6 4,322 4,322
Cash at bank 10,001 10,073
14,323 14,395
CREDITORS
Amounts falling due within one year 7 136,606 136,277
NET CURRENT LIABILITIES (122,283 ) (121,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,988

38,371

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 33,986 38,369
SHAREHOLDERS' FUNDS 33,988 38,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 11 July 2022 and were signed by:





A B Ritchie - Director


A G R FISHING CO. LTD. (REGISTERED NUMBER: SC334881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

A G R Fishing Co. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

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.

A G R FISHING CO. LTD. (REGISTERED NUMBER: SC334881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2021
and 31 December 2021 199,377
DEPRECIATION
At 1 January 2021 39,124
Charge for year 3,982
At 31 December 2021 43,106
NET BOOK VALUE
At 31 December 2021 156,271
At 31 December 2020 160,253

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 3,496 3,496
Other debtors 826 826
4,322 4,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 46,295 44,981
Taxation and social security 2,086 1,241
Other creditors 88,225 90,055
136,606 136,277

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 ordinary £1 2 2