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REGISTERED NUMBER: 11598341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

THE FISHING BULL LTD

THE FISHING BULL LTD (REGISTERED NUMBER: 11598341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FISHING BULL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: M Bull





REGISTERED OFFICE: 19 Pannett Way
Whitby
North Yorkshire
YO21 1NZ





REGISTERED NUMBER: 11598341 (England and Wales)

THE FISHING BULL LTD (REGISTERED NUMBER: 11598341)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 80,000 -
Tangible assets 6 178,975 17,449
258,975 17,449

CURRENT ASSETS
Debtors 7 17,545 23,907
Cash at bank 4,643 99,043
22,188 122,950
CREDITORS
Amounts falling due within one year 8 199,238 18,118
NET CURRENT (LIABILITIES)/ASSETS (177,050 ) 104,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,925

122,281

CREDITORS
Amounts falling due after more than one
year

9

(180,487

)

(146,211

)

PROVISIONS FOR LIABILITIES - (4,362 )
NET LIABILITIES (98,562 ) (28,292 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (98,662 ) (28,392 )
SHAREHOLDERS' FUNDS (98,562 ) (28,292 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 FISHING BULL LTD (REGISTERED NUMBER: 11598341)

BALANCE SHEET - continued
31 OCTOBER 2022


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 2 October 2023 and were signed by:





M Bull - Director


THE FISHING BULL LTD (REGISTERED NUMBER: 11598341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

The Fishing Bull Ltd is a private company, limited by shares , registered in England and Wales. 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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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.

Fishing licence and quota
Fishing licence and quota are presented at valuation. No amortisation has been provided for in the year as the director believes they have an indefinite useful life.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 6.25% on cost
Plant and machinery etc - 25% on reducing balance

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.

THE FISHING BULL LTD (REGISTERED NUMBER: 11598341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

3. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 1 (2021 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 80,000
At 31 October 2022 80,000
NET BOOK VALUE
At 31 October 2022 80,000

THE FISHING BULL LTD (REGISTERED NUMBER: 11598341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2021 - 34,523 34,523
Additions 181,908 - 181,908
Disposals - (28,023 ) (28,023 )
At 31 October 2022 181,908 6,500 188,408
DEPRECIATION
At 1 November 2021 - 17,074 17,074
Charge for year 5,675 914 6,589
Eliminated on disposal - (14,230 ) (14,230 )
At 31 October 2022 5,675 3,758 9,433
NET BOOK VALUE
At 31 October 2022 176,233 2,742 178,975
At 31 October 2021 - 17,449 17,449

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2021 28,023
Disposals (28,023 )
At 31 October 2022 -
DEPRECIATION
At 1 November 2021 14,230
Eliminated on disposal (14,230 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 13,793

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 17,545 23,907

THE FISHING BULL LTD (REGISTERED NUMBER: 11598341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 11,000 -
Hire purchase contracts - 6,786
Trade creditors 69,488 8,096
Taxation and social security 205 36
Other creditors 118,545 3,200
199,238 18,118

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 95,487 -
Hire purchase contracts - 3,958
Other creditors 85,000 142,253
180,487 146,211

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 51,487 -

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Bull.