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LIMITLESS SEA FISHING LIMITED

Registered Number
13855212
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2023

LIMITLESS SEA FISHING LIMITED
Company Information
for the period from 18 January 2022 to 31 January 2023

Directors

CARMICHAEL, Alisha
STEAD, Christopher Paul

Registered Address

8 Ashmore Terrace
Sunderland
SR2 7DE

Registered Number

13855212 (England and Wales)
LIMITLESS SEA FISHING LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

£

£

Current assets
Stocks54,809
Debtors61,418
Cash at bank and on hand2,053
8,280
Creditors amounts falling due within one year7(2,908)
Net current assets (liabilities)5,372
Total assets less current liabilities5,372
Creditors amounts falling due after one year8(550)
Net assets4,822
Capital and reserves
Called up share capital1
Profit and loss account4,821
Shareholders' funds4,822
The financial statements were approved and authorised for issue by the Board of Directors on 16 October 2023, and are signed on its behalf by:
CARMICHAEL, Alisha
Director
STEAD, Christopher Paul
Director

Registered Company No. 13855212
LIMITLESS SEA FISHING LIMITED
Notes to the Financial Statements
for the period ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

2023
Average number of employees during the year2
5.Stocks

2023

£
Finished goods4,809
Total4,809
6.Debtors

2023

£
Trade debtors / trade receivables1,418
Total1,418
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

£
Amounts owed to related parties400
Taxation and social security1,644
Accrued liabilities and deferred income864
Total2,908
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

£
Amounts owed to related parties550
Total550