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COMPANY REGISTRATION NUMBER: 01985355
FISHER MARINE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
FISHER MARINE LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Intangible assets
4
958
CURRENT ASSETS
Cash at bank and in hand
73,674
73,127
CREDITORS: amounts falling due within one year
5
11,202
10,824
---------
---------
NET CURRENT ASSETS
62,472
62,303
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
62,472
63,261
---------
---------
NET ASSETS
62,472
63,261
---------
---------
FISHER MARINE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
500
500
Capital redemption reserve
500
500
Profit and loss account
61,472
62,261
---------
---------
SHAREHOLDER FUNDS
62,472
63,261
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 October 2023 , and are signed on behalf of the board by:
Ms S L Daley
Director
Company registration number: 01985355
FISHER MARINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is North Barn, Broughton Hall Estate, Skipton, North Yorkshire, BD23 3AE.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
4. INTANGIBLE ASSETS
Number Plate
£
Cost
At 1 February 2022
958
Additions
Disposals
( 958)
----
At 31 January 2023
----
Amortisation
At 1 February 2022 and 31 January 2023
----
Carrying amount
At 31 January 2023
----
At 31 January 2022
958
----
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Other creditors
11,202
10,824
---------
---------
6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director had an unsecured interest free loan with the company. The directors loan account was in credit throughout the year and is repayable on demand.