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REGISTERED NUMBER: SC090171 (Scotland)















Financial Statements for the Year Ended 30 April 2023

for

K M T (Fisheries) Limited

K M T (Fisheries) Limited (Registered number: SC090171)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


K M T (Fisheries) Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: K M Thomson





SECRETARY: K M Thomson





REGISTERED OFFICE: 61 Drumsmittal Road
North Kessock
Ross-shire
IV1 3JU





REGISTERED NUMBER: SC090171 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

K M T (Fisheries) Limited (Registered number: SC090171)

Abridged Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 24,565 26,996
24,565 26,996

CURRENT ASSETS
Cash at bank 131 1,720

CREDITORS
Amounts falling due within one year 9,071 9,021
NET CURRENT LIABILITIES (8,940 ) (7,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,625

19,695

CAPITAL AND RESERVES
Called up share capital 100 100
Non Distributable Reserve 6 - 875
Retained earnings 15,525 18,720
SHAREHOLDERS' FUNDS 15,625 19,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

K M T (Fisheries) Limited (Registered number: SC090171)

Abridged Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 November 2023 and were signed by:





K M Thomson - Director


K M T (Fisheries) Limited (Registered number: SC090171)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

K M T (Fisheries) 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022
and 30 April 2023 2,432
DEPRECIATION
At 1 May 2022
and 30 April 2023 2,432
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 May 2022 4,502
Impairments (2,431 )
At 30 April 2023 2,071
NET BOOK VALUE
At 30 April 2023 2,071
At 30 April 2022 4,502

K M T (Fisheries) Limited (Registered number: SC090171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2023 is represented by:
Totals
£   
Valuation in 2019 (5,445 )
Valuation in 2020 (4,930 )
Valuation in 2021 2,410
Valuation in 2022 (3,711 )
Valuation in 2023 (2,431 )
Cost 16,178
2,071

If listed investments had not been revalued they would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 16,085 16,085
Aggregate provisions (14,014 ) (11,583 )

Listed investments were valued on an open market basis basis on 30 April 2023 by Interactive Investor .

Investments (neither listed nor unlisted) were as follows:
30.4.23 30.4.22
£    £   
Investment in Joint Venture 22,494 22,494

6. RESERVES
Non
Distributable
Reserve
£   
At 1 May 2022 875
Revaluation (875 )

At 30 April 2023 -

7. ULTIMATE CONTROLLING PARTY

Mrs A Thomson is the ultimate controlling party.