1 May 2022 false No description of principal activity Taxfiler 2023.10 SC266613business:PrivateLimitedCompanyLtd2022-05-012023-04-30 SC2666132022-04-30 SC2666132022-05-012023-04-30 SC266613business:AuditExempt-NoAccountantsReport2022-05-012023-04-30 SC266613business:FilletedAccounts2022-05-012023-04-30 SC2666132023-04-30 SC266613business:Director12022-05-012023-04-30 SC266613business:Director22022-05-012023-04-30 SC266613business:RegisteredOffice2022-05-012023-04-30 SC2666132022-04-30 SC266613core:WithinOneYear2023-04-30 SC266613core:WithinOneYear2022-04-30 SC266613core:AfterOneYear2023-04-30 SC266613core:AfterOneYear2022-04-30 SC266613core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC266613core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 SC266613core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC266613core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 SC266613core:PreviouslyStatedAmount2023-04-30 SC266613core:PreviouslyStatedAmount2022-04-30 SC266613business:SmallEntities2022-05-012023-04-30 SC266613countries:Scotland2022-05-012023-04-30 SC266613core:PlantMachinery2022-05-012023-04-30 SC266613core:Goodwill2022-04-30 SC266613core:Goodwill2023-04-30 SC266613core:Goodwill2022-05-012023-04-30 SC266613core:PlantMachinery2022-04-30 SC266613core:ComputerEquipment2022-04-30 SC266613core:ComputerEquipment2022-05-012023-04-30 SC266613core:PlantMachinery2023-04-30 SC266613core:ComputerEquipment2023-04-30 SC2666132021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC266613 (Scotland)
Isle of Skye Mussel Company Limited Unaudited accounts for the year ended 30 April 2023
Isle of Skye Mussel Company Limited Unaudited accounts Contents
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Isle of Skye Mussel Company Limited Company Information for the year ended 30 April 2023
Directors
Judith Brown Andrew Airnes
Company Number
SC266613 (Scotland)
Registered Office
FLOATING FARM CROFT 3 GILLEAN ACHNACLOICH HIGHLAND IV46 8SB SCOTLAND
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Isle of Skye Mussel Company Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,500 
3,000 
Tangible assets
26,364 
31,972 
28,864 
34,972 
Current assets
Debtors
- 
3,397 
Cash at bank and in hand
2,953 
6,598 
2,953 
9,995 
Creditors: amounts falling due within one year
(22,880)
(22,956)
Net current liabilities
(19,927)
(12,961)
Total assets less current liabilities
8,937 
22,011 
Creditors: amounts falling due after more than one year
(32,376)
(39,150)
Net liabilities
(23,439)
(17,139)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(23,539)
(17,239)
Shareholders' funds
(23,439)
(17,139)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Andrew Airnes Director Company Registration No. SC266613
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Isle of Skye Mussel Company Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Isle of Skye Mussel Company Limited is a private company, limited by shares, registered in Scotland, registration number SC266613. The registered office is FLOATING FARM CROFT, 3 GILLEAN, ACHNACLOICH, HIGHLAND, IV46 8SB, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
10,000 
At 30 April 2023
10,000 
Amortisation
At 1 May 2022
7,000 
Charge for the year
500 
At 30 April 2023
7,500 
Net book value
At 30 April 2023
2,500 
At 30 April 2022
3,000 
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Isle of Skye Mussel Company Limited Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
182,589 
1,139 
183,728 
Additions
1,483 
- 
1,483 
Disposals
(500)
- 
(500)
At 30 April 2023
183,572 
1,139 
184,711 
Depreciation
At 1 May 2022
150,617 
1,139 
151,756 
Charge for the year
6,591 
- 
6,591 
At 30 April 2023
157,208 
1,139 
158,347 
Net book value
At 30 April 2023
26,364 
- 
26,364 
At 30 April 2022
31,972 
- 
31,972 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
3,397 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,500 
7,500 
Trade creditors
- 
81 
Other creditors
15,380 
15,375 
22,880 
22,956 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,750 
28,250 
Loans from directors
11,626 
10,900 
32,376 
39,150 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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