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
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
Isle of Skye Mussel Company Limited
Statement of financial position
as at 30 April 2023
Intangible assets
2,500
3,000
Tangible assets
26,364
31,972
Cash at bank and in hand
2,953
6,598
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)
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
Isle of Skye Mussel Company Limited
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
At 30 April 2023
183,572
1,139
184,711
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
At 30 April 2023
26,364
-
26,364
At 30 April 2022
31,972
-
31,972
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,500
7,500
Other creditors
15,380
15,375
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
11,626
10,900
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).