Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr J F Denbow 13/02/2007 Mr S P Irvine 13/02/2007 27 November 2023 The principal activity of the company for the financial year was that of fishing and trawling. 06100946 2023-02-28 06100946 bus:Director1 2023-02-28 06100946 bus:Director2 2023-02-28 06100946 2022-02-28 06100946 core:CurrentFinancialInstruments 2023-02-28 06100946 core:CurrentFinancialInstruments 2022-02-28 06100946 core:Non-currentFinancialInstruments 2023-02-28 06100946 core:Non-currentFinancialInstruments 2022-02-28 06100946 core:ShareCapital 2023-02-28 06100946 core:ShareCapital 2022-02-28 06100946 core:RevaluationReserve 2023-02-28 06100946 core:RevaluationReserve 2022-02-28 06100946 core:RetainedEarningsAccumulatedLosses 2023-02-28 06100946 core:RetainedEarningsAccumulatedLosses 2022-02-28 06100946 core:PatentsTrademarksLicencesConcessionsSimilar 2022-02-28 06100946 core:OtherResidualIntangibleAssets 2022-02-28 06100946 core:PatentsTrademarksLicencesConcessionsSimilar 2023-02-28 06100946 core:OtherResidualIntangibleAssets 2023-02-28 06100946 core:PlantMachinery 2022-02-28 06100946 core:OtherPropertyPlantEquipment 2022-02-28 06100946 core:PlantMachinery 2023-02-28 06100946 core:OtherPropertyPlantEquipment 2023-02-28 06100946 2022-03-01 2023-02-28 06100946 bus:FullAccounts 2022-03-01 2023-02-28 06100946 bus:SmallEntities 2022-03-01 2023-02-28 06100946 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 06100946 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06100946 bus:Director1 2022-03-01 2023-02-28 06100946 bus:Director2 2022-03-01 2023-02-28 06100946 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2022-03-01 2023-02-28 06100946 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-03-01 2023-02-28 06100946 core:PlantMachinery core:TopRangeValue 2022-03-01 2023-02-28 06100946 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-03-01 2023-02-28 06100946 2021-03-01 2022-02-28 06100946 core:PatentsTrademarksLicencesConcessionsSimilar 2022-03-01 2023-02-28 06100946 core:OtherResidualIntangibleAssets 2022-03-01 2023-02-28 06100946 core:PlantMachinery 2022-03-01 2023-02-28 06100946 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 06100946 core:Non-currentFinancialInstruments 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 06100946 (England and Wales)

JFD TRAWLERS LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

JFD TRAWLERS LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

JFD TRAWLERS LIMITED

COMPANY INFORMATION

For the financial year ended 28 February 2023
JFD TRAWLERS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTORS Mr J F Denbow
Mr S P Irvine
SECRETARY Mr J F Denbow
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 06100946 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
JFD TRAWLERS LIMITED

BALANCE SHEET

As at 28 February 2023
JFD TRAWLERS LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 936,143 1,120,343
Tangible assets 4 506,660 608,035
1,442,803 1,728,378
Current assets
Debtors 5 68,640 348,548
Cash at bank and in hand 521,993 545,667
590,633 894,215
Creditors: amounts falling due within one year 6 ( 9,463) ( 52,697)
Net current assets 581,170 841,518
Total assets less current liabilities 2,023,973 2,569,896
Creditors: amounts falling due after more than one year 7 ( 11,579) ( 261,859)
Provision for liabilities ( 197,283) ( 212,377)
Net assets 1,815,111 2,095,660
Capital and reserves
Called-up share capital 2 2
Revaluation reserve 1,240,525 1,510,416
Profit and loss account 574,584 585,242
Total shareholders' funds 1,815,111 2,095,660

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of JFD Trawlers Limited (registered number: 06100946) were approved and authorised for issue by the Board of Directors on 27 November 2023. They were signed on its behalf by:

Mr J F Denbow
Director
JFD TRAWLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
JFD TRAWLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JFD Trawlers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the invoiced value of goods and service supplied by the company, net of value added tax and trade discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Other intangible assets 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 10 years straight line
Other property, plant and equipment 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Trademarks, patents
and licences
Other intangible assets Total
£ £ £
Cost
At 01 March 2022 732,000 1,110,000 1,842,000
At 28 February 2023 732,000 1,110,000 1,842,000
Accumulated amortisation
At 01 March 2022 292,800 428,857 721,657
Charge for the financial year 73,200 111,000 184,200
At 28 February 2023 366,000 539,857 905,857
Net book value
At 28 February 2023 366,000 570,143 936,143
At 28 February 2022 439,200 681,143 1,120,343

4. Tangible assets

Plant and machinery Other property, plant
and equipment
Total
£ £ £
Cost
At 01 March 2022 6,345 1,007,400 1,013,745
At 28 February 2023 6,345 1,007,400 1,013,745
Accumulated depreciation
At 01 March 2022 1,270 404,440 405,710
Charge for the financial year 635 100,740 101,375
At 28 February 2023 1,905 505,180 507,085
Net book value
At 28 February 2023 4,440 502,220 506,660
At 28 February 2022 5,075 602,960 608,035

5. Debtors

2023 2022
£ £
Trade debtors 16,680 1,450
Corporation tax 2,202 0
Other debtors 49,758 347,098
68,640 348,548

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,463 34,186
Taxation and social security 0 15,711
Other creditors 3,000 2,800
9,463 52,697

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 11,579 261,859

There are no amounts included above in respect of which any security has been given by the small entity.