IRIS Accounts Production v23.3.1.45 05807929 director 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058079292022-05-31058079292023-05-31058079292022-06-012023-05-31058079292021-05-31058079292021-06-012022-05-31058079292022-05-3105807929ns10:Originalns15:EnglandWales2022-06-012023-05-3105807929ns14:PoundSterlingns10:Original2022-06-012023-05-3105807929ns10:Originalns10:Director12022-06-012023-05-3105807929ns10:Original2022-06-012023-05-3105807929ns10:Original2023-05-3105807929ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105807929ns10:Originalns10:SmallEntities2022-06-012023-05-3105807929ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105807929ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105807929ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3105807929ns10:Originalns10:FullAccounts2022-06-012023-05-3105807929ns10:Original12022-06-012023-05-3105807929ns10:CompanySecretary1ns10:Original2022-06-012023-05-3105807929ns10:Originalns10:RegisteredOffice2022-06-012023-05-3105807929ns10:Original2022-05-3105807929ns10:Originalns5:CurrentFinancialInstruments2023-05-3105807929ns10:Originalns5:CurrentFinancialInstruments2022-05-3105807929ns10:Originalns5:Non-currentFinancialInstruments2023-05-3105807929ns10:Originalns5:Non-currentFinancialInstruments2022-05-3105807929ns5:ShareCapitalns10:Original2023-05-3105807929ns5:ShareCapitalns10:Original2022-05-3105807929ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3105807929ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3105807929ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3105807929ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-06-012023-05-3105807929ns10:Original2021-06-012022-05-3105807929ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-05-3105807929ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-3105807929ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-05-3105807929ns10:Originalns5:LeaseholdImprovements2022-05-3105807929ns10:Originalns5:PlantMachinery2022-05-3105807929ns10:Originalns5:MotorVehicles2022-05-3105807929ns10:Original2022-05-3105807929ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-3105807929ns10:Originalns5:PlantMachinery2022-06-012023-05-3105807929ns10:Originalns5:MotorVehicles2022-06-012023-05-3105807929ns10:Originalns5:LeaseholdImprovements2023-05-3105807929ns10:Originalns5:PlantMachinery2023-05-3105807929ns10:Originalns5:MotorVehicles2023-05-3105807929ns10:Originalns5:LeaseholdImprovements2022-05-3105807929ns10:Originalns5:PlantMachinery2022-05-3105807929ns10:Originalns5:MotorVehicles2022-05-3105807929ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105807929ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3105807929ns10:Originalns5:CurrentFinancialInstruments2022-06-012023-05-31
REGISTERED NUMBER: 05807929 (England and Wales)












T B D FISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023






T B D FISHING LIMITED (REGISTERED NUMBER: 05807929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T B D FISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: T J Bowman-Davies





SECRETARY:





REGISTERED OFFICE: Castle Chambers, 6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB





REGISTERED NUMBER: 05807929 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

T B D FISHING LIMITED (REGISTERED NUMBER: 05807929)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 88,500 60,000
Tangible assets 5 362,351 383,498
450,851 443,498

CURRENT ASSETS
Debtors 6 41,172 27,570
Cash at bank 55,008 2
96,180 27,572
CREDITORS
Amounts falling due within one year 7 345,286 302,251
NET CURRENT LIABILITIES (249,106 ) (274,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,745

168,819

CREDITORS
Amounts falling due after more than one
year

8

31,043

40,930
NET ASSETS 170,702 127,889

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 170,701 127,888
SHAREHOLDERS' FUNDS 170,702 127,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

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 23 February 2024 and were signed by:





T J Bowman-Davies - Director


T B D FISHING LIMITED (REGISTERED NUMBER: 05807929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

T B D Fishing Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

T B D FISHING LIMITED (REGISTERED NUMBER: 05807929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 June 2022 60,000
Additions 28,500
At 31 May 2023 88,500
NET BOOK VALUE
At 31 May 2023 88,500
At 31 May 2022 60,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
Boat Machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022 156,352 433,526 37,345 627,223
Additions - 17,494 - 17,494
At 31 May 2023 156,352 451,020 37,345 644,717
DEPRECIATION
At 1 June 2022 - 225,927 17,798 243,725
Charge for year - 33,756 4,885 38,641
At 31 May 2023 - 259,683 22,683 282,366
NET BOOK VALUE
At 31 May 2023 156,352 191,337 14,662 362,351
At 31 May 2022 156,352 207,599 19,547 383,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,419 17,424
Other debtors 13,753 10,146
41,172 27,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,249
Trade creditors 17,300 23,902
Taxation and social security 67 13
Other creditors 327,919 273,087
345,286 302,251

Included in other creditors is the directors loan account of £325,584 (2022 £258,035).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,043 40,930

T B D FISHING LIMITED (REGISTERED NUMBER: 05807929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. RELATED PARTY DISCLOSURES

The company used boats owned by T J Bowman-Davies, there is no charge for the use of this boat.

During the year the company paid crew share to J Bowman-Davies (£33,669) and M Bowman-Davies (£11,530), the sons of the director. No amounts were outstanding at the year end.

10. ULTIMATE CONTROLLING PARTY

During the period under review the company was controlled by T J Bowman-Davies, by virtue of his 100% holding of the issued share capital.