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REGISTERED NUMBER: NI624998 (Northern Ireland)









Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Campbell Trawlers Ltd

Campbell Trawlers Ltd (Registered number: NI624998)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Campbell Trawlers Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr G Campbell
Mrs E Campbell





REGISTERED OFFICE: Building 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ





BUSINESS ADDRESS: 47 Moor Road
Kilkeel
BT34 4NG





REGISTERED NUMBER: NI624998 (Northern Ireland)





ACCOUNTANTS: KGA Accountants LLP
Building 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ

Campbell Trawlers Ltd (Registered number: NI624998)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 714,711 714,711
Tangible assets 5 600,534 593,105
1,315,245 1,307,816

CURRENT ASSETS
Debtors 45,215 4,531
Cash at bank and in hand 278,979 264,539
324,194 269,070
CREDITORS
Amounts falling due within one year 122,222 382,605
NET CURRENT ASSETS/(LIABILITIES) 201,972 (113,535 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,517,217 1,194,281

CREDITORS
Amounts falling due after more than one year 6 (352,296 ) (160,008 )

PROVISIONS FOR LIABILITIES (100,575 ) (90,509 )
NET ASSETS 1,064,346 943,764

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,063,346 942,764
SHAREHOLDERS' FUNDS 1,064,346 943,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Campbell Trawlers Ltd (Registered number: NI624998)

Abridged Balance Sheet - continued
30 June 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 Income Statement and an abridged Balance Sheet for the year ended 30 June 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 Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mr G Campbell - Director


Campbell Trawlers Ltd (Registered number: NI624998)

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

1. STATUTORY INFORMATION

Campbell Trawlers Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest £.

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.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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.

Boat Licence are being amortised evenly over their estimated useful life of nil years.

Fishing Quota 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.
Plant and machinery - 20% on reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

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.


Campbell Trawlers Ltd (Registered number: NI624998)

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

2. ACCOUNTING POLICIES - continued
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 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 714,711
NET BOOK VALUE

At 30 June 2023 714,711
At 30 June 2022 714,711

Campbell Trawlers Ltd (Registered number: NI624998)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 726,453
Additions 21,566
Disposals (350 )
At 30 June 2023 747,669
DEPRECIATION
At 1 July 2022 133,348
Charge for year 13,994
Eliminated on disposal (207 )
At 30 June 2023 147,135
NET BOOK VALUE
At 30 June 2023 600,534
At 30 June 2022 593,105

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Preference shares 250,000 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 162,055 221,811

There is a fixed and floating charge over all company assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000

Campbell Trawlers Ltd (Registered number: NI624998)

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

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr GW Campbell and Mrs LE Campbell