Registered number
NI639441
Achilles Fishing Limited
Filleted Accounts
31 July 2023
Achilles Fishing Limited
Registered number: NI639441
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 165,700 165,700
Current assets
Debtors 4 265,234 253,234
Cash at bank and in hand 55,187 3,755
320,421 256,989
Creditors: amounts falling due within one year 5 (135,274) (119,057)
Net current assets 185,147 137,932
Net assets 350,847 303,632
Capital and reserves
Called up share capital 200 200
Profit and loss account 350,647 303,432
Shareholders' funds 350,847 303,632
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Robert John McKee
Director
Approved by the board on 16 January 2024
Achilles Fishing Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from leasing of fishing quota.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. As the market value of the only fixed asset exceeds the book value, no depreciation or impairment is deemed necessary by the directors.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 165,700
At 31 July 2023 165,700
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 165,700
At 31 July 2022 165,700
4 Debtors 2023 2022
£ £
Trade debtors 78,000 66,000
Other debtors 187,234 187,234
265,234 253,234
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 11,344 6,117
Other creditors 123,930 112,940
135,274 119,057
6 Other information
Achilles Fishing Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Irvington Avenue
Kilkeel
Co.Down
BT34 4BH
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