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REGISTERED NUMBER: SC488224 (Scotland)















Unaudited Financial Statements

for the Period

1 November 2022 to 31 August 2023

for

Saltire Fishing Ltd

Saltire Fishing Ltd (Registered number: SC488224)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Saltire Fishing Ltd

Company Information
for the Period 1 November 2022 to 31 August 2023







DIRECTOR: Mr G J Clark





REGISTERED OFFICE: 4 Mormond Avenue
Fraserburgh
Aberdeenshire
AB43 9PD





REGISTERED NUMBER: SC488224 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Saltire Fishing Ltd (Registered number: SC488224)

Balance Sheet
31 August 2023

31.8.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,911

CURRENT ASSETS
Debtors 5 - 456
Cash at bank 11,263 860
11,263 1,316
CREDITORS
Amounts falling due within one year 6 51,558 48,807
NET CURRENT LIABILITIES (40,295 ) (47,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,295

)

(37,580

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (40,395 ) (37,680 )
SHAREHOLDERS' FUNDS (40,295 ) (37,580 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 13 February 2024 and were signed by:





Mr G J Clark - Director


Saltire Fishing Ltd (Registered number: SC488224)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 August 2023

1. STATUTORY INFORMATION

Saltire Fishing Ltd is a private company, limited by shares , registered in Scotland. 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
At 31 October 2022, the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the shareholders.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fishing vessel - 6.25% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fishing
vessel
£   
COST
At 1 November 2022 20,000
Disposals (20,000 )
At 31 August 2023 -
DEPRECIATION
At 1 November 2022 10,089
Eliminated on disposal (10,089 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 October 2022 9,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.10.22
£    £   
Other debtors - 456

Saltire Fishing Ltd (Registered number: SC488224)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.10.22
£    £   
Taxation and social security 1,798 -
Other creditors 49,760 48,807
51,558 48,807