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REGISTERED NUMBER: 04707456 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

M R DURRANS FISHING LTD

M R DURRANS FISHING LTD (REGISTERED NUMBER: 04707456)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M R DURRANS FISHING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs M D Durrans



SECRETARY: Mrs M D Durrans



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 04707456 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds
31 Fore Street
Totnes
Devon
TQ9 5HH

M R DURRANS FISHING LTD (REGISTERED NUMBER: 04707456)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,004 205,098

CURRENT ASSETS
Debtors 5 6,547 3,916
Cash at bank 60,895 41,588
67,442 45,504
CREDITORS
Amounts falling due within one year 6 111,066 100,365
NET CURRENT LIABILITIES (43,624 ) (54,861 )
TOTAL ASSETS LESS CURRENT LIABILITIES 169,380 150,237

CREDITORS
Amounts falling due after more than one
year

7

(58,675

)

(77,902

)

PROVISIONS FOR LIABILITIES (40,471 ) (38,969 )
NET ASSETS 70,234 33,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,134 33,266
SHAREHOLDERS' FUNDS 70,234 33,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

M R DURRANS FISHING LTD (REGISTERED NUMBER: 04707456)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





Mrs M D Durrans - Director


M R DURRANS FISHING LTD (REGISTERED NUMBER: 04707456)

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


1. STATUTORY INFORMATION

M R Durrans Fishing Ltd 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.

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
Fishing Boat - 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Fishing Motor Computer
machinery Boat vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 141,360 257,748 - 5,173 404,281
Additions 10,714 3,811 22,350 - 36,875
Disposals (1,603 ) - - - (1,603 )
At 31 December 2023 150,471 261,559 22,350 5,173 439,553
DEPRECIATION
At 1 January 2023 105,792 90,587 - 2,804 199,183
Charge for year 9,232 13,078 5,588 950 28,848
Eliminated on disposal (1,482 ) - - - (1,482 )
At 31 December 2023 113,542 103,665 5,588 3,754 226,549
NET BOOK VALUE
At 31 December 2023 36,929 157,894 16,762 1,419 213,004
At 31 December 2022 35,568 167,161 - 2,369 205,098

M R DURRANS FISHING LTD (REGISTERED NUMBER: 04707456)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 431 640
VAT 3,179 678
Prepayments 2,937 2,598
6,547 3,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,234 30,294
Trade creditors 2,913 1,166
Tax 19,019 12,288
Social security and other taxes 46 -
Directors' current accounts 66,436 54,223
Accrued expenses 2,418 2,394
111,066 100,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 22,827 41,379
Bank loans more 5 yr by instal 35,848 36,523
58,675 77,902

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,848 36,523

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs M D Durrans
Balance outstanding at start of year (54,224 ) (72,175 )
Amounts advanced 40,868 40,960
Amounts repaid (53,080 ) (23,009 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (66,436 ) (54,224 )

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,100 (2022 - £7,400) were paid to the director .