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REGISTERED NUMBER: SC317922 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

DDS Fishing Ltd.

DDS Fishing Ltd. (Registered number: SC317922)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DDS Fishing Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Stephen
Mrs D M Stephen





REGISTERED OFFICE: 20 Cairn Close
Memsie
Fraserburgh
Aberdeenshire
AB43 7FE





REGISTERED NUMBER: SC317922 (Scotland)





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

DDS Fishing Ltd. (Registered number: SC317922)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,320 12,880
Tangible assets 5 11,345 12,854
23,665 25,734

CURRENT ASSETS
Debtors 6 482 526
Cash at bank 58,209 39,494
58,691 40,020
CREDITORS
Amounts falling due within one year 7 12,791 10,051
NET CURRENT ASSETS 45,900 29,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,565

55,703

PROVISIONS FOR LIABILITIES 4,641 4,890
NET ASSETS 64,924 50,813

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 64,914 50,803
64,924 50,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DDS Fishing Ltd. (Registered number: SC317922)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:





Mr D Stephen - Director


DDS Fishing Ltd. (Registered number: SC317922)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

DDS 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
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.

Vessel Licences are being amortised evenly over their estimated useful life of twenty five years.

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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DDS Fishing Ltd. (Registered number: SC317922)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 14,000
AMORTISATION
At 1 April 2023 1,120
Charge for year 560
At 31 March 2024 1,680
NET BOOK VALUE
At 31 March 2024 12,320
At 31 March 2023 12,880

5. TANGIBLE FIXED ASSETS
Fixtures
Fishing and Motor Computer
Vessel fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 19,000 376 2,200 723 22,299
DEPRECIATION
At 1 April 2023 7,125 206 1,504 610 9,445
Charge for year 1,188 34 174 113 1,509
At 31 March 2024 8,313 240 1,678 723 10,954
NET BOOK VALUE
At 31 March 2024 10,687 136 522 - 11,345
At 31 March 2023 11,875 170 696 113 12,854

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 482 526

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 792 -
Taxation and social security 10,492 7,972
Other creditors 1,507 2,079
12,791 10,051