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REGISTERED NUMBER: SC385136 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Bud 8685 Fishing Co. Ltd.

Bud 8685 Fishing Co. Ltd. (Registered number: SC385136)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bud 8685 Fishing Co. Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr A D Hay
Mrs L I Hay





REGISTERED OFFICE: 2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ





REGISTERED NUMBER: SC385136 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

Bud 8685 Fishing Co. Ltd. (Registered number: SC385136)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 4 1,095 1,925
Cash at bank 29,298 25,044
30,393 26,969
CREDITORS
Amounts falling due within one year 5 19,403 16,871
NET CURRENT ASSETS 10,990 10,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,990

10,098

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6 10,988 10,096
SHAREHOLDERS' FUNDS 10,990 10,098

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 30 August 2024 and were signed on its behalf by:





Mr A D Hay - Director


Bud 8685 Fishing Co. Ltd. (Registered number: SC385136)

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

1. STATUTORY INFORMATION

Bud 8685 Fishing Co. 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 1,095 1,925

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 17,253 15,195
Directors' current accounts 439 -
Accrued expenses 1,711 1,676
19,403 16,871

Bud 8685 Fishing Co. Ltd. (Registered number: SC385136)

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

6. RESERVES
Retained
earnings
£   

At 1 December 2022 10,096
Profit for the year 64,798
Dividends (63,906 )
At 30 November 2023 10,988

7. RELATED PARTY DISCLOSURES

The directors operate current accounts with the company and as at 30th November 2023 the combined balance owing to them was £439 (2022: Nil). There are no fixed terms of repayment and no interest is accrued.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who between them own 100% of the issued share capital.