IRIS Accounts Production v24.2.0.383 SC293437 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2934372022-11-30SC2934372023-11-30SC2934372022-12-012023-11-30SC2934372021-11-30SC2934372021-12-012022-11-30SC2934372022-11-30SC293437ns15:Scotland2022-12-012023-11-30SC293437ns14:PoundSterling2022-12-012023-11-30SC293437ns10:Director12022-12-012023-11-30SC293437ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC293437ns10:SmallEntities2022-12-012023-11-30SC293437ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC293437ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC293437ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC293437ns10:FullAccounts2022-12-012023-11-30SC29343712022-12-012023-11-30SC293437ns10:Director22022-12-012023-11-30SC293437ns10:CompanySecretary12022-12-012023-11-30SC293437ns10:RegisteredOffice2022-12-012023-11-30SC293437ns5:CurrentFinancialInstruments2023-11-30SC293437ns5:CurrentFinancialInstruments2022-11-30SC293437ns5:Non-currentFinancialInstruments2023-11-30SC293437ns5:Non-currentFinancialInstruments2022-11-30SC293437ns5:ShareCapital2023-11-30SC293437ns5:ShareCapital2022-11-30SC293437ns5:RetainedEarningsAccumulatedLosses2023-11-30SC293437ns5:RetainedEarningsAccumulatedLosses2022-11-30SC293437ns5:NetGoodwill2022-12-012023-11-30SC293437ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-12-012023-11-30SC293437ns5:PlantMachinery2022-12-012023-11-30SC293437ns5:FurnitureFittings2022-12-012023-11-30SC293437ns5:MotorVehicles2022-12-012023-11-30SC293437ns5:NetGoodwill2022-11-30SC293437ns5:NetGoodwill2023-11-30SC293437ns5:NetGoodwill2022-11-30SC293437ns5:LandBuildings2022-11-30SC293437ns5:PlantMachinery2022-11-30SC293437ns5:FurnitureFittings2022-11-30SC293437ns5:MotorVehicles2022-11-30SC293437ns5:LandBuildings2022-12-012023-11-30SC293437ns5:LandBuildings2023-11-30SC293437ns5:PlantMachinery2023-11-30SC293437ns5:FurnitureFittings2023-11-30SC293437ns5:MotorVehicles2023-11-30SC293437ns5:LandBuildings2022-11-30SC293437ns5:PlantMachinery2022-11-30SC293437ns5:FurnitureFittings2022-11-30SC293437ns5:MotorVehicles2022-11-30SC293437ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-30SC293437ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC293437ns5:LeasedAssetsHeldAsLessee2022-11-30SC293437ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC293437ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC293437ns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC293437ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-30SC293437ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-30SC293437ns5:LeasedAssetsHeldAsLessee2023-11-30SC293437ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-30SC293437ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC293437ns5:LeasedAssetsHeldAsLessee2022-11-30SC293437ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30SC293437ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30SC293437ns5:Secured2023-11-30SC293437ns5:Secured2022-11-30
REGISTERED NUMBER: SC293437 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ROSS DOUGAL (FISH MERCHANTS) LIMITED

ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSS DOUGAL (FISH MERCHANTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R W Dougal
Mrs. E L Dougal





SECRETARY: Mrs. E L Dougal





REGISTERED OFFICE: Unit 3
Acredale Industrial Estate
Eyemouth
Berwickshire
TD14 5LQ





REGISTERED NUMBER: SC293437 (Scotland)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 96,000 108,000
Tangible assets 5 964,937 671,473
1,060,937 779,473

CURRENT ASSETS
Stocks 2,000 -
Debtors 6 166,879 115,152
Cash at bank and in hand 832,928 606,347
1,001,807 721,499
CREDITORS
Amounts falling due within one year 7 549,743 355,355
NET CURRENT ASSETS 452,064 366,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,513,001

1,145,617

CREDITORS
Amounts falling due after more than one
year

8

(53,021

)

(77,345

)

PROVISIONS FOR LIABILITIES (66,739 ) (44,620 )
NET ASSETS 1,393,241 1,023,652

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,392,241 1,022,652
SHAREHOLDERS' FUNDS 1,393,241 1,023,652

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.

ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





R W Dougal - Director


ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Ross Dougal (Fish Merchants) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 172,000
AMORTISATION
At 1 December 2022 64,000
Amortisation for year 12,000
At 30 November 2023 76,000
NET BOOK VALUE
At 30 November 2023 96,000
At 30 November 2022 108,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 479,376 195,306 69,301 185,870 929,853
Additions 237,160 54,635 - 89,830 381,625
Disposals - - - (71,280 ) (71,280 )
At 30 November 2023 716,536 249,941 69,301 204,420 1,240,198
DEPRECIATION
At 1 December 2022 23,417 141,386 8,730 84,847 258,380
Charge for year - 19,130 9,086 35,451 63,667
Eliminated on disposal - - - (46,786 ) (46,786 )
At 30 November 2023 23,417 160,516 17,816 73,512 275,261
NET BOOK VALUE
At 30 November 2023 693,119 89,425 51,485 130,908 964,937
At 30 November 2022 455,959 53,920 60,571 101,023 671,473

ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 35,875 115,390 151,265
Additions - 78,585 78,585
Transfer to ownership - (29,995 ) (29,995 )
At 30 November 2023 35,875 163,980 199,855
DEPRECIATION
At 1 December 2022 7,445 41,051 48,496
Charge for year 7,108 30,900 38,008
Transfer to ownership - (17,484 ) (17,484 )
At 30 November 2023 14,553 54,467 69,020
NET BOOK VALUE
At 30 November 2023 21,322 109,513 130,835
At 30 November 2022 28,430 74,339 102,769

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 154,879 92,170
Other debtors 12,000 22,982
166,879 115,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,000 24,000
Hire purchase contracts 50,814 50,102
Payments on account 50,000 -
Trade creditors 144,526 138,963
Taxation and social security 174,326 82,141
Other creditors 103,077 60,149
549,743 355,355

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,364 46,092
Hire purchase contracts 36,657 31,253
53,021 77,345

ROSS DOUGAL (FISH MERCHANTS) LIMITED (REGISTERED NUMBER: SC293437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 43,364 70,092

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs R W Dougal.