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REGISTERED NUMBER: SC231255 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

R & J SEAFISH LTD.

R & J SEAFISH LTD. (REGISTERED NUMBER: SC231255)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & J SEAFISH LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: J McRobbie





REGISTERED OFFICE: Goldwells House
Grange Road
Peterhead
aberdeenshire
AB42 1WN





REGISTERED NUMBER: SC231255 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
aberdeenshire
AB42 1WN

R & J SEAFISH LTD. (REGISTERED NUMBER: SC231255)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,358 32,025

CURRENT ASSETS
Debtors 5 93,390 116,146
Cash at bank 260,129 229,006
353,519 345,152
CREDITORS
Amounts falling due within one year 6 37,419 33,138
NET CURRENT ASSETS 316,100 312,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,458

344,039

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 344,438 344,019
SHAREHOLDERS' FUNDS 344,458 344,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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 15th July 2024 and were signed by:





J McRobbie - Director


R & J SEAFISH LTD. (REGISTERED NUMBER: SC231255)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

R & J Seafish 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

R & J SEAFISH LTD. (REGISTERED NUMBER: SC231255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 30,989 37,479 68,468
Additions 45,000 - 45,000
Disposals (45,000 ) - (45,000 )
At 31st May 2024 30,989 37,479 68,468
DEPRECIATION
At 1st June 2023 11,152 25,291 36,443
Charge for year 620 3,047 3,667
At 31st May 2024 11,772 28,338 40,110
NET BOOK VALUE
At 31st May 2024 19,217 9,141 28,358
At 31st May 2023 19,837 12,188 32,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,390 111,916
VAT - 4,230
93,390 116,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,313 25,785
Tax 7,761 4,815
Social security and other taxes 141 164
VAT 6,457 -
Other creditors 2,035 2,035
Directors' current accounts 712 339
37,419 33,138