Company Registration No. NI624752 (Northern Ireland)
Seacliff Fishing Ltd
Unaudited accounts
for the year ended 31 January 2024
Seacliff Fishing Ltd
Unaudited accounts
Contents
Seacliff Fishing Ltd
Company Information
for the year ended 31 January 2024
Directors
Mr. R McKee
Mr. N McKee
Company Number
NI624752 (Northern Ireland)
Registered Office
23 MEADOWLANDS AVENUE
MANSE ROAD
KILKEEL
CO. DOWN
BT34 4YA
Accountants
Henderson & Co Accountants
1A Greencastle Street
Kilkeel
Down
BT344BH
Seacliff Fishing Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
2,653
17,017
Tangible assets
(100,291)
(55,298)
Investments
893,194
887,477
Cash at bank and in hand
211,985
239,233
Creditors: amounts falling due within one year
(684,105)
(624,329)
Net current liabilities
(472,120)
(385,096)
Total assets less current liabilities
323,436
464,100
Creditors: amounts falling due after more than one year
(28,209)
(106,559)
Net assets
295,227
357,541
Called up share capital
4
4
Profit and loss account
295,223
357,537
Shareholders' funds
295,227
357,541
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by
Mr. N McKee
Director
Company Registration No. NI624752
Seacliff Fishing Ltd
Notes to the Accounts
for the year ended 31 January 2024
Seacliff Fishing Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI624752. The registered office is 23 MEADOWLANDS AVENUE, MANSE ROAD, KILKEEL, CO. DOWN, BT34 4YA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Software - 10% Straight Line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Other tangible fixed assets
Fishing Vessel & Quota - 10% Straight Line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Seacliff Fishing Ltd
Notes to the Accounts
for the year ended 31 January 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2023
138,787
4,873
143,660
At 31 January 2024
138,787
4,873
143,660
At 1 February 2023
124,910
1,733
126,643
Charge for the year
13,877
487
14,364
At 31 January 2024
138,787
2,220
141,007
At 31 January 2024
-
2,653
2,653
At 31 January 2023
13,877
3,140
17,017
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
17,428
49,217
15,400
14,712
96,757
Additions
-
-
30,000
-
30,000
Disposals
-
-
(15,400)
-
(15,400)
At 31 January 2024
17,428
49,217
30,000
14,712
111,357
At 1 February 2023
-
23,214
10,744
118,097
152,055
Charge for the year
-
6,501
7,500
56,336
70,337
On disposals
-
-
(10,744)
-
(10,744)
At 31 January 2024
-
29,715
7,500
174,433
211,648
At 31 January 2024
17,428
19,502
22,500
(159,721)
(100,291)
At 31 January 2023
17,428
26,003
4,656
(103,385)
(55,298)
Seacliff Fishing Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Investments
Other investments
Valuation at 1 February 2023
887,477
Valuation at 31 January 2024
893,194
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,748
-
Trade creditors
44,753
39,684
Taxes and social security
23,804
9,192
Other creditors
50,000
50,000
Loans from directors
522,703
522,005
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).