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REGISTERED NUMBER: 04742317 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

G. & M. Roberts Fishing (Nefyn) Limited

G. & M. Roberts Fishing (Nefyn) Limited (Registered number: 04742317)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

G. & M. Roberts Fishing (Nefyn) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr M Roberts





REGISTERED OFFICE: Dalmore
Rhodfa'r Mor
Nefyn
Pwllheli
Gwynedd
LL53 6EB





REGISTERED NUMBER: 04742317 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

G. & M. Roberts Fishing (Nefyn) Limited (Registered number: 04742317)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 91,600 91,600
Tangible assets 5 303,398 286,127
394,998 377,727

CURRENT ASSETS
Debtors 6 47,271 25,456
Cash at bank 88,534 154,529
135,805 179,985
CREDITORS
Amounts falling due within one year 7 421,894 473,286
NET CURRENT LIABILITIES (286,089 ) (293,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,909

84,426

CREDITORS
Amounts falling due after more than one year 8 (60,472 ) (32,447 )

PROVISIONS FOR LIABILITIES 9 (48,229 ) (51,824 )
NET ASSETS 208 155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108 55
SHAREHOLDERS' FUNDS 208 155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

G. & M. Roberts Fishing (Nefyn) Limited (Registered number: 04742317)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mr M Roberts - Director


G. & M. Roberts Fishing (Nefyn) Limited (Registered number: 04742317)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

G. & M. Roberts Fishing (Nefyn) Limited is a private company, limited by shares , registered in England and Wales. 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 measured at cost. Licence not depreciated as its value is likely to increase.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 5% on reducing balance

Fixed Assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

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.

G. & M. Roberts Fishing (Nefyn) Limited (Registered number: 04742317)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 91,600
NET BOOK VALUE
At 31 December 2023 91,600
At 31 December 2022 91,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 783,051
Additions 41,868
At 31 December 2023 824,919
DEPRECIATION
At 1 January 2023 496,924
Charge for year 24,597
At 31 December 2023 521,521
NET BOOK VALUE
At 31 December 2023 303,398
At 31 December 2022 286,127

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 3,106
Other debtors 47,271 22,350
47,271 25,456

G. & M. Roberts Fishing (Nefyn) Limited (Registered number: 04742317)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,929 6,048
Trade creditors 7,796 4,743
Taxation and social security 6,233 12,874
Other creditors 402,936 449,621
421,894 473,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 29,647 -
Other creditors 30,825 32,447
60,472 32,447

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 48,229 51,824

Deferred
tax
£   
Balance at 1 January 2023 51,824
Provided during year (3,595 )
Balance at 31 December 2023 48,229

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
G. & M. Roberts Fishing (Nefyn) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G. & M. Roberts Fishing (Nefyn) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of G. & M. Roberts Fishing (Nefyn) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G. & M. Roberts Fishing (Nefyn) Limited and state those matters that we have agreed to state to the director of G. & M. Roberts Fishing (Nefyn) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G. & M. Roberts Fishing (Nefyn) Limited and its director for our work or for this report.

It is your duty to ensure that G. & M. Roberts Fishing (Nefyn) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G. & M. Roberts Fishing (Nefyn) Limited. You consider that G. & M. Roberts Fishing (Nefyn) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G. & M. Roberts Fishing (Nefyn) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................