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REGISTERED NUMBER: SC234656 (Scotland)















Eat Mair Fish Limited

Financial Statements For The Year Ended 31 July 2024






Eat Mair Fish Limited (Registered number: SC234656)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Eat Mair Fish Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: E Mair
Mrs D L Mair





SECRETARY: E Mair





REGISTERED OFFICE: Old Station Yard
Marine Place
Buckie
AB56 1UT





REGISTERED NUMBER: SC234656 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Eat Mair Fish Limited (Registered number: SC234656)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 825,126 225,675
825,126 225,675

CURRENT ASSETS
Stocks 11,876 11,123
Debtors 6 179,608 142,113
Cash at bank and in hand 651,058 947,209
842,542 1,100,445
CREDITORS
Amounts falling due within one year 7 155,183 133,113
NET CURRENT ASSETS 687,359 967,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,512,485

1,193,007

PROVISIONS FOR LIABILITIES 8 54,101 31,302
NET ASSETS 1,458,384 1,161,705

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 1,457,384 1,160,705
SHAREHOLDERS' FUNDS 1,458,384 1,161,705

Eat Mair Fish Limited (Registered number: SC234656)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




E Mair - Director



Mrs D L Mair - Director


Eat Mair Fish Limited (Registered number: SC234656)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Eat Mair Fish 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 is the amount paid in connection with the acquisition of a business in 2002. After initially being amortised evenly over its estimated useful life of twenty years, the remainder ( since 1 August 2016) is now being amortised evenly over its remaining estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 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 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.

Eat Mair Fish Limited (Registered number: SC234656)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 21 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 92,000
AMORTISATION
At 1 August 2023
and 31 July 2024 92,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 August 2023 - 558,697 558,697
Additions 532,034 131,102 663,136
Disposals - (34,495 ) (34,495 )
At 31 July 2024 532,034 655,304 1,187,338
DEPRECIATION
At 1 August 2023 - 333,022 333,022
Charge for year - 46,276 46,276
Eliminated on disposal - (17,086 ) (17,086 )
At 31 July 2024 - 362,212 362,212
NET BOOK VALUE
At 31 July 2024 532,034 293,092 825,126
At 31 July 2023 - 225,675 225,675

Eat Mair Fish Limited (Registered number: SC234656)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 156,527 126,704
Other debtors 23,081 15,409
179,608 142,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 3,567 9,241
Taxation and social security 147,699 120,965
Other creditors 3,917 2,907
155,183 133,113

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 54,101 31,302

Deferred
tax
£   
Balance at 1 August 2023 31,302
Provided during year 22,799
Balance at 31 July 2024 54,101

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,000 ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 August 2023 1,160,705
Profit for the year 476,679
Dividends (180,000 )
At 31 July 2024 1,457,384

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £180,000 (2023 - £180,000) were paid to the directors .

Eat Mair Fish Limited (Registered number: SC234656)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

11. RELATED PARTY DISCLOSURES - continued

Mr E Mair and Mrs D L Mair

are directors in the company


A loan has been given to the company by the directors. No interest is charged and no repayment terms have been agreed.

31.7.24 31.7.23
£    £   
Amount due to related party at the balance sheet date 667 667

12. ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr E Mair and Mrs D Mair throughout the current year..

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eat Mair Fish Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Eat Mair Fish Limited for the year ended 31 July 2024 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 Board of Directors of Eat Mair Fish Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eat Mair Fish Limited and state those matters that we have agreed to state to the Board of Directors of Eat Mair Fish Limited, as a body, 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 Eat Mair Fish Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eat Mair Fish 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 Eat Mair Fish Limited. You consider that Eat Mair Fish 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 Eat Mair Fish 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.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


14 November 2024