Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-01-01falseNo description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC270238 2023-01-01 2024-03-31 SC270238 2022-01-01 2022-12-31 SC270238 2024-03-31 SC270238 2022-12-31 SC270238 c:CompanySecretary1 2023-01-01 2024-03-31 SC270238 c:Director2 2023-01-01 2024-03-31 SC270238 c:RegisteredOffice 2023-01-01 2024-03-31 SC270238 d:PlantMachinery 2023-01-01 2024-03-31 SC270238 d:PlantMachinery 2024-03-31 SC270238 d:PlantMachinery 2022-12-31 SC270238 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC270238 d:OtherPropertyPlantEquipment 2023-01-01 2024-03-31 SC270238 d:OtherPropertyPlantEquipment 2024-03-31 SC270238 d:OtherPropertyPlantEquipment 2022-12-31 SC270238 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC270238 d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC270238 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 SC270238 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 SC270238 d:CurrentFinancialInstruments 2024-03-31 SC270238 d:CurrentFinancialInstruments 2022-12-31 SC270238 d:Non-currentFinancialInstruments 2024-03-31 SC270238 d:Non-currentFinancialInstruments 2022-12-31 SC270238 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC270238 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC270238 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC270238 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC270238 d:ShareCapital 2024-03-31 SC270238 d:ShareCapital 2022-12-31 SC270238 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC270238 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC270238 c:OrdinaryShareClass1 2023-01-01 2024-03-31 SC270238 c:OrdinaryShareClass1 2024-03-31 SC270238 c:OrdinaryShareClass1 2022-12-31 SC270238 c:FRS102 2023-01-01 2024-03-31 SC270238 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 SC270238 c:FullAccounts 2023-01-01 2024-03-31 SC270238 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 SC270238 e:PoundSterling 2023-01-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC270238










J S ADAM TRAWLERS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
J S ADAM TRAWLERS LIMITED
 

COMPANY INFORMATION


DIRECTOR
J S Adam Jnr 




COMPANY SECRETARY
J S Adam Jnr



REGISTERED NUMBER
SC270238



REGISTERED OFFICE
Garraron Farm
Ardfern

Lochgilphead

Argyll

PA31 8QP




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J S ADAM TRAWLERS LIMITED
REGISTERED NUMBER:SC270238

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
£
£

FIXED ASSETS
  

Intangible assets
 4 
92,278
92,278

Tangible assets
 5 
80,749
101,103

  
173,027
193,381

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
240
5,504

  
240
5,504

Creditors: amounts falling due within one year
 7 
(284,771)
(290,118)

NET CURRENT LIABILITIES
  
 
 
(284,531)
 
 
(284,614)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(111,504)
(91,233)

Creditors: amounts falling due after more than one year
 8 
(7,722)
(14,831)

  

NET LIABILITIES
  
(119,226)
(106,064)


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(119,326)
(106,164)

  
(119,226)
(106,064)


Page 1

 
J S ADAM TRAWLERS LIMITED
REGISTERED NUMBER:SC270238

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.




J S Adam Jnr
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
J S ADAM TRAWLERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024


1.


GENERAL INFORMATION

J S Adam Trawlers Limited is a private company, limited by shares, incorporated in Scotland with registration number SC270238.  The registered office is Garraron Farm, Ardfern, Argyll, PA31 8QP.                            
The financial statements are presented in Sterling which is the fuctional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the time of approving the financial statements, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
J S ADAM TRAWLERS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (continued)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
reducing balance
Motor Vehicles
-
25.0%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 1 (2022 - 2).


4.


INTANGIBLE ASSETS






Fish Quota

£



COST


At 1 January 2023
92,278



At 31 March 2024

92,278






NET BOOK VALUE



At 31 March 2024
92,278



At 31 December 2022
92,278



Page 4

 
J S ADAM TRAWLERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024


5.


TANGIBLE FIXED ASSETS







Plant and machinery
Motor Vehicles
Total

£
£
£



COST OR VALUATION


At 1 January 2023
125,000
7,200
132,200


Disposals
-
(7,200)
(7,200)



At 31 March 2024

125,000
-
125,000



DEPRECIATION


At 1 January 2023
29,297
1,800
31,097


Charge for the period on owned assets
14,954
-
14,954


Disposals
-
(1,800)
(1,800)



At 31 March 2024

44,251
-
44,251



NET BOOK VALUE



At 31 March 2024
80,749
-
80,749



At 31 December 2022
95,703
5,400
101,103

Page 5

 
J S ADAM TRAWLERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024


6.


DEBTORS

31 March
31 December
2024
2022
£
£


Trade debtors
-
1,538

Other debtors
240
3,966

240
5,504



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
31 December
2024
2022
£
£

Bank overdrafts
45,729
38,729

Bank loans
5,542
5,492

Trade creditors
12,885
25,353

Other creditors
220,615
220,544

284,771
290,118



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31 March
31 December
2024
2022
£
£

Bank loans
7,722
14,831

7,722
14,831



9.


SHARE CAPITAL

31 March
31 December
2024
2022
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 6