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REGISTERED NUMBER: SC587127 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Fisheries Management Scotland

Fisheries Management Scotland (Registered number: SC587127)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fisheries Management Scotland

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr L A Hawkins
A N G Laing
P D R Landale
R D Sankey
Dr A Scott
Mrs A T Macauslan
J C H Ribbens
J Stewart
Professor M A Smith
R W Younger
R C Miller
Mrs C F Mercer Nairne
G T Harris





SECRETARY: B D Davidson





REGISTERED OFFICE: 11 Rutland Square
Edinburgh
Midlothian
EH1 2AS





REGISTERED NUMBER: SC587127 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Fisheries Management Scotland (Registered number: SC587127)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 4 950 106,616
Cash at bank 5 299,474 178,341
300,424 284,957
CREDITORS
Amounts falling due within one year 6 139,648 153,809
NET CURRENT ASSETS 160,776 131,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,776

131,148

RESERVES
Other reserves 51,033 51,907
Income and expenditure account 109,743 79,241
160,776 131,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 20 November 2024 and were signed on its behalf by:





R D Sankey - Director


Fisheries Management Scotland (Registered number: SC587127)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fisheries Management Scotland is a private company, limited by guarantee , 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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 5 (2023 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 50 104,220
Other debtors 900 2,396
950 106,616

5. CASH AT BANK
31/3/24 31/3/23
£    £   
SFCC account 51,033 51,907
Current account 87,897 36,659
Projects account 79,274 8,434
Reserves account 81,270 81,341
299,474 178,341

Cash at Bank of £299,474 includes a balance of £51,033 relating to the Scottish Fisheries Co-ordination Centre (2023: £51,907).

The balance relating to Scottish Fisheries Co-ordination Centre is restricted for their use only and is shown under Other Reserves in the Balance Sheet.

Fisheries Management Scotland (Registered number: SC587127)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors (1,073 ) 690
Taxation and social security 2,034 -
Other creditors 138,687 153,119
139,648 153,809