Registered number
09401764
The Dutch Fishmen Limited
Report and Accounts
31 March 2024
The Dutch Fishmen Limited
Registered number: 09401764
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,083 7,699
Current assets
Stocks 13,315 14,697
Cash at bank and in hand 26,395 28,297
39,710 42,994
Creditors: amounts falling due within one year 4 (33,408) (39,304)
Net current assets 6,302 3,690
Net assets 13,385 11,389
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,285 11,289
Shareholder's funds 13,385 11,389
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Kashif Shezaid
Director
Approved by the board on 25 December 2024
The Dutch Fishmen Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle 8% reducing balnace
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 15,000
At 31 March 2024 15,000
Depreciation
At 1 April 2023 7,301
Charge for the year 616
At 31 March 2024 7,917
Net book value
At 31 March 2024 7,083
At 31 March 2023 7,699
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,453 985
Director Loan Account - 6,364
Other creditors 31,955 31,955
33,408 39,304
5 Controlling party
Mr Kashif Shezaid has a controlling interest in the company by the virtue of his 100% each holding of the ordinary shares of the company.
6 Other information
The Dutch Fishmen Limited is a private company limited by shares and incorporated in England. Its registered office is:
165 Walmersley Road
Bury
BL9 5DE
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