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REGISTERED NUMBER: SC343627 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

J.J. Fishing Ltd.

J.J. Fishing Ltd. (Registered number: SC343627)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.J. Fishing Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr J A G Jack
Mrs A M Jack





REGISTERED OFFICE: 46 Fraser Crescent
Inverallochy
Fraserburgh
Aberdeenshire
AB43 8YG





REGISTERED NUMBER: SC343627 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

J.J. Fishing Ltd. (Registered number: SC343627)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,280 1,263
Investments 5 100 100
31,380 1,363

CURRENT ASSETS
Debtors 6 8,746 -
Cash at bank 87,300 121,998
96,046 121,998
CREDITORS
Amounts falling due within one year 7 33,848 35,268
NET CURRENT ASSETS 62,198 86,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,578

88,093

PROVISIONS FOR LIABILITIES 7,327 240
NET ASSETS 86,251 87,853

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 86,241 87,843
SHAREHOLDERS' FUNDS 86,251 87,853

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

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

J.J. Fishing Ltd. (Registered number: SC343627)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mr J A G Jack - Director


J.J. Fishing Ltd. (Registered number: SC343627)

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

1. STATUTORY INFORMATION

J.J. Fishing Ltd. 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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 - 33% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Fixed asset investments
The fixed asset investment held is stated at cost as there is no practical means to value the shares held without undue cost and effort.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

J.J. Fishing Ltd. (Registered number: SC343627)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 - 2,476 2,476
Additions 41,112 - 41,112
At 31 May 2024 41,112 2,476 43,588
DEPRECIATION
At 1 June 2023 - 1,213 1,213
Charge for year 10,278 817 11,095
At 31 May 2024 10,278 2,030 12,308
NET BOOK VALUE
At 31 May 2024 30,834 446 31,280
At 31 May 2023 - 1,263 1,263

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
VAT 8,463 -
Prepayments 283 -
8,746 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 28,785 31,041
Directors' current accounts 3,958 3,014
Accrued expenses 1,105 1,213
33,848 35,268

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who between them own 100% of the issued share capital.