IRIS Accounts Production v24.3.2.46 11923160 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119231602023-04-30119231602024-04-30119231602023-05-012024-04-30119231602022-04-30119231602022-05-012023-04-30119231602023-04-3011923160ns15:EnglandWales2023-05-012024-04-3011923160ns14:PoundSterling2023-05-012024-04-3011923160ns10:Director12023-05-012024-04-3011923160ns10:Director22023-05-012024-04-3011923160ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011923160ns10:SmallEntities2023-05-012024-04-3011923160ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011923160ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011923160ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011923160ns10:FullAccounts2023-05-012024-04-301192316012023-05-012024-04-3011923160ns10:RegisteredOffice2023-05-012024-04-3011923160ns5:CurrentFinancialInstruments2024-04-3011923160ns5:CurrentFinancialInstruments2023-04-3011923160ns5:Non-currentFinancialInstruments2024-04-3011923160ns5:Non-currentFinancialInstruments2023-04-3011923160ns5:ShareCapital2024-04-3011923160ns5:ShareCapital2023-04-3011923160ns5:RetainedEarningsAccumulatedLosses2024-04-3011923160ns5:RetainedEarningsAccumulatedLosses2023-04-3011923160ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3011923160ns5:PlantMachinery2023-05-012024-04-3011923160ns5:IntangibleAssetsOtherThanGoodwill2023-04-3011923160ns5:IntangibleAssetsOtherThanGoodwill2024-04-3011923160ns5:IntangibleAssetsOtherThanGoodwill2023-04-3011923160ns5:PlantMachinery2023-04-3011923160ns5:PlantMachinery2024-04-3011923160ns5:PlantMachinery2023-04-3011923160ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3011923160ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3011923160ns5:Secured2024-04-3011923160ns5:Secured2023-04-30
REGISTERED NUMBER: 11923160 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Pride & Joy Fishing Ltd

Pride & Joy Fishing Ltd (Registered number: 11923160)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pride & Joy Fishing Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr T Pearson
Mr N M Hall





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 11923160 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Pride & Joy Fishing Ltd (Registered number: 11923160)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 75,000
Tangible assets 5 104,780 114,463
179,780 189,463

CURRENT ASSETS
Debtors 6 27,675 34,053
Cash at bank 56,138 4,424
83,813 38,477
CREDITORS
Amounts falling due within one year 7 45,072 42,624
NET CURRENT ASSETS/(LIABILITIES) 38,741 (4,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,521

185,316

CREDITORS
Amounts falling due after more than one year 8 (45,870 ) (57,965 )

PROVISIONS FOR LIABILITIES (22,528 ) (21,748 )

ACCRUALS AND DEFERRED INCOME (15,308 ) (16,854 )
NET ASSETS 134,815 88,749

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 134,715 88,649
134,815 88,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Pride & Joy Fishing Ltd (Registered number: 11923160)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:




Mr T Pearson - Director



Mr N M Hall - Director


Pride & Joy Fishing Ltd (Registered number: 11923160)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pride & Joy Fishing Ltd is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets
Intangible assets, comprising of fishing licences, held for the company's own use are initially recognised at cost, and then revalued each year on a fair value basis. The value is determined by reference to an active market, in this case the sale of fishing licences around the UK comprise of a licence for a fishing vessel.

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 - 25% on reducing balance, 15% on reducing balance and 2% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Pride & Joy Fishing Ltd (Registered number: 11923160)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 75,000
NET BOOK VALUE
At 30 April 2024 75,000
At 30 April 2023 75,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 164,446
Additions 2,052
At 30 April 2024 166,498
DEPRECIATION
At 1 May 2023 49,983
Charge for year 11,735
At 30 April 2024 61,718
NET BOOK VALUE
At 30 April 2024 104,780
At 30 April 2023 114,463

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 26,284 30,458
Other debtors 1,391 3,595
27,675 34,053

Pride & Joy Fishing Ltd (Registered number: 11923160)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,904 8,500
Trade creditors 5,941 4,212
Taxation and social security 17,169 4,155
Other creditors 11,058 25,757
45,072 42,624

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 45,870 57,965

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 56,774 66,465

The bank loan is secured over the comapany's assets by a fixed charge.