Company Registration No. SC595335 (Scotland)
Darrach Shellfish Ltd
Unaudited accounts
for the year ended 30 April 2024
Darrach Shellfish Ltd
Unaudited accounts
Contents
Darrach Shellfish Ltd
Company Information
for the year ended 30 April 2024
Directors
D Cluckie
B Cluckie
Company Number
SC595335 (Scotland)
Registered Office
Willow Brae
73 Baddidarroch
Lochinver
IV27 4LP
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Darrach Shellfish Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
87,732
100,123
Cash at bank and in hand
33,923
23,248
Creditors: amounts falling due within one year
(23,472)
(16,084)
Net current assets
19,995
14,030
Total assets less current liabilities
107,727
114,153
Creditors: amounts falling due after more than one year
(52,237)
(61,300)
Provisions for liabilities
Deferred tax
(14,807)
(16,244)
Called up share capital
1
1
Profit and loss account
40,682
36,608
Shareholders' funds
40,683
36,609
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
D Cluckie
Director
Company Registration No. SC595335
Darrach Shellfish Ltd
Notes to the Accounts
for the year ended 30 April 2024
Darrach Shellfish Ltd is a private company, limited by shares, registered in Scotland, registration number SC595335. The registered office is Willow Brae, 73 Baddidarroch, Lochinver, IV27 4LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Darrach Shellfish Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Total
Charge for the year
15,069
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).