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REGISTERED NUMBER: SC609929 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

SMM Fishing Ltd

SMM Fishing Ltd (Registered number: SC609929)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMM Fishing Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr S McPherson
Mrs M McPherson





REGISTERED OFFICE: 16 Golf Crescent
Hopeman
Elgin
Morayshire
IV30 5TL





REGISTERED NUMBER: SC609929 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

SMM Fishing Ltd (Registered number: SC609929)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
CURRENT ASSETS
Debtors 4 5,641 17,790
Cash at bank 6,281 1,956
11,922 19,746
CREDITORS
Amounts falling due within one year 5 11,748 19,543
NET CURRENT ASSETS 174 203
TOTAL ASSETS LESS CURRENT
LIABILITIES

174

203

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74 103
174 203

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

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

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 23 January 2025 and were signed on its behalf by:





Mr S McPherson - Director


SMM Fishing Ltd (Registered number: SC609929)

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

1. STATUTORY INFORMATION

SMM 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 5,641 17,790

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 500 -
Taxation and social security 9,051 17,812
Other creditors 2,197 1,731
11,748 19,543

SMM Fishing Ltd (Registered number: SC609929)

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

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr S McPherson
Balance outstanding at start of year 7,599 2,177
Amounts advanced 6,760 12,231
Amounts repaid (13,688 ) (6,809 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 671 7,599

Mrs M McPherson
Balance outstanding at start of year 5,592 2,544
Amounts advanced 8,767 9,381
Amounts repaid (13,688 ) (6,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 671 5,592