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REGISTERED NUMBER: 12633409 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

INDEPENDENT FISHING TACKLE & BAIT SHOP
LIMITED

INDEPENDENT FISHING TACKLE & BAIT SHOP
LIMITED (REGISTERED NUMBER: 12633409)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDEPENDENT FISHING TACKLE & BAIT SHOP
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: S J Gross
T W Critchlow





REGISTERED OFFICE: 2 Farrington Court
Wickersley
Rotherham
South Yorkshire
S66 1JQ





REGISTERED NUMBER: 12633409 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

INDEPENDENT FISHING TACKLE & BAIT SHOP
LIMITED (REGISTERED NUMBER: 12633409)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13 13

CURRENT ASSETS
Debtors 5 694 655
Cash at bank 58 58
752 713
CREDITORS
Amounts falling due within one year 6 725 724
NET CURRENT ASSETS/(LIABILITIES) 27 (11 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40

2

CAPITAL AND RESERVES
Called up share capital 40 2
40 2

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31st May 2024.

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

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 6th February 2025 and were signed on its behalf by:




S J Gross - Director



T W Critchlow - Director


INDEPENDENT FISHING TACKLE & BAIT SHOP
LIMITED (REGISTERED NUMBER: 12633409)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Independent Fishing Tackle & Bait Shop Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023
and 31st May 2024 1,701
DEPRECIATION
At 1st June 2023
and 31st May 2024 1,688
NET BOOK VALUE
At 31st May 2024 13
At 31st May 2023 13

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 694 655

INDEPENDENT FISHING TACKLE & BAIT SHOP
LIMITED (REGISTERED NUMBER: 12633409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 196 196
Other creditors 529 528
725 724