IRIS Accounts Production v24.3.2.46 SC643816 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6438162023-10-31SC6438162024-10-31SC6438162023-11-012024-10-31SC6438162022-10-31SC6438162022-11-012023-10-31SC6438162023-10-31SC643816ns15:Scotland2023-11-012024-10-31SC643816ns14:PoundSterling2023-11-012024-10-31SC643816ns10:Director12023-11-012024-10-31SC643816ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC643816ns10:SmallEntities2023-11-012024-10-31SC643816ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC643816ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC643816ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC643816ns10:FullAccounts2023-11-012024-10-31SC643816ns10:Director22023-11-012024-10-31SC643816ns10:RegisteredOffice2023-11-012024-10-31SC643816ns5:CurrentFinancialInstruments2024-10-31SC643816ns5:CurrentFinancialInstruments2023-10-31SC643816ns5:ShareCapital2024-10-31SC643816ns5:ShareCapital2023-10-31SC643816ns5:RetainedEarningsAccumulatedLosses2024-10-31SC643816ns5:RetainedEarningsAccumulatedLosses2023-10-31SC643816ns5:LeaseholdImprovements2023-11-012024-10-31SC643816ns5:PlantMachinery2023-11-012024-10-31SC643816ns5:FurnitureFittings2023-11-012024-10-31SC643816ns5:ComputerEquipment2023-11-012024-10-31SC643816ns5:LeaseholdImprovements2023-10-31SC643816ns5:PlantMachinery2023-10-31SC643816ns5:FurnitureFittings2023-10-31SC643816ns5:ComputerEquipment2023-10-31SC643816ns5:LeaseholdImprovements2024-10-31SC643816ns5:PlantMachinery2024-10-31SC643816ns5:FurnitureFittings2024-10-31SC643816ns5:ComputerEquipment2024-10-31SC643816ns5:LeaseholdImprovements2023-10-31SC643816ns5:PlantMachinery2023-10-31SC643816ns5:FurnitureFittings2023-10-31SC643816ns5:ComputerEquipment2023-10-31SC643816ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC643816ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31SC6438161ns10:Director12023-10-31SC6438161ns10:Director12022-10-31SC6438161ns10:Director12023-11-012024-10-31SC6438161ns10:Director12022-11-012023-10-31SC6438161ns10:Director12024-10-31SC6438161ns10:Director12023-10-31SC643816ns10:Director222023-10-31SC643816ns10:Director222022-10-31SC643816ns10:Director222023-11-012024-10-31SC643816ns10:Director222022-11-012023-10-31SC643816ns10:Director222024-10-31SC643816ns10:Director222023-10-31
REGISTERED NUMBER: SC643816 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Saicada Fishing Limited

Saicada Fishing Limited (Registered number: SC643816)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saicada Fishing Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr A Innes
Mrs S Innes





REGISTERED OFFICE: 18 Buchan Terrace
Peterhead
Aberdeenshire
AB42 1AF





REGISTERED NUMBER: SC643816 (Scotland)





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

Saicada Fishing Limited (Registered number: SC643816)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,521 21,862

CURRENT ASSETS
Debtors 5 21,770 108
Investments 6 250 250
Cash at bank 3,941 65,426
25,961 65,784
CREDITORS
Amounts falling due within one year 7 5,366 28,478
NET CURRENT ASSETS 20,595 37,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,116

59,168

PROVISIONS FOR LIABILITIES 3,709 5,119
NET ASSETS 36,407 54,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,307 53,949
36,407 54,049

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.

Saicada Fishing Limited (Registered number: SC643816)

Balance Sheet - continued
31 October 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 18 February 2025 and were signed on its behalf by:





Mr A Innes - Director


Saicada Fishing Limited (Registered number: SC643816)

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

1. STATUTORY INFORMATION

Saicada Fishing Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fishing vessel - 6% on cost
Plant & Machinery - 20% on reducing balance
Marine equipment - 20% on reducing balance
Computer equipment - 33% on cost

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Saicada Fishing Limited (Registered number: SC643816)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fishing Plant & Marine Computer
vessel Machinery equipment equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 19,000 1,221 3,500 1,356 25,077
Disposals - (67 ) - (226 ) (293 )
At 31 October 2024 19,000 1,154 3,500 1,130 24,784
DEPRECIATION
At 1 November 2023 1,140 480 700 895 3,215
Charge for year 1,140 137 560 373 2,210
Eliminated on disposal - (13 ) - (149 ) (162 )
At 31 October 2024 2,280 604 1,260 1,119 5,263
NET BOOK VALUE
At 31 October 2024 16,720 550 2,240 11 19,521
At 31 October 2023 17,860 741 2,800 461 21,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 21,770 108

6. CURRENT ASSET INVESTMENTS
31.10.24 31.10.23
£    £   
Other investments 250 250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 3,528 26,265
Other creditors 1,838 2,213
5,366 28,478

Saicada Fishing Limited (Registered number: SC643816)

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

8. 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 A Innes
Balance outstanding at start of year (88 ) (858 )
Amounts advanced 13,900 2,470
Amounts repaid (8,570 ) (1,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,242 (88 )

Mrs S Innes
Balance outstanding at start of year (167 ) (167 )
Amounts advanced 5,409 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,242 (167 )