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REGISTERED NUMBER: SC239515 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

J S FISH LIMITED

J S FISH LIMITED (REGISTERED NUMBER: SC239515)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

J S FISH LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: Mrs L Stephen
J Stephen





SECRETARY: Mrs L Stephen





REGISTERED OFFICE: 4 Russell Road
Aberdeen
AB11 5RB





REGISTERED NUMBER: SC239515 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

J S FISH LIMITED (REGISTERED NUMBER: SC239515)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 7,500
Tangible assets 5 4,532 4,726
9,532 12,226

CURRENT ASSETS
Stocks 6 - 100
Debtors 7 16,228 37,467
Cash at bank 55,871 45,453
72,099 83,020
CREDITORS
Amounts falling due within one year 8 82,663 94,905
NET CURRENT LIABILITIES (10,564 ) (11,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,032

)

341

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,034 ) 339
SHAREHOLDERS' FUNDS (1,032 ) 341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





J Stephen - Director


J S FISH LIMITED (REGISTERED NUMBER: SC239515)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

J S Fish 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue trading for a period of no less than 12 months from the date of this report.

The directors acknowledge the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and not calling on the director's loan accounts for repayment until the company is in such a position to be able to make repayments.

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

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

J S FISH LIMITED (REGISTERED NUMBER: SC239515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023 17,500
Charge for year 2,500
At 31 August 2024 20,000
NET BOOK VALUE
At 31 August 2024 5,000
At 31 August 2023 7,500

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 7,116 44,110 51,226
Additions 1,657 - 1,657
Disposals (1,856 ) - (1,856 )
At 31 August 2024 6,917 44,110 51,027
DEPRECIATION
At 1 September 2023 6,181 40,319 46,500
Charge for year 406 948 1,354
Eliminated on disposal (1,359 ) - (1,359 )
At 31 August 2024 5,228 41,267 46,495
NET BOOK VALUE
At 31 August 2024 1,689 2,843 4,532
At 31 August 2023 935 3,791 4,726

6. STOCKS
2024 2023
£    £   
Stocks - 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,200 32,577
Other debtors 3,415 1,945
VAT 2,613 2,945
16,228 37,467

J S FISH LIMITED (REGISTERED NUMBER: SC239515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,768 5,422
Tax 159 3,075
Social security and other taxes - 116
Directors' current accounts 77,096 83,652
Accrued expenses 2,640 2,640
82,663 94,905

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
J Stephen
Balance outstanding at start of year (83,652 ) (85,465 )
Amounts advanced 9,000 1,813
Amounts repaid (2,444 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,096 ) (83,652 )

The above loan is interest free and has no set repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J S FISH LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J S Fish Limited for the year ended 31 August 2024 which comprise the Profit & Loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of J S Fish Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J S Fish Limited and state those matters that we have agreed to state to the Board of Directors of J S Fish Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J S Fish Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J S Fish Limited. You consider that J S Fish Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J S Fish Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


4 March 2025