IRIS Accounts Production v24.3.2.46 SC243522 Board of Directors 6.4.23 5.4.24 5.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2435222023-04-05SC2435222024-04-05SC2435222023-04-062024-04-05SC2435222022-04-05SC2435222022-04-062023-04-05SC2435222023-04-05SC243522ns15:Scotland2023-04-062024-04-05SC243522ns14:PoundSterling2023-04-062024-04-05SC243522ns10:Director12023-04-062024-04-05SC243522ns10:PrivateLimitedCompanyLtd2023-04-062024-04-05SC243522ns10:SmallEntities2023-04-062024-04-05SC243522ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-05SC243522ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-04-05SC243522ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-05SC243522ns10:FullAccounts2023-04-062024-04-05SC24352212023-04-062024-04-05SC243522ns10:Director22023-04-062024-04-05SC243522ns10:CompanySecretary12023-04-062024-04-05SC243522ns10:RegisteredOffice2023-04-062024-04-05SC243522ns5:CurrentFinancialInstruments2024-04-05SC243522ns5:CurrentFinancialInstruments2023-04-05SC243522ns5:Non-currentFinancialInstruments2024-04-05SC243522ns5:Non-currentFinancialInstruments2023-04-05SC243522ns5:ShareCapital2024-04-05SC243522ns5:ShareCapital2023-04-05SC243522ns5:RetainedEarningsAccumulatedLosses2024-04-05SC243522ns5:RetainedEarningsAccumulatedLosses2023-04-05SC243522ns5:IntangibleAssetsOtherThanGoodwill2023-04-062024-04-05SC243522ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-062024-04-05SC243522ns5:LandBuildings2023-04-062024-04-05SC243522ns5:IntangibleAssetsOtherThanGoodwill2023-04-05SC243522ns5:IntangibleAssetsOtherThanGoodwill2024-04-05SC243522ns5:IntangibleAssetsOtherThanGoodwill2023-04-05SC243522ns5:LandBuildings2023-04-05SC243522ns5:PlantMachinery2023-04-05SC243522ns5:PlantMachinery2023-04-062024-04-05SC243522ns5:LandBuildings2024-04-05SC243522ns5:PlantMachinery2024-04-05SC243522ns5:LandBuildings2023-04-05SC243522ns5:PlantMachinery2023-04-05SC243522ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-05SC243522ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-05
REGISTERED NUMBER: SC243522 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

SUSI.M FISHING COMPANY LIMITED

SUSI.M FISHING COMPANY LIMITED (REGISTERED NUMBER: SC243522)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUSI.M FISHING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs L McDonald
D McDonald





SECRETARY: Mrs L McDonald





REGISTERED OFFICE: 5 Strichen Court
Fraserburgh
Aberdeenshire
AB43 9SZ





REGISTERED NUMBER: SC243522 (Scotland)

SUSI.M FISHING COMPANY LIMITED (REGISTERED NUMBER: SC243522)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 7,995 7,995
Tangible assets 6 96,277 92,934
104,272 100,929

CURRENT ASSETS
Debtors 7 7,623 18,971
Cash at bank 2,115 25,414
9,738 44,385
CREDITORS
Amounts falling due within one year 8 32,418 71,046
NET CURRENT LIABILITIES (22,680 ) (26,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,592

74,268

CREDITORS
Amounts falling due after more than one
year

9

(3,720

)

(4,038

)

PROVISIONS FOR LIABILITIES (24,069 ) -
NET ASSETS 53,803 70,230

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,801 70,228
SHAREHOLDERS' FUNDS 53,803 70,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

SUSI.M FISHING COMPANY LIMITED (REGISTERED NUMBER: SC243522)

BALANCE SHEET - continued
5 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





D McDonald - Director


SUSI.M FISHING COMPANY LIMITED (REGISTERED NUMBER: SC243522)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Susi.M Fishing Company 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 6.25% on cost


SUSI.M FISHING COMPANY LIMITED (REGISTERED NUMBER: SC243522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 6 April 2023
and 5 April 2024 7,995
NET BOOK VALUE
At 5 April 2024 7,995
At 5 April 2023 7,995

SUSI.M FISHING COMPANY LIMITED (REGISTERED NUMBER: SC243522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2023 1,780 91,821 93,601
Additions - 8,647 8,647
Reclassification/transfer 100,468 (100,468 ) -
At 5 April 2024 102,248 - 102,248
DEPRECIATION
At 6 April 2023 667 - 667
Charge for year 5,304 - 5,304
At 5 April 2024 5,971 - 5,971
NET BOOK VALUE
At 5 April 2024 96,277 - 96,277
At 5 April 2023 1,113 91,821 92,934

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,623 18,971

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,917 1,792
Trade creditors - 6,138
Taxation and social security - 17,495
Other creditors 30,501 45,621
32,418 71,046

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,720 4,038