IRIS Accounts Production v24.3.2.46 SC784221 Board of Directors 28.9.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7842212023-09-27SC7842212024-09-30SC7842212023-09-282024-09-30SC7842212023-09-27SC784221ns15:Scotland2023-09-282024-09-30SC784221ns14:PoundSterling2023-09-282024-09-30SC784221ns10:Director12023-09-282024-09-30SC784221ns10:PrivateLimitedCompanyLtd2023-09-282024-09-30SC784221ns10:SmallEntities2023-09-282024-09-30SC784221ns10:AuditExempt-NoAccountantsReport2023-09-282024-09-30SC784221ns10:SmallCompaniesRegimeForDirectorsReport2023-09-282024-09-30SC784221ns10:SmallCompaniesRegimeForAccounts2023-09-282024-09-30SC784221ns10:FullAccounts2023-09-282024-09-30SC784221ns10:Director22023-09-282024-09-30SC784221ns10:RegisteredOffice2023-09-282024-09-30SC784221ns5:CurrentFinancialInstruments2024-09-30SC784221ns5:ShareCapital2024-09-30SC784221ns5:RetainedEarningsAccumulatedLosses2024-09-30SC784221ns5:ComputerEquipment2023-09-282024-09-30SC784221ns5:ComputerEquipment2024-09-30SC784221ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30SC7842211ns10:Director12023-09-27SC7842211ns10:Director12023-09-282024-09-30SC7842211ns10:Director12024-09-30
REGISTERED NUMBER: SC784221 (Scotland)















Unaudited Financial Statements

for the Period

28 September 2023 to 30 September 2024

for

IFS Fish Ltd

IFS Fish Ltd (Registered number: SC784221)






Contents of the Financial Statements
for the Period 28 September 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IFS Fish Ltd

Company Information
for the Period 28 September 2023 to 30 September 2024







DIRECTORS: Mr I B Stephen
Mrs F N Stephen





REGISTERED OFFICE: 8 Brooklands Avenue
Peterhead
AB42 3NR





REGISTERED NUMBER: SC784221 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

IFS Fish Ltd (Registered number: SC784221)

Balance Sheet
30 September 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 602

CURRENT ASSETS
Debtors 5 6,703
Cash at bank 10,290
16,993
CREDITORS
Amounts falling due within one year 6 5,643
NET CURRENT ASSETS 11,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,952

PROVISIONS FOR LIABILITIES 114
NET ASSETS 11,838

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings 11,638
11,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

IFS Fish Ltd (Registered number: SC784221)

Balance Sheet - continued
30 September 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 24 February 2025 and were signed on its behalf by:





Mr I B Stephen - Director


IFS Fish Ltd (Registered number: SC784221)

Notes to the Financial Statements
for the Period 28 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

IFS Fish 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.

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

Taxation
Taxation for the period 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 period 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 period was 2 .

IFS Fish Ltd (Registered number: SC784221)

Notes to the Financial Statements - continued
for the Period 28 September 2023 to 30 September 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 899
At 30 September 2024 899
DEPRECIATION
Charge for period 297
At 30 September 2024 297
NET BOOK VALUE
At 30 September 2024 602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,242
Other debtors 3,461
6,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 3,903
Other creditors 1,740
5,643

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2024:

£   
Mr I B Stephen
Balance outstanding at start of period -
Amounts advanced 1,182
Amounts repaid (1,542 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (360 )

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who between them own 100% of the share capital.