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REGISTERED NUMBER: SC362211 (Scotland)















Unaudited Financial Statements

for the Period 1 August 2023 to 31 January 2025

for

MFV Alliance Fishing Ltd

MFV Alliance Fishing Ltd (Registered number: SC362211)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MFV Alliance Fishing Ltd

Company Information
for the Period 1 August 2023 to 31 January 2025







DIRECTOR: J C McKerral





SECRETARY: Mrs S McKerral





REGISTERED OFFICE: 76 Dumbarton Road
Clydebank
Glasgow
G81 1UG





REGISTERED NUMBER: SC362211 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

MFV Alliance Fishing Ltd (Registered number: SC362211)

Balance Sheet
31 January 2025

31.1.25 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 163,069
Tangible assets 5 - 5,319
- 168,388

CURRENT ASSETS
Debtors 6 958 16,602
Cash at bank 21,086 23,676
22,044 40,278
CREDITORS
Amounts falling due within one year 7 8,536 106,741
NET CURRENT ASSETS/(LIABILITIES) 13,508 (66,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,508

101,925

CREDITORS
Amounts falling due after more than one
year

8

-

(22,965

)

PROVISIONS FOR LIABILITIES - (443 )
NET ASSETS 13,508 78,517

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,408 78,417
13,508 78,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MFV Alliance Fishing Ltd (Registered number: SC362211)

Balance Sheet - continued
31 January 2025


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 director and authorised for issue on 14 April 2025 and were signed by:





J C McKerral - Director


MFV Alliance Fishing Ltd (Registered number: SC362211)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 January 2025

1. STATUTORY INFORMATION

MFV Alliance Fishing 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.

Quota
The quota costs are not amortised annually but an impairment provision will be made if appropriate.

Licence
The licence costs are not amortised annually but an impairment provision will be made if appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Boat - 10% on reducing balance
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Gear - 20% on reducing balance

Taxation
Taxation for the period 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 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 (2023 - 2 ) .

MFV Alliance Fishing Ltd (Registered number: SC362211)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 January 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 January 2025 163,069
AMORTISATION
Impairments 163,069
At 31 January 2025 163,069
NET BOOK VALUE
At 31 January 2025 -
At 31 July 2023 163,069

5. TANGIBLE FIXED ASSETS
Motor
Boat Equipment vehicles Gear Totals
£    £    £    £    £   
COST
At 1 August 2023 21,258 695 2,000 1,562 25,515
Additions - 433 - - 433
Disposals (21,258 ) (1,128 ) (2,000 ) - (24,386 )
At 31 January 2025 - - - 1,562 1,562
DEPRECIATION
At 1 August 2023 16,395 664 1,644 1,493 20,196
Charge for period 730 140 134 69 1,073
Eliminated on disposal (17,125 ) (804 ) (1,778 ) - (19,707 )
At 31 January 2025 - - - 1,562 1,562
NET BOOK VALUE
At 31 January 2025 - - - - -
At 31 July 2023 4,863 31 356 69 5,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.23
£    £   
Other debtors 958 16,602

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.23
£    £   
Trade creditors - 1,595
Taxation and social security (12,104 ) 14,100
Other creditors 20,640 91,046
8,536 106,741

MFV Alliance Fishing Ltd (Registered number: SC362211)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.7.23
£    £   
Other creditors - 22,965

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £10,000 were paid to the director .

Other creditors includes £17,640 (2023 - £79,286) due to the directors.