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REGISTERED NUMBER: 06514910 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

OBAN FISH SELLING CO LTD

OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBAN FISH SELLING CO LTD

COMPANY INFORMATION
for the year ended 31 January 2025







DIRECTORS: Mr P S Wilson
Mr M S Wilson





SECRETARY: Mrs Y M Wilson





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 06514910 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 397,080 345
397,080 345

CURRENT ASSETS
Stocks 28,000 26,000
Debtors 6 1,838,641 2,226,622
Cash at bank and in hand 30,208 2,978
1,896,849 2,255,600
CREDITORS
Amounts falling due within one year 7 (820,390 ) (1,093,371 )
NET CURRENT ASSETS 1,076,459 1,162,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,473,539

1,162,574

CREDITORS
Amounts falling due after more than one
year

8

(227,911

)

-

PROVISIONS FOR LIABILITIES (2,131 ) (86 )
NET ASSETS 1,243,497 1,162,488

CAPITAL AND RESERVES
Called up share capital 260 260
Retained earnings 1,243,237 1,162,228
SHAREHOLDERS' FUNDS 1,243,497 1,162,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)

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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mr P S Wilson - Director


OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Oban Fish Selling Co Ltd is a private company, limited by shares , registered in England and Wales. 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised over its useful life.

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.
Short leasehold - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 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.

OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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

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 17 (2024 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 204,678
AMORTISATION
At 1 February 2024
and 31 January 2025 204,678
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2024 50,001 101,656 1,667
Additions 279,460 185,543 2,757
Disposals (50,001 ) - -
At 31 January 2025 279,460 287,199 4,424
DEPRECIATION
At 1 February 2024 50,001 101,656 1,665
Charge for year 27,946 46,386 690
Eliminated on disposal (50,001 ) - -
At 31 January 2025 27,946 148,042 2,355
NET BOOK VALUE
At 31 January 2025 251,514 139,157 2,069
At 31 January 2024 - - 2

OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 9,000 6,305 168,629
Additions 5,000 866 473,626
Disposals - - (50,001 )
At 31 January 2025 14,000 7,171 592,254
DEPRECIATION
At 1 February 2024 9,000 5,962 168,284
Charge for year 1,250 619 76,891
Eliminated on disposal - - (50,001 )
At 31 January 2025 10,250 6,581 195,174
NET BOOK VALUE
At 31 January 2025 3,750 590 397,080
At 31 January 2024 - 343 345

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 842,300 684,070
Other debtors 970,915 1,410,825
VAT 2,715 4,317
Prepayments 22,711 127,410
1,838,641 2,226,622

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 251,602
Trade creditors 663,752 743,440
Tax 998 15,763
Social security and other taxes 4,041 2,226
Other creditors 67,481 11,215
Directors' current accounts 4,070 1,570
Accruals and deferred income 80,048 67,555
820,390 1,093,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 227,911 -

OBAN FISH SELLING CO LTD (REGISTERED NUMBER: 06514910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 37,500 37,500
Between one and five years 150,000 150,000
In more than five years 131,250 168,750
318,750 356,250

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2024 - £1,000) were paid to the directors .