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REGISTERED NUMBER: SC263291 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Amity Fish Co Limited

Amity Fish Co Limited (Registered number: SC263291)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amity Fish Co Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J Buchan
Mrs I Buchan





REGISTERED OFFICE: 5a Seagate
Peterhead
AB42 1JP





REGISTERED NUMBER: SC263291 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Amity Fish Co Limited (Registered number: SC263291)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,652 -
Tangible assets 5 150,738 132,379
152,390 132,379

CURRENT ASSETS
Stocks 72,695 59,915
Debtors 6 91,017 108,522
Investments 7 - 439,075
Cash at bank and in hand 128,744 36,390
292,456 643,902
CREDITORS
Amounts falling due within one year 8 161,890 432,975
NET CURRENT ASSETS 130,566 210,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,956

343,306

CREDITORS
Amounts falling due after more than one
year

9

(79,399

)

(51,096

)

ACCRUALS AND DEFERRED INCOME (26,980 ) (31,741 )
NET ASSETS 176,577 260,469

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 176,477 260,467
SHAREHOLDERS' FUNDS 176,577 260,469

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

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

Amity Fish Co Limited (Registered number: SC263291)

Balance Sheet - continued
31 December 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 3 June 2025 and were signed on its behalf by:





Mr J Buchan - Director


Amity Fish Co Limited (Registered number: SC263291)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Amity Fish Co 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. 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 the amounts (excluding value added tax) derived from the provision of goods to customers. Revenue is recognised at the point of sale.

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.

Brand and website costs are being amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Amity Fish Co Limited (Registered number: SC263291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 28,795
Additions 2,065
At 31 December 2024 30,860
AMORTISATION
At 1 January 2024 28,795
Charge for year 413
At 31 December 2024 29,208
NET BOOK VALUE
At 31 December 2024 1,652
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 47,760 94,114 52,686 - 194,560
Additions 989 5,820 72,490 140 79,439
Disposals - - (52,686 ) - (52,686 )
At 31 December 2024 48,749 99,934 72,490 140 221,313
DEPRECIATION
At 1 January 2024 4,778 32,662 24,741 - 62,181
Charge for year 4,875 10,091 18,123 46 33,135
Eliminated on disposal - - (24,741 ) - (24,741 )
At 31 December 2024 9,653 42,753 18,123 46 70,575
NET BOOK VALUE
At 31 December 2024 39,096 57,181 54,367 94 150,738
At 31 December 2023 42,982 61,452 27,945 - 132,379

Amity Fish Co Limited (Registered number: SC263291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 72,490
At 31 December 2024 72,490
DEPRECIATION
Charge for year 18,123
At 31 December 2024 18,123
NET BOOK VALUE
At 31 December 2024 54,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 82,262 86,482
Other debtors 8,755 22,040
91,017 108,522

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Unlisted investments - 439,075

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,156 10,126
Hire purchase contracts (see note 10) 11,472 15,295
Trade creditors 128,734 64,633
Taxation and social security 2,752 2,238
Other creditors 8,776 340,683
161,890 432,975

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 10,940 21,096
Hire purchase contracts (see note 10) 38,459 -
Other creditors 30,000 30,000
79,399 51,096

Amity Fish Co Limited (Registered number: SC263291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 11,472 15,295
Between one and five years 38,459 -
49,931 15,295

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 19,937 -