BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continues to be that of marketing sundry fish products for the United Kingdom market and filleting herring and mackerel for north continental Europe. 16 June 2025 11 12 NI012350 2024-09-30 NI012350 2023-09-30 NI012350 2022-09-30 NI012350 2023-10-01 2024-09-30 NI012350 2022-10-01 2023-09-30 NI012350 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI012350 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI012350 uk-bus:AbridgedAccounts 2023-10-01 2024-09-30 NI012350 uk-core:ShareCapital 2024-09-30 NI012350 uk-core:ShareCapital 2023-09-30 NI012350 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI012350 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI012350 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI012350 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI012350 uk-bus:FRS102 2023-10-01 2024-09-30 NI012350 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-01 2024-09-30 NI012350 uk-core:LandBuildings 2023-10-01 2024-09-30 NI012350 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI012350 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI012350 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI012350 uk-core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI012350 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 NI012350 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 NI012350 2023-10-01 2024-09-30 NI012350 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 NI012350 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI012350
 
 
Kilkeel Kippering Company Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Kilkeel Kippering Company Limited
Company Registration Number: NI012350
ABRIDGED BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 34,810 34,810
Tangible assets 5 259,192 330,969
───────── ─────────
Fixed Assets 294,002 365,779
───────── ─────────
 
Current Assets
Stocks 436,975 542,003
Debtors 500,438 228,724
Cash and cash equivalents 565,837 598,536
───────── ─────────
1,503,250 1,369,263
───────── ─────────
Creditors: amounts falling due within one year (1,340,044) (1,324,556)
───────── ─────────
Net Current Assets 163,206 44,707
───────── ─────────
Total Assets less Current Liabilities 457,208 410,486
 
Provisions for liabilities (49,246) (61,925)
 
Government grants (48,058) (60,072)
───────── ─────────
Net Assets 359,904 288,489
═════════ ═════════
 
Capital and Reserves
Called up share capital 224,000 224,000
Retained earnings 135,904 64,489
───────── ─────────
Equity attributable to owners of the company 359,904 288,489
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 16 June 2025 and signed on its behalf by
           
           
________________________________          
Cecil McCullough          
Director          
           



Kilkeel Kippering Company Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Kilkeel Kippering Company Limited is a company limited by shares incorporated in the Northern Ireland
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Licence
Licence are valued at cost less accumulated amortisation.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - twenty five
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
  Fishing Vessel - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 11, (2023 - 12).
 
  2024 2023
  Number Number
 
Employees 11 12
  ═════════ ═════════
       
4. Intangible assets
     
  Licence Total
  £ £
Cost
At 1 October 2023 34,810 34,810
  ───────── ─────────
 
At 30 September 2024 34,810 34,810
  ───────── ─────────
Net book value
At 30 September 2024 34,810 34,810
  ═════════ ═════════
At 30 September 2023 34,810 34,810
  ═════════ ═════════




               
5. Tangible assets
  Land and Plant and Fixtures, Motor Fishing Total
  buildings machinery fittings and vehicles Vessel  
  freehold   equipment      
  £ £ £ £ £ £
Cost or Valuation
At 1 October 2023 401,727 2,338,268 23,588 90,978 161,987 3,016,548
Disposals - (169,899) - - - (169,899)
  ───────── ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 401,727 2,168,369 23,588 90,978 161,987 2,846,649
  ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 401,727 2,149,629 21,688 81,757 30,778 2,685,579
Charge for the financial year - 33,167 380 2,305 13,121 48,973
On disposals - (147,095) - - - (147,095)
  ───────── ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 401,727 2,035,701 22,068 84,062 43,899 2,587,457
  ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 - 132,668 1,520 6,916 118,088 259,192
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 - 188,639 1,900 9,221 131,209 330,969
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════