Registered number
07054405
B & J FISHERIES LIMITED
Unaudited Filleted Accounts
31 October 2024
B & J FISHERIES LIMITED
Registered number: 07054405
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,738 2,317
Current assets
Debtors 4 62,669 6,922
Cash at bank and in hand 10,257 14,580
72,926 21,502
Creditors: amounts falling due within one year 5 (188,608) (133,180)
Net current liabilities (115,682) (111,678)
Net liabilities (113,944) (109,361)
Capital and reserves
Called up share capital 100 100
Profit and loss account (114,044) (109,461)
Shareholders' funds (113,944) (109,361)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Goddard
Director
Approved by the board on 18 July 2025
B & J FISHERIES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents fish sales.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going Concern
The Accounts have been prepared on the Going Concern basis in light of the continuing
financial support of the Director shareholders.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 39,806
At 31 October 2024 39,806
Depreciation
At 1 November 2023 37,489
Charge for the year 579
At 31 October 2024 38,068
Net book value
At 31 October 2024 1,738
At 31 October 2023 2,317
4 Debtors 2024 2023
£ £
Other debtors 62,669 6,922
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,513 23,687
Taxation and social security costs 722 7,142
Other creditors 178,373 102,351
188,608 133,180
6 Other information
B & J FISHERIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Sewardstone Road
Waltham Abbey
Essex
EN9 1NA
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