Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SO302110 George West Limited Caley Fisheries Limited Mr Peter Willox Mrs Sandra Willox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO302110 2023-12-31 SO302110 2024-12-31 SO302110 2024-01-01 2024-12-31 SO302110 frs-core:CurrentFinancialInstruments 2024-12-31 SO302110 frs-core:Non-currentFinancialInstruments 2024-12-31 SO302110 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SO302110 frs-core:NetGoodwill 2024-12-31 SO302110 frs-core:NetGoodwill 2024-01-01 2024-12-31 SO302110 frs-core:NetGoodwill 2023-12-31 SO302110 frs-core:MotorVehicles 2024-12-31 SO302110 frs-core:MotorVehicles 2024-01-01 2024-12-31 SO302110 frs-core:MotorVehicles 2023-12-31 SO302110 frs-core:OtherResidualIntangibleAssets 2024-12-31 SO302110 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SO302110 frs-core:OtherResidualIntangibleAssets 2023-12-31 SO302110 frs-core:PlantMachinery 2024-12-31 SO302110 frs-core:PlantMachinery 2024-01-01 2024-12-31 SO302110 frs-core:PlantMachinery 2023-12-31 SO302110 frs-core:WithinOneYear 2024-12-31 SO302110 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 SO302110 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 SO302110 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SO302110 frs-bus:SmallEntities 2024-01-01 2024-12-31 SO302110 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SO302110 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SO302110 frs-core:CurrentFinancialInstruments 1 2024-12-31 SO302110 frs-countries:Scotland 2024-01-01 2024-12-31 SO302110 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 SO302110 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 SO302110 frs-bus:PartnerLLP3 2024-01-01 2024-12-31 SO302110 frs-bus:PartnerLLP4 2024-01-01 2024-12-31 SO302110 2022-12-31 SO302110 2023-12-31 SO302110 2023-01-01 2023-12-31 SO302110 frs-core:CurrentFinancialInstruments 2023-12-31 SO302110 frs-core:Non-currentFinancialInstruments 2023-12-31 SO302110 frs-core:BetweenOneFiveYears 2023-12-31 SO302110 frs-core:WithinOneYear 2023-12-31 SO302110 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: SO302110
MB Bountiful LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
M Squared Accountants Ltd
MB Bountiful LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
MB Bountiful LLP
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: SO302110

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 75,970 |  | 108,440
Tangible Assets | 5 |  | 72,692 |  | 82,339
|  |  | 148,662 |  | 190,779
CURRENT ASSETS
Debtors | 6 | 340,654 |  | 350,446 |
|  | 340,654 |  | 350,446 |
Creditors: Amounts Falling Due Within One Year | 7 | (213,499 ) |  | (221,644 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 127,155 |  | 128,802
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 275,817 |  | 319,581
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (32,796 ) |  | (76,560 )
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 243,021 |  | 243,021
REPRESENTED BY:
Equity
Members' other interests
Members' capital |  | 243,021 |  | 243,021 |
|  |  | 243,021 |  | 243,021
TOTAL MEMBERS' INTEREST
Amounts due from members |  |  | (340,654) |  | (350,446)
Members' other interests |  |  | 243,021 |  | 243,021
|  |  | (97,633) |  | (107,425)

Page 1
Page 2
MB Bountiful LLP
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members

George West Limited Designated Member
01/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
MB Bountiful LLP
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
MB Bountiful LLP is a limited liability partnership, incorporated in Scotland, registered number SO302110 . The Registered Office is 1-3 Dalrymple Street, Fraserburgh, Aberdeenshire, AB43 9BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Fishing Licence and Quota. Fishing Licence and Qutoa are amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 6.25% on cost
Motor Vehicles | 25% reducing balance

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
MB Bountiful LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets

| Licence | Quota | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 163,200 | 161,500 | 324,700
As at 31 December 2024 | 163,200 | 161,500 | 324,700
Amortisation
As at 1 January 2024 | 87,060 | 129,200 | 216,260
Provided during the period | 16,320 | 16,150 | 32,470
As at 31 December 2024 | 103,380 | 145,350 | 248,730
Net Book Value
As at 31 December 2024 | 59,820 | 16,150 | 75,970
As at 1 January 2024 | 76,140 | 32,300 | 108,440

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 100,000 | 32,210 | 132,210
As at 31 December 2024 | 100,000 | 32,210 | 132,210
Depreciation
As at 1 January 2024 | 31,250 | 18,621 | 49,871
Provided during the period | 6,250 | 3,397 | 9,647
As at 31 December 2024 | 37,500 | 22,018 | 59,518
Net Book Value
As at 31 December 2024 | 62,500 | 10,192 | 72,692
As at 1 January 2024 | 68,750 | 13,589 | 82,339

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts due from members | 340,654 |  | 350,446

Page 4
Page 5
MB Bountiful LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,224 |  | 4,224
Trade creditors | 110,968 |  | 112,362
Bank loans and overdrafts | 36,668 |  | 39,851
VAT | 3,964 |  | 3,985
Agent account (creditor) | 17,109 |  | 9,223
Other loans | 37,816 |  | 49,498
Accruals | 2,750 |  | 2,501
| 213,499 |  | 221,644

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 4,224
Bank loans | 32,796 |  | 72,336
| 32,796 |  | 76,560

9. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 4,224 |  | 4,224
Later than one year and not later than five years | - |  | 4,224
| 4,224 |  | 8,448
| 4,224 |  | 8,448

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