0 false false false false false false false false false false true false false false false true false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 431,722 411,551 1,706 413,257 18,465 xbrli:pure xbrli:shares iso4217:GBP SC179910 2024-01-01 2024-12-31 SC179910 2024-12-31 SC179910 2023-12-31 SC179910 2023-01-01 2023-12-31 SC179910 2023-12-31 SC179910 2022-12-31 SC179910 core:LandBuildings 2024-01-01 2024-12-31 SC179910 core:MotorVehicles 2024-01-01 2024-12-31 SC179910 bus:RegisteredOffice 2024-01-01 2024-12-31 SC179910 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 SC179910 bus:Director1 2024-01-01 2024-12-31 SC179910 bus:Director2 2024-01-01 2024-12-31 SC179910 bus:Director5 2024-01-01 2024-12-31 SC179910 bus:CompanySecretary1 2024-01-01 2024-12-31 SC179910 core:NetGoodwill 2023-12-31 SC179910 core:NetGoodwill 2024-12-31 SC179910 core:LandBuildings 2023-12-31 SC179910 core:MotorVehicles 2023-12-31 SC179910 core:LandBuildings 2024-12-31 SC179910 core:MotorVehicles 2024-12-31 SC179910 core:WithinOneYear 2024-12-31 SC179910 core:WithinOneYear 2023-12-31 SC179910 core:AfterOneYear 2024-12-31 SC179910 core:AfterOneYear 2023-12-31 SC179910 core:ShareCapital 2024-12-31 SC179910 core:ShareCapital 2023-12-31 SC179910 core:SharePremium 2024-12-31 SC179910 core:SharePremium 2023-12-31 SC179910 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC179910 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC179910 core:NetGoodwill 2024-01-01 2024-12-31 SC179910 core:NetGoodwill 2023-12-31 SC179910 core:LandBuildings 2023-12-31 SC179910 core:MotorVehicles 2023-12-31 SC179910 bus:SmallEntities 2024-01-01 2024-12-31 SC179910 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC179910 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC179910 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC179910 bus:FullAccounts 2024-01-01 2024-12-31 SC179910 core:PlantMachinery 2024-01-01 2024-12-31 SC179910 core:PlantMachinery 2024-12-31 SC179910 core:PlantMachinery 2023-12-31
COMPANY REGISTRATION NUMBER: SC179910

BOW FIDDLE FISHING COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

BOW FIDDLE FISHING COMPANY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents | Page

Officers and professional advisers | 1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

BOW FIDDLE FISHING COMPANY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | F Smith
| C Smith
| S Taylor

Company secretary | Mrs C McGregor

Registered office | 26-30 Marine Place
| Buckie
| Moray
| AB56 1UT

Accountants | Ritsons
| Chartered Accountants
| 26-30 Marine Place
| Buckie
| Moray
| AB56 1UT

BOW FIDDLE FISHING COMPANY LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOW FIDDLE FISHING COMPANY LIMITED

YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bow Fiddle Fishing Company Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Bow Fiddle Fishing Company Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Bow Fiddle Fishing Company Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bow Fiddle Fishing Company Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Bow Fiddle Fishing Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bow Fiddle Fishing Company Limited. You consider that Bow Fiddle Fishing Company Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Bow Fiddle Fishing Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
19 September 2025

BOW FIDDLE FISHING COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

| 2024 | 2023
Note | £ | £

FIXED ASSETS

Intangible assets | 4 | 18,465 | 20,170
Tangible assets | 5 | 1,177,178 | 1,286,031
| ------------ | ------------
| 1,195,643 | 1,306,201

CURRENT ASSETS

Debtors | 6 | 28,770 | 22,667
Cash at bank and in hand | 33,684 | 37,243
| -------- | --------
| 62,454 | 59,910

CREDITORS: amounts falling due within one year | 7 | 202,677 | 181,273
| --------- | ---------
NET CURRENT LIABILITIES | 140,223 | 121,363
| ------------ | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,055,420 | 1,184,838

CREDITORS: amounts falling due after more than one year | 8 | 812,752 | 848,047
| ------------ | ------------
NET ASSETS | 242,668 | 336,791
| ------------ | ------------

CAPITAL AND RESERVES

Called up share capital | 374,848 | 374,848
Share premium account | 45,192 | 45,192
Profit and loss account | ( 177,372) | ( 83,249)
| --------- | ---------
SHAREHOLDERS FUNDS | 242,668 | 336,791
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BOW FIDDLE FISHING COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

S Taylor
Director

Company registration number: SC179910

BOW FIDDLE FISHING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
The turnover shown in the detailed income statement represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Licence | - | 6.67% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fishing vessel & gear | - | 5% straight line
| Motor vehicles | - | 20% straight line
| Equipment | - | 20% straight line

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement on a straight line basis.
Deferred government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the income statement over the estimated useful life of the assets to which they relate.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Intangible assets

| Licence
| £
Cost |
At 1 January 2024 and 31 December 2024 | 431,722
| ---------
Amortisation |
At 1 January 2024 | 411,551
Charge for the year | 1,706
| ---------
At 31 December 2024 | 413,257
| ---------
Carrying amount |
At 31 December 2024 | 18,465
| ---------
At 31 December 2023 | 20,171
| ---------

5. Tangible assets

| Fishing vessel & gear | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2024 and 31 December 2024 | 1,463,284 | 49,000 | 94,353 | 1,606,637
| ------------ | -------- | -------- | ------------
Depreciation |  |  |  |
At 1 January 2024 | 244,878 | 19,600 | 56,128 | 320,606
Charge for the year | 81,677 | 9,800 | 17,376 | 108,853
| ------------ | -------- | -------- | ------------
At 31 December 2024 | 326,555 | 29,400 | 73,504 | 429,459
| ------------ | -------- | -------- | ------------
Carrying amount |  |  |  |
At 31 December 2024 | 1,136,729 | 19,600 | 20,849 | 1,177,178
| ------------ | -------- | -------- | ------------
At 31 December 2023 | 1,218,406 | 29,400 | 38,225 | 1,286,031
| ------------ | -------- | -------- | ------------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 26,048 | 19,586
Other debtors | 2,722 | 3,081
| -------- | --------
| 28,770 | 22,667
| -------- | --------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 116,717 | 116,717
Trade creditors | 37,529 | 48,788
Other creditors | 48,431 | 15,768
| --------- | ---------
| 202,677 | 181,273
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 772,472 | 796,087
Other creditors | 40,280 | 51,960
| --------- | ---------
| 812,752 | 848,047
| --------- | ---------

9. Related party transactions
The company was under the control of Mr F Smith throughout the current and previous year. Mr F Smith is the managing director and a significant shareholder of the company. The major shareholder is Denholm Fishselling Limited.