Company Registration No. 05554982 (England and Wales)
Handyside Fishing Ltd
Unaudited accounts
for the period from 1 February 2024 to 31 March 2025
Handyside Fishing Ltd
Unaudited accounts
Contents
Handyside Fishing Ltd
Company Information
for the period from 1 February 2024 to 31 March 2025
Directors
Mr David Handyside
Mr Steven Handyside
Mrs Audrey Handyside
Company Number
05554982 (England and Wales)
Registered Office
12 Runciman Way
Amble
Morpeth
Northumberland
NE65 0AW
England
Handyside Fishing Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
111,866
186,444
Tangible assets
397,802
476,924
Cash at bank and in hand
39,651
176,036
Creditors: amounts falling due within one year
(78,393)
(205,895)
Net current assets
396,809
290,973
Total assets less current liabilities
906,477
954,341
Provisions for liabilities
Deferred tax
(86,849)
(90,616)
Net assets
819,628
863,725
Called up share capital
100
100
Profit and loss account
819,528
863,625
Shareholders' funds
819,628
863,725
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Mr Steven Handyside
Director
Company Registration No. 05554982
Handyside Fishing Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
Handyside Fishing Ltd is a private company, limited by shares, registered in England and Wales, registration number 05554982. The registered office is 12 Runciman Way, Amble, Morpeth, Northumberland, NE65 0AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
5 Year Straight Line
Computer equipment
3 Year Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Handyside Fishing Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2024
937,000
299,752
1,236,752
At 31 March 2025
937,000
299,752
1,236,752
At 1 February 2024
937,000
113,308
1,050,308
Charge for the period
-
74,578
74,578
At 31 March 2025
937,000
187,886
1,124,886
At 31 March 2025
-
111,866
111,866
At 31 January 2024
-
186,444
186,444
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
991,911
102,154
2,650
1,096,715
Additions
4,900
-
1,654
6,554
At 31 March 2025
996,811
102,154
4,304
1,103,269
At 1 February 2024
560,111
57,536
2,144
619,791
Charge for the period
74,665
10,114
897
85,676
At 31 March 2025
634,776
67,650
3,041
705,467
At 31 March 2025
362,035
34,504
1,263
397,802
At 31 January 2024
431,800
44,618
506
476,924
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
428,015
310,778
Handyside Fishing Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
19,406
130,081
Taxes and social security
58,205
37,956
Loans from directors
782
695
8
Average number of employees
During the period the average number of employees was 2 (2024: 2).