Company Registration No. SC752143 (Scotland)
Handyside Fishing (North) Ltd
Unaudited accounts
for the period from 1 February 2024 to 31 March 2025
Handyside Fishing (North) Ltd
Unaudited accounts
Contents
Handyside Fishing (North) Ltd
Company Information
for the period from 1 February 2024 to 31 March 2025
Directors
David Handyside
Steven Handyside
Company Number
SC752143 (Scotland)
Registered Office
Business First Linwood Point
Paisley
Glasgow
PA1 2FB
United Kingdom
Handyside Fishing (North) Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
91,667
-
Tangible assets
297,556
306,621
Cash at bank and in hand
122,948
7,390
Creditors: amounts falling due within one year
(9,299)
(500)
Net current assets
121,007
8,027
Total assets less current liabilities
510,230
314,648
Creditors: amounts falling due after more than one year
(428,015)
(312,882)
Provisions for liabilities
Deferred tax
(18,109)
(335)
Called up share capital
1
1
Profit and loss account
64,105
1,430
Shareholders' funds
64,106
1,431
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
Steven Handyside
Director
Company Registration No. SC752143
Handyside Fishing (North) Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
Handyside Fishing (North) Ltd is a private company, limited by shares, registered in Scotland, registration number SC752143. The registered office is Business First Linwood Point, Paisley, Glasgow, PA1 2FB, United Kingdom.
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.
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
40 Year Straight Line
Intangible fixed assets represent ownership of Fishing Quota are included at cost less accumulated amortisation.
Amortisation is spread over 8 years on a straight line basis.
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 (North) Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
4
Intangible fixed assets
Other
Charge for the period
8,333
5
Tangible fixed assets
Plant & machinery
At 1 February 2024
310,778
Charge for the period
9,065
At 31 January 2024
306,621
Amounts falling due within one year
Accrued income and prepayments
4,231
-
7
Creditors: amounts falling due within one year
2025
2024
Handyside Fishing (North) Ltd
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
428,015
312,882
The company is a wholly owned subsidiary of Handyside Holdings Ltd (Company number 14510796), which is the ultimate controlling party.
10
Average number of employees
During the period the average number of employees was 0 (2024: 0).