Company Registration No. NI624752 (Northern Ireland)
Seacliff Fishing Ltd
Unaudited accounts
for the year ended 31 January 2025
Seacliff Fishing Ltd
Unaudited accounts
Contents
Seacliff Fishing Ltd
Company Information
for the year ended 31 January 2025
Directors
Mr. R McKee
Mr. N McKee
Company Number
NI624752 (Northern Ireland)
Registered Office
23 MEADOWLANDS AVENUE
MANSE ROAD
KILKEEL
CO. DOWN
BT34 4YA
Accountants
Henderson & Co Accountants
1A Greencastle Street
Kilkeel
Down
BT344BH
Seacliff Fishing Ltd
Statement of financial position
as at 31 January 2025
Intangible assets
2,166
2,653
Tangible assets
(167,227)
(100,291)
Investments
900,468
893,194
Cash at bank and in hand
312,479
211,985
Creditors: amounts falling due within one year
(653,916)
(684,105)
Net current liabilities
(340,689)
(472,120)
Total assets less current liabilities
394,718
323,436
Creditors: amounts falling due after more than one year
-
(28,209)
Net assets
394,718
295,227
Called up share capital
4
4
Profit and loss account
394,714
295,223
Shareholders' funds
394,718
295,227
For the year ending 31 January 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 23 May 2025 and were signed on its behalf by
Mr. N McKee
Director
Company Registration No. NI624752
Seacliff Fishing Ltd
Notes to the Accounts
for the year ended 31 January 2025
Seacliff Fishing Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI624752. The registered office is 23 MEADOWLANDS AVENUE, MANSE ROAD, KILKEEL, CO. DOWN, BT34 4YA.
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 year, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Software - 10% Straight Line
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Other tangible fixed assets
Fishing Vessel & Quota - 10% Straight Line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Seacliff Fishing Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2024
138,787
4,873
143,660
At 31 January 2025
138,787
4,873
143,660
At 1 February 2024
138,787
2,220
141,007
Charge for the year
-
487
487
At 31 January 2025
138,787
2,707
141,494
At 31 January 2025
-
2,166
2,166
At 31 January 2024
-
2,653
2,653
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
17,428
49,217
30,400
14,712
111,757
At 31 January 2025
17,428
49,217
30,400
14,712
111,757
At 1 February 2024
-
29,715
7,900
174,433
212,048
Charge for the year
-
4,875
5,725
56,336
66,936
At 31 January 2025
-
34,590
13,625
230,769
278,984
At 31 January 2025
17,428
14,627
16,775
(216,057)
(167,227)
At 31 January 2024
17,428
19,502
22,500
(159,721)
(100,291)
6
Investments
Other investments
Valuation at 1 February 2024
893,194
Valuation at 31 January 2025
900,468
Seacliff Fishing Ltd
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
18,255
1,748
Trade creditors
43,760
44,753
Taxes and social security
-
23,804
Other creditors
50,000
50,000
Loans from directors
521,857
522,703
9
Creditors: amounts falling due after more than one year
2025
2024
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).