REGISTERED NUMBER: SC341117 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Dawn Shellfish Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Alan Seamus MacIntyre

SECRETARY:

Mr Angus MacIntyre

REGISTERED OFFICE:

Oceanview

4 South Locheynort

Isle of South Uist

HS8 5SJ

REGISTERED NUMBER:

SC341117 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

11,250

15,000

Tangible assets

5

238,544

196,562

249,794

211,562

CURRENT ASSETS

Debtors

6

9,362

1,376

Cash at bank

-

2,940

9,362

4,316

CREDITORS

Amounts falling due within one year

7

127,178

86,888

NET CURRENT LIABILITIES

(117,816

)

(82,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

131,978

128,990

CREDITORS

Amounts falling due after more than one year

8

(13,600

)

(3,438

)

PROVISIONS FOR LIABILITIES

9

(31,313

)

(31,313

)

NET ASSETS

87,065

94,239

RESERVES

Retained earnings

87,065

94,239

SHAREHOLDERS' FUNDS

87,065

94,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2025 and were signed by:

Mr Alan Seamus MacIntyre - Director

1.	STATUTORY INFORMATION

Dawn Shellfish Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Boat

-

10% on cost

Licence

-

not provided

Fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and 15% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors,with no stated interest rate and receivable or payable within one year are recorded at transaction price.Any losses arising from impairment are recognisable in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Goodwill

Goodwill,being the amount paid in connection with the acquisition of a business in 2008 has been written off over its remaining useful life of twelve years.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

75,000

AMORTISATION

At 1 April 2024

60,000

Amortisation for year

3,750

At 31 March 2025

63,750

NET BOOK VALUE

At 31 March 2025

11,250

At 31 March 2024

15,000

5.	TANGIBLE FIXED ASSETS

Heritable

property

Boat

Licence

£

£

£

COST

At 1 April 2024

1,633

138,620

31,000

Additions

-

123,418

-

Disposals

-

(100,000

)

-

At 31 March 2025

1,633

162,038

31,000

DEPRECIATION

At 1 April 2024

668

48,800

-

Charge for year

97

15,212

-

Eliminated on disposal

-

(30,000

)

-

At 31 March 2025

765

34,012

-

NET BOOK VALUE

At 31 March 2025

868

128,026

31,000

At 31 March 2024

965

89,820

31,000

Fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2024

243,962

49,809

465,024

Additions

-

26,833

150,251

Disposals

(1,465

)

(18,990

)

(120,455

)

At 31 March 2025

242,497

57,652

494,820

DEPRECIATION

At 1 April 2024

188,316

30,678

268,462

Charge for year

8,251

6,049

29,609

Eliminated on disposal

(816

)

(10,979

)

(41,795

)

At 31 March 2025

195,751

25,748

256,276

NET BOOK VALUE

At 31 March 2025

46,746

31,904

238,544

At 31 March 2024

55,646

19,131

196,562

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

18,990

Additions

22,000

At 31 March 2025

40,990

DEPRECIATION

At 1 April 2024

4,747

Charge for year

3,300

At 31 March 2025

8,047

NET BOOK VALUE

At 31 March 2025

32,943

At 31 March 2024

14,243

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

9,362

1,376

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,093

-

Hire purchase contracts

3,400

3,750

Taxation and social security

-

3,052

Other creditors

118,685

80,086

127,178

86,888

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,600

3,438

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

31,313

31,313

Deferred

tax

£

Balance at 1 April 2024

31,313

Decrease in provision

Balance at 31 March 2025

31,313

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

-

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Alan Seamus MacIntyre.