REGISTERED NUMBER: SC251653 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J Anderson Fishing Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J A Anderson

REGISTERED OFFICE:

Helendale House South

Lerwick

Shetland

ZE1 0RG

REGISTERED NUMBER:

SC251653 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

19,382

24,425

CURRENT ASSETS

Debtors

5

3,894

3,212

Cash at bank

16,866

29,592

20,760

32,804

CREDITORS

Amounts falling due within one year

6

12,468

18,254

NET CURRENT ASSETS

8,292

14,550

TOTAL ASSETS LESS CURRENT LIABILITIES

27,674

38,975

PROVISIONS FOR LIABILITIES

3,683

6,106

NET ASSETS

23,991

32,869

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

23,989

32,867

SHAREHOLDERS' FUNDS

23,991

32,869

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 29 October 2025 and were signed by:

Mr J A Anderson - Director

1.	STATUTORY INFORMATION

J Anderson Fishing Ltd. 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

6.25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

17,310

16,325

2,407

36,042

Additions

-

-

1,338

1,338

Disposals

(5,000

)

-

(1,699

)

(6,699

)

At 31 March 2025

12,310

16,325

2,046

30,681

DEPRECIATION

At 1 April 2024

5,603

4,081

1,933

11,617

Charge for year

770

3,061

675

4,506

Eliminated on disposal

(3,125

)

-

(1,699

)

(4,824

)

At 31 March 2025

3,248

7,142

909

11,299

NET BOOK VALUE

At 31 March 2025

9,062

9,183

1,137

19,382

At 31 March 2024

11,707

12,244

474

24,425

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,702

2,400

Other debtors

1,192

812

3,894

3,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

778

Taxation and social security

7,297

14,953

Other creditors

5,171

2,523

12,468

18,254

7.	RELATED PARTY DISCLOSURES

During the year the company received income of £82,852 (2023 - £79,214) from Alison Kay Fishing Ltd, a company that James Anderson was a director of until he resigned on 4th April 2025.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A Anderson and Mrs A C Anderson.