REGISTERED NUMBER: SC338564 (Scotland)

THE FISH PEOPLE (SCOTLAND) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Bell

SECRETARY:

T Bell

REGISTERED OFFICE:

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

BUSINESS ADDRESS:

350a Scotland Street

Glasgow

G5 8QF

REGISTERED NUMBER:

SC338564 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

BANKERS:

Santander

Shawlands Branch

110 Kilmarnock Road

Glasgow

G41 3NN

FIXED ASSETS

Intangible assets

4

82,473

111,519

Tangible assets

5

220,536

187,768

303,009

299,287

CURRENT ASSETS

Stocks

37,839

38,221

Debtors

6

344,922

476,897

Cash at bank and in hand

2,253,587

2,294,778

2,636,348

2,809,896

CREDITORS

Amounts falling due within one year

7

613,398

824,921

NET CURRENT ASSETS

2,022,950

1,984,975

TOTAL ASSETS LESS CURRENT LIABILITIES

2,325,959

2,284,262

PROVISIONS FOR LIABILITIES

48,884

37,779

NET ASSETS

2,277,075

2,246,483

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,277,074

2,246,482

SHAREHOLDERS' FUNDS

2,277,075

2,246,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd December 2025 and were signed by:

A Bell - Director

1.	STATUTORY INFORMATION

The Fish People (Scotland) 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Website design is being amortised evenly over its estimated useful life of five years.

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 etc

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 31st March 2024

and 30th March 2025

548,000

8,224

556,224

AMORTISATION

At 31st March 2024

438,400

6,305

444,705

Charge for year

27,400

1,646

29,046

At 30th March 2025

465,800

7,951

473,751

NET BOOK VALUE

At 30th March 2025

82,200

273

82,473

At 30th March 2024

109,600

1,919

111,519

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31st March 2024

403,829

Additions

93,990

Disposals

(31,498

)

At 30th March 2025

466,321

DEPRECIATION

At 31st March 2024

216,061

Charge for year

48,138

Eliminated on disposal

(18,414

)

At 30th March 2025

245,785

NET BOOK VALUE

At 30th March 2025

220,536

At 30th March 2024

187,768

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

319,342

383,524

Other debtors

25,580

93,373

344,922

476,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

484,584

505,374

Taxation and social security

56,585

118,701

Other creditors

72,229

200,846

613,398

824,921

8.	OTHER FINANCIAL COMMITMENTS

Total amount of commitments guarantees and contingencies is £53,157 (2024 - £75,683). This amount consists of operating lease commitments payable over the next 5 years.

9.	RELATED PARTY DISCLOSURES

The director has advanced the company an interest free loan of £14,380 (2024 - £142,491). There is no fixed term of repayment.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Bell.