BF 833 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC216114

BF 833 LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 July 2025

BF 833 LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

BF 833 LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	D. A. Smith
	J. Watt

Company secretary	C. McGregor

Registered office	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

Accountants	Ritsons
	Chartered Accountants
	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

BF 833 LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BF 833 LIMITED

YEAR ENDED 31 JULY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BF 833 Limited for the year ended 31 July 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of BF 833 Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of BF 833 Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BF 833 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BF 833 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BF 833 Limited. You consider that BF 833 Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of BF 833 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ritsons Chartered Accountants

26-30 Marine Place Buckie Moray AB56 1UT

29 April 2026

BF 833 LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025	2024
Note	£	£

FIXED ASSETS

Intangible assets	5	29,875	36,543
Tangible assets	6	70,365	59,992
		---------	--------
		100,240	96,535

CURRENT ASSETS

Debtors	7	112,237	32,253
Cash at bank and in hand		79,543	49,706
		---------	--------
		191,780	81,959

CREDITORS: amounts falling due within one year	8	75,821	41,194
		---------	--------
NET CURRENT ASSETS		115,959	40,765
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		216,199	137,300

CREDITORS: amounts falling due after more than one year	9	83,389	94,827

PROVISIONS

Taxation including deferred tax	8,981	3,053
	---------	---------
NET ASSETS	123,829	39,420
	---------	---------

CAPITAL AND RESERVES

Called up share capital	220	220
Share premium account	109,780	109,780
Profit and loss account	13,829	( 70,580)
	---------	---------
SHAREHOLDERS FUNDS	123,829	39,420
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BF 833 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

D. A. Smith	J. Watt
Director	Director

Company registration number: SC216114

BF 833 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

The turnover shown in the detailed income statement represents amounts invoiced during the year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed assets

All fixed assets are initially recorded at cost.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Quota	-	Straight line, over 15 years
Fishing licence	-	Straight line, over 15 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fishing vessel & equipment	-	Straight line, over 10 years
Motor vehicles	-	Straight line, over 4 years

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement on a straight line basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Intangible assets

	Licence	Quota	Total
	£	£	£
Cost
At 1 August 2024 and 31 July 2025	100,023	120,000	220,023
	---------	---------	---------
Amortisation
At 1 August 2024	63,480	120,000	183,480
Charge for the year	6,668	–	6,668
	---------	---------	---------
At 31 July 2025	70,148	120,000	190,148
	---------	---------	---------
Carrying amount
At 31 July 2025	29,875	–	29,875
	---------	---------	---------
At 31 July 2024	36,543	–	36,543
	---------	---------	---------

6. Tangible assets

	Fishing vessel & equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 August 2024	832,072	26,495	858,567
Additions	900	37,416	38,316
Disposals	–	( 26,495)	( 26,495)
	---------	--------	---------
At 31 July 2025	832,972	37,416	870,388
	---------	--------	---------
Depreciation
At 1 August 2024	772,080	26,495	798,575
Charge for the year	18,589	9,354	27,943
Disposals	–	( 26,495)	( 26,495)
	---------	--------	---------
At 31 July 2025	790,669	9,354	800,023
	---------	--------	---------
Carrying amount
At 31 July 2025	42,303	28,062	70,365
	---------	--------	---------
At 31 July 2024	59,992	–	59,992
	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Other debtors	112,237	32,253
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	19,657	22,205
Trade creditors	7,636	5,579
Corporation tax	14,499	–
Other creditors	34,029	13,410
	--------	--------
	75,821	41,194
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	83,389	94,827
	--------	--------

10. Directors' advances, credits and guarantees

As at 31 July 2025 the director Mr D A Smith owed the company £3,354 (2024: £586) by way of a director's loan.

11. Related party transactions

Mr J. Watt is also a director of Macduff Shipyards Limited. Macduff Shipyards Limited carried out work on the vessel during the year for a consideration of £13,042 (2024: £31,554). At 31 July 2025 the company also owed Macduff Shipyards £6,285 (2024: £6,285). There are no set repayment terms for the balance and no interest is charged. D Smith is also a director of Stadd Limited. Stadd Limited provided crew services to the company during the year for a consideration of £92,854 (2024: £76,475).