AKL Fishing Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 7

AKL Fishing Limited

Company Information

Directors

Mr Lloyd Harris Mr Ashley Harris

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards and Keeping Limited Chartered AccountantsUnity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AKL Fishing Limitedfor the Year Ended 30 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AKL Fishing Limited for the year ended 30 April 2026 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of AKL Fishing Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of AKL Fishing Limited and state those matters that we have agreed to state to the Board of Directors of AKL Fishing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AKL Fishing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AKL Fishing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of AKL Fishing Limited. You consider that AKL Fishing 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 accounts of AKL Fishing 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 accounts.

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 September 2026

AKL Fishing Limited

(Registration number: 09450984)
Balance Sheet as at 30 April 2026

	Note	2026 £		2025 £
Fixed assets
Tangible assets	4		12,541		19,083
Current assets
Debtors	5	3,042		693
Cash at bank and in hand		9,790		28,866
		12,832		29,559
Creditors: Amounts falling due within one year	6	(6,906)		(13,365)
Net current assets			5,926		16,194
Total assets less current liabilities			18,467		35,277
Creditors: Amounts falling due after more than one year	6		(4,970)		(9,939)
Provisions for liabilities			(494)		(793)
Net assets			13,003		24,545
Capital and reserves
Called up share capital	7	3		3
Retained earnings		13,000		24,542
Shareholders' funds			13,003		24,545

For the financial year ending 30 April 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 September 2026 and signed on its behalf by:
 

Mr Ashley Harris
Director

AKL Fishing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

The principal place of business is:
85 East Weare Road
Portland
Dorset
DT5 1ET

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants received for the purchase of Capital assets are recognized as income over the period of the asset.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

AKL Fishing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Boats	10% straight line
Vehicles	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

AKL Fishing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2026

4	Tangible assets

	Fishing Boats £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2025	9,500	16,031	35,095	60,626
At 30 April 2026	9,500	16,031	35,095	60,626
Depreciation
At 1 May 2025	9,500	15,765	16,278	41,543
Charge for the year	-	133	6,409	6,542
At 30 April 2026	9,500	15,898	22,687	48,085
Carrying amount
At 30 April 2026	-	133	12,408	12,541
At 30 April 2025	-	266	18,817	19,083

5

Debtors

Current	2026 £	2025 £
Other debtors	3,042	693
	3,042	693

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	-	6,459
Accruals and deferred income	5,819	5,819
Other creditors	1,087	1,087
	6,906	13,365

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Deferred income	4,970	9,939

AKL Fishing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	3	3	3	3

8

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £Nil (2025 - £4,400.00) per each Ordinary share		-		13,200