REGISTERED NUMBER: 05186082 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2026

for

Gair Trawlers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Gair

SECRETARY:

REGISTERED OFFICE:

7 St Mary's Wynd

Seaton Sluice

Northumberland

NE26 4RU

REGISTERED NUMBER:

05186082 (England and Wales)

ACCOUNTANTS:

G Spratt Accountancy Ltd

Abbeylands

High Street

Dunbar

East Lothian

EH42 1EH

FIXED ASSETS

Tangible assets

4

727,225

587,615

CURRENT ASSETS

Debtors

5

67,111

53,689

Cash at bank

21,911

164,942

89,022

218,631

CREDITORS

Amounts falling due within one year

6

26,793

101,268

NET CURRENT ASSETS

62,229

117,363

TOTAL ASSETS LESS CURRENT LIABILITIES

789,454

704,978

CREDITORS

Amounts falling due after more than one year

7

38,026

50,000

NET ASSETS

751,428

654,978

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

750,428

653,978

SHAREHOLDERS' FUNDS

751,428

654,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2026 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 30 July 2026 and were signed by:

D Gair - Director

1.	STATUTORY INFORMATION

Gair Trawlers Limited is a private company, limited by shares , registered in England and Wales. 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 etc

-

25% on cost and 2% on cost

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.

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 5 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2025

701,965

Additions

192,952

At 5 April 2026

894,917

DEPRECIATION

At 6 April 2025

114,350

Charge for year

53,342

At 5 April 2026

167,692

NET BOOK VALUE

At 5 April 2026

727,225

At 5 April 2025

587,615

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

5.4.25

£

£

Trade debtors

47,140

47,140

Other debtors

19,971

6,549

67,111

53,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

5.4.25

£

£

Bank loans and overdrafts

10,650

10,650

Trade creditors

6,371

12,142

Taxation and social security

-

8,141

Other creditors

9,772

70,335

26,793

101,268

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.26

5.4.25

£

£

Bank loans

38,026

50,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.26

5.4.25

£

£

Bank loans

48,676

60,650

The bank loans and overdraft are secured by a mortgage over the fishing boat and a fixed and floating charge over all assets.