REGISTERED NUMBER: SC333303 (Scotland)

D.R. Collin (Fish) Limited

Audited Financial Statements

for the Year Ended 30th April 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

Directors:

S F Aitchison

J C Cook

P J Virtue

Mrs S A Wilson

R Mark

Secretary:

R Mark

Registered office:

Unit 1

Coldingham Road Industrial Estate

Eyemouth

Berwickshire

TD14 5AN

Business address:

Collins Yard

34-36 Harbour Road

Eyemouth

Berwickshire

TD14 5HT

Registered number:

SC333303 (Scotland)

Auditors:

Rennie Welch Audit Limited

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

45,349

32,042

45,349

32,042

Current assets

Stocks

20,657

23,672

Debtors

6

12,425

19,994

Cash at bank and in hand

18,660

17,506

51,742

61,172

Creditors

Amounts falling due within one year

7

182,066

200,696

Net current liabilities

(130,324

)

(139,524

)

Total assets less current liabilities

(84,975

)

(107,482

)

Provisions for liabilities

2,366

2,558

Net liabilities

(87,341

)

(110,040

)

Capital and reserves

Called up share capital

200

200

Retained earnings

(87,541

)

(110,240

)

Shareholders' funds

(87,341

)

(110,040

)

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 Board of Directors and authorised for issue on 7th September 2026 and were signed on its behalf by:

R Mark - Director

P J Virtue - Director

1.	Statutory information

D.R. Collin (Fish) 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 the amount derived from ordinary activities, and is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances, and is stated net of VAT.

Revenue from sale of goods is recognised when all the following conditions are satisfied:

- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the company; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in the year ended 2008, has subsequently been fully written down to nil value.

Tangible fixed assets

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

Leasehold improvements - 8% reducing balance method

Plant and machinery - 20% reducing balance method

Motor vehicles - 20% reducing balance method

Office equipment - 20% reducing balance method

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of raw materials, consumables and goods purchased for resale is determined on a first-in, first-out basis. In respect of work in progress and finished goods, cost comprises direct materials, direct labour and an appropriate proportion of production overheads, based on the stage of completion at the reporting date.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. Provisions are made for obsolete, slow-moving or defective items where appropriate. Any write-down of stocks to net realisable value is recognised as an expense in the period in which it arises. Any subsequent reversal of a write-down is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, other debtors, trade creditors, other creditors, current accounts with related parties and accruals.

Trade debtors, other debtors, trade creditors, other creditors, current accounts with related parties and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at the rates of exchange ruling at the balance sheet date or the forward contract rate, where such contracts are in place. All differences are taken to the statement of income and retained earnings.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short-term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The company has a deficit on the balance sheet but continues to generate profitable returns from its trade. The majority of the continued funding for the company is secured from the financial contribution by the parent company of the group through a related party current account which is repayable on demand. However, the parent company has made a commitment not to seek repayment of this facility within the short term. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 8 (2025 - 8 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st May 2025

and 30th April 2026

320,000

Amortisation

At 1st May 2025

and 30th April 2026

320,000

Net book value

At 30th April 2026

-

At 30th April 2025

-

5.	Tangible fixed assets

Leasehold

Plant and

Motor

Office

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1st May 2025

22,621

59,678

5,650

660

88,609

Additions

18,309

235

-

231

18,775

At 30th April 2026

40,930

59,913

5,650

891

107,384

Depreciation

At 1st May 2025

1,810

50,842

3,336

579

56,567

Charge for year

3,129

1,814

463

62

5,468

At 30th April 2026

4,939

52,656

3,799

641

62,035

Net book value

At 30th April 2026

35,991

7,257

1,851

250

45,349

At 30th April 2025

20,811

8,836

2,314

81

32,042

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

4,880

14,125

Amounts owed by group undertakings

-

49

Other debtors

7,545

5,820

12,425

19,994

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

28,328

37,712

Amounts owed to group undertakings

137,691

142,527

Taxation and social security

3,826

8,364

Other creditors

12,221

12,093

182,066

200,696

8.	Secured debts

HSBC UK Bank PLC holds security by way of a floating charge over all assets and undertaking.

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Gillian Adamson BSC (Hons) CA CTA (Senior Statutory Auditor)

for and on behalf of Rennie Welch Audit Limited

10.	Name of parent of group

These financial statements are consolidated in the financial statements of D. R. Collin & Son Ltd. The registered office of D. R. Collin & Son Ltd is Unit 1, Coldingham Road Industrial Estate, Eyemouth, Berwickshire, TD14 5AN