Company Registration No. 05554982 (England and Wales)
Handyside Fishing Ltd
Unaudited accounts
for the year ended 31 March 2026
Handyside Fishing Ltd
Unaudited accounts
Contents
Handyside Fishing Ltd
Company Information
for the year ended 31 March 2026
Directors
Mr David Handyside
Mr Steven Handyside
Mrs Audrey Handyside
Company Number
05554982 (England and Wales)
Registered Office
12 Runciman Way
Amble
Morpeth
Northumberland
NE65 0AW
England
Handyside Fishing Ltd
Statement of financial position
as at 31 March 2026
Intangible assets
47,942
111,866
Tangible assets
336,045
397,802
Cash at bank and in hand
9,474
39,651
Creditors: amounts falling due within one year
(11,243)
(78,393)
Net current assets
325,483
396,809
Total assets less current liabilities
709,470
906,477
Creditors: amounts falling due after more than one year
(130,250)
-
Provisions for liabilities
Deferred tax
(49,325)
(86,849)
Net assets
529,895
819,628
Called up share capital
100
100
Profit and loss account
529,795
819,528
Shareholders' funds
529,895
819,628
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by
Mr Steven Handyside
Director
Company Registration No. 05554982
Handyside Fishing Ltd
Notes to the Accounts
for the year ended 31 March 2026
Handyside Fishing Ltd is a private company, limited by shares, registered in England and Wales, registration number 05554982. The registered office is 12 Runciman Way, Amble, Morpeth, Northumberland, NE65 0AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
5 Year Straight Line
Computer equipment
3 Year Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Handyside Fishing Ltd
Notes to the Accounts
for the year ended 31 March 2026
The company paid dividends of £75,000 during the financial year.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2025
937,000
299,752
1,236,752
At 31 March 2026
937,000
299,752
1,236,752
At 1 April 2025
937,000
187,886
1,124,886
Charge for the year
-
63,924
63,924
At 31 March 2026
937,000
251,810
1,188,810
At 31 March 2026
-
47,942
47,942
At 31 March 2025
-
111,866
111,866
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
996,811
102,154
4,304
1,103,269
At 31 March 2026
996,811
102,154
4,304
1,103,269
At 1 April 2025
634,776
67,650
3,041
705,467
Charge for the year
54,305
6,901
551
61,757
At 31 March 2026
689,081
74,551
3,592
767,224
At 31 March 2026
307,730
27,603
712
336,045
At 31 March 2025
362,035
34,504
1,263
397,802
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
324,197
428,015
Handyside Fishing Ltd
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
9,457
19,406
Taxes and social security
-
58,205
Loans from directors
1,786
782
8
Creditors: amounts falling due after more than one year
2026
2025
Amounts owed to group undertakings and other participating interests
130,250
-
Alliance Fish Ltd (Company number 12450362) - £130,250
9
Transactions with related parties
Handyside Fishing (North) Ltd (Company number SC752143) owes £324,197 to Handyside Fishing Ltd at the year end. This is shown in debtors > 1 year
The company is an 80% owned subsidiary of Handyside Holdings Ltd (Company number 14510796), which is the ultimate controlling party.
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Average number of employees
During the year the average number of employees was 2 (2025: 2).