RC Fishing Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC375505 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

RC Fishing Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R J F Cowie

REGISTERED OFFICE:

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

REGISTERED NUMBER:

SC375505 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Tangible assets

4

599

-

CURRENT ASSETS

Debtors

5

4,300

-

Cash at bank

55,887

47,719

60,187

47,719

CREDITORS

Amounts falling due within one year

6

18,804

13,100

NET CURRENT ASSETS

41,383

34,619

TOTAL ASSETS LESS CURRENT LIABILITIES

41,982

34,619

PROVISIONS FOR LIABILITIES

114

-

NET ASSETS

41,868

34,619

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

41,858

34,609

SHAREHOLDERS' FUNDS

41,868

34,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2023 and were signed by:

Mr R J F Cowie - Director

1.	STATUTORY INFORMATION

RC Fishing Ltd. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

599

At 30 April 2023

599

NET BOOK VALUE

At 30 April 2023

599

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

4,300

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

332

313

Tax

16,521

11,016

Social security and other taxes

530

483

Directors' current accounts

358

255

Accrued expenses

1,063

1,033

18,804

13,100

7.	RELATED PARTY DISCLOSURES

The Director operates a current account with the company and as at 30 April 2023 the balance owing to the director was £350 (2022: balance owed to the directors: £255). There are no fixed terms of repayment and no interest is accrued.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J F Cowie.