Great British Prawns Limited - Accounts to registrar (filleted) - small 18.2

GREAT BRITISH PRAWNS LIMITED - Company Information

IRIS Accounts Production v18.2.0.360 FishfromGB Limited SC514743 Board of Directors 1.12.16 30.11.17 30.11.17 false true false false true false Ordinary 0.10000 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5147432016-11-30SC5147432017-11-30SC5147432016-12-012017-11-30SC5147432015-09-02SC5147432015-09-032016-11-30SC5147432016-11-30SC51474312016-12-012017-11-30SC514743ns15:Scotland2016-12-012017-11-30SC514743ns14:PoundSterling2016-12-012017-11-30SC514743ns10:Director12016-12-012017-11-30SC514743ns10:PrivateLimitedCompanyLtd2016-12-012017-11-30SC514743ns10:SmallEntities2016-12-012017-11-30SC514743ns10:AuditExempt-NoAccountantsReport2016-12-012017-11-30SC514743ns10:SmallCompaniesRegimeForDirectorsReport2016-12-012017-11-30SC514743ns10:SmallCompaniesRegimeForAccounts2016-12-012017-11-30SC514743ns10:AbridgedAccounts2016-12-012017-11-30SC514743ns10:OrdinaryShareClass12016-12-012017-11-30SC514743ns10:OrdinaryShareClass1112016-12-012017-11-30SC514743ns10:Director22016-12-012017-11-30SC514743ns10:Director52016-12-012017-11-30SC514743ns10:Director62016-12-012017-11-30SC514743ns10:CompanySecretary12016-12-012017-11-30SC514743ns10:RegisteredOffice2016-12-012017-11-30SC514743ns5:CurrentFinancialInstruments2017-11-30SC514743ns5:CurrentFinancialInstruments2016-11-30SC514743ns5:Non-currentFinancialInstruments2017-11-30SC514743ns5:Non-currentFinancialInstruments2016-11-30SC514743ns5:ShareCapital2017-11-30SC514743ns5:ShareCapital2016-11-30SC514743ns5:SharePremium2017-11-30SC514743ns5:SharePremium2016-11-30SC514743ns5:RetainedEarningsAccumulatedLosses2017-11-30SC514743ns5:RetainedEarningsAccumulatedLosses2016-11-30SC514743ns5:LeaseholdImprovements2016-12-012017-11-30SC514743ns5:PlantMachinery2016-12-012017-11-30SC514743ns5:MotorVehicles2016-12-012017-11-30SC514743ns5:ComputerEquipment2016-12-012017-11-30SC514743ns5:Secured2017-11-30SC514743ns5:Secured2016-11-30SC514743ns10:OrdinaryShareClass12017-11-30SC514743ns5:RetainedEarningsAccumulatedLosses2016-11-30SC514743ns5:SharePremium2016-11-30SC514743ns5:RetainedEarningsAccumulatedLosses2016-12-012017-11-30SC514743ns10:Director42016-12-012017-11-30SC5147434ns10:Director42016-11-30SC5147434ns10:Director42015-09-02SC5147434ns10:Director42016-12-012017-11-30SC5147434ns10:Director42015-09-032016-11-30SC5147434ns10:Director42017-11-30SC5147434ns10:Director42016-11-30

REGISTERED NUMBER: SC514743 (Scotland)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

GREAT BRITISH PRAWNS LIMITED

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

D A J Allen

B J Floyd

J S McEuen

J D Amery

SECRETARY:

Maclay Murray & Spens Llp

REGISTERED OFFICE:

Quartermile One

15 Lauriston Place

Edinburgh

EH3 9EP

REGISTERED NUMBER:

SC514743 (Scotland)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

39,614

44,832

CURRENT ASSETS

Debtors

17,362

39,554

Cash at bank

142,232

187,484

159,594

227,038

CREDITORS

Amounts falling due within one year

23,273

15,722

NET CURRENT ASSETS

136,321

211,316

TOTAL ASSETS LESS CURRENT LIABILITIES

175,935

256,148

CREDITORS

Amounts falling due after more than one
year

154,770

158,255

NET ASSETS

21,165

97,893

CAPITAL AND RESERVES

Called up share capital

128

100

Share premium

399,932

249,960

Retained earnings

(378,895

)

(152,167

)

SHAREHOLDERS' FUNDS

21,165

97,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue by the Board of Directors on 17 June 2018 and were
signed on its behalf by:

D A J Allen - Director

1.	STATUTORY INFORMATION

Great British Prawns 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which

is the functional currency of the company.

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 December 2015. At the date of

transition no restatements were required.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

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.

Improvements to property

10% on cost

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% 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.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past

event that will probably result in the transfer of funds to a third party and the amount due to settle the

obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their

settlement amount after allowing for any trade discount due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 December 2016

58,199

Additions

7,472

At 30 November 2017

65,671

DEPRECIATION

At 1 December 2016

13,367

Charge for year

12,690

At 30 November 2017

26,057

NET BOOK VALUE

At 30 November 2017

39,614

At 30 November 2016

44,832

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

Hire purchase contracts

7,866

11,351

Other creditors

150,000

157,866

161,351

The hire purchase obligation is secured over the asset financed.

The company's obligations in respect of the loan notes is secured by a fixed and floating charge.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

1,277

Ordinary

0.10

128

100

277 Ordinary shares of 0.10 each were allotted as fully paid at a premium of £541.415 per share during the

year.

RESERVES

Retained

earnings

premium

Totals

At 1 December 2016

(152,167

)

249,960

97,793

Deficit for the year

(226,728

)

(226,728

)

Cash share issue

149,972

At 30 November 2017

(378,895

)

399,932

21,037

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2017 and the

period ended 30 November 2016:

2017

2016

A Robertson

Balance outstanding at start of year

266

Amounts advanced

4,993

Amounts repaid

(4,727

)

Amounts written off

(266

)

Amounts waived

Balance outstanding at end of year

266