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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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UNITY FISHING COMPANY LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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UNITY FISHING COMPANY LIMITED |
UNITY FISHING COMPANY LIMITED (REGISTERED NUMBER: SC157635) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
UNITY FISHING COMPANY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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UNITY FISHING COMPANY LIMITED (REGISTERED NUMBER: SC157635) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
UNITY FISHING COMPANY LIMITED (REGISTERED NUMBER: SC157635) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
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The financial statements were approved by the Board of Directors on
by: |
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UNITY FISHING COMPANY LIMITED (REGISTERED NUMBER: SC157635) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Intangible fixed assets and amortisation |
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the |
identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life. |
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Intangible assets comprise the fishing licence purchased with the vessel and purchased fishing quotas which are |
initially recorded at cost. Licences and quotas are amortised to the Profit and loss account over fifteen years. |
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Tangible fixed assets |
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Freehold property | - |
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Vessel | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Gear | - |
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Deferred tax |
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 which is result in an obligation to pay more or (less tax) 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 is not provided on timing differences arising from the revaluation of fixed assets where there |
is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Government grants |
Government grants relating to tangible fixed assets are treated as deferred income and released to the Profit and |
loss account over the expected useful lives of the assets concerned. Other grants are credited to the Profit and |
loss account as the related expenditure is incurred. |
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Investments |
Investments held as fixed assets are shown at cost less provision for impairment. |
UNITY FISHING COMPANY LIMITED (REGISTERED NUMBER: SC157635) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Amortisation for year |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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4. | FIXED ASSET INVESTMENTS |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Associated companies |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 10.00 |
UNITY FISHING COMPANY LIMITED (REGISTERED NUMBER: SC157635) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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Class of shares: | holding |
Ordinary | 0.33 |
Loans |
£ |
At 1 January 2015 | 520,225 |
Disposals | (47,000 | ) |
At 31 December 2015 | 473,225 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable by instalments | 840,000 | 1,120,000 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2015 and |
31 December 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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