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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
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Marelann Fishing Ltd |
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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
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for |
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Marelann Fishing Ltd |
Marelann Fishing Ltd (Registered number: SC460885) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
Marelann Fishing Ltd |
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Company Information |
for the Year Ended 31 March 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Marelann Fishing Ltd (Registered number: SC460885) |
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Abbreviated Balance Sheet |
31 March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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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 | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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Marelann Fishing Ltd (Registered number: SC460885) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 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 April 2008). |
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Turnover |
Turnover is stated net of VAT and is derived from fish sales. Turnover from the sale of fish is recognised when |
the goods are physically delivered to the buyer. |
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Intangible assets |
The boat licence is amortised over 20 years. This is believed to be an accurate reflection of its estimated useful |
life. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating lease are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
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AMORTISATION |
At 1 April 2014 |
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Amortisation for year |
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At 31 March 2015 |
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NET BOOK VALUE |
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At 31 March 2015 |
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At 31 March 2014 |
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Marelann Fishing Ltd (Registered number: SC460885) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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4. | 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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31.3.15 | 31.3.14 |
£ | £ |
Repayable by instalments |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
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Ordinary | 1 |
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6. | GOING CONCERN |
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At 31 March 2015, the company had net liabilities of £5,783 (2014 - £18,954) and net current liabilities of |
£55,404 (2014 - £61,294) and is reliant on the continued support of the directors and the bank to continue its |
operations for the forseeable future. At 31 March 2015, £19,278 (2014 - £12,949) was due to the directors and |
they do not intend to withdraw their support in the next twelve months. |
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For these reasons the directors consider it appropriate to prepare these accounts on a going concern basis. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Marelann Fishing Ltd (Registered number: SC460885) |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Marelann Fishing Ltd for the year ended 31 March 2015 which comprise the Profit and Loss |
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the Board of Directors of Marelann Fishing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marelann Fishing Ltd and state those matters that we have agreed to state to the Board of Directors of Marelann Fishing Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Marelann Fishing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Marelann Fishing Ltd. You consider that Marelann Fishing Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Marelann Fishing Ltd. For |
this reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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29 December 2015 |