REGISTERED NUMBER: SC280947 (Scotland)

A & K FISHING COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Alex Murdo Murray

SECRETARY:

Mrs Karen Murray

REGISTERED OFFICE:

49-50 Bayhead

Stornoway

Western Isles

HS1 2DZ

REGISTERED NUMBER:

SC280947 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy

Trinity House

31 Lynedoch Street

Glasgow

G3 6EF

FIXED ASSETS

Intangible assets

2

181,800

181,800

Tangible assets

3

40,000

40,000

221,800

221,800

CURRENT ASSETS

Debtors

2,367

434

CREDITORS

Amounts falling due within one year

80,230

87,577

NET CURRENT LIABILITIES

(77,863

)

(87,143

)

TOTAL ASSETS LESS CURRENT LIABILITIES

143,937

134,657

CREDITORS

Amounts falling due after more than one year

4

58,452

62,384

NET ASSETS

85,485

72,273

CAPITAL AND RESERVES

Called up share capital

5

2

2

Revaluation reserve

90,000

90,000

Profit and loss account

(4,517

)

(17,729

)

SHAREHOLDERS' FUNDS

85,485

72,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 November 2014 and were signed by:

Alex Murdo Murray - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

The accounts have been prepared on the going concern basis, as the director has indicated his intention to ensure

that sufficient funds are made available to ensure that the company can continue to trade.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Boat

-

not provided

2.	INTANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

and 31 March 2014

181,800

NET BOOK VALUE

At 31 March 2014

181,800

At 31 March 2013

181,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

40,000

NET BOOK VALUE

At 31 March 2014

40,000

At 31 March 2013

40,000

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable by instalments

32,279

36,211

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2