Fab Fish Cottingham Ltd - Accounts to registrar (filleted) - small 18.2

Fab Fish Cottingham Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10864685 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

FAB FISH COTTINGHAM LTD

FAB FISH COTTINGHAM LTD (REGISTERED NUMBER: 10864685)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAB FISH COTTINGHAM LTD

COMPANY INFORMATION
for the Year Ended 31 July 2019







DIRECTORS: M A Downs
Mr G K Kattou





SECRETARY:





REGISTERED OFFICE: 36 The Parkway
Cottingham
Hull
East Yorkshire
HU16 5DN





REGISTERED NUMBER: 10864685 (England and Wales)





ACCOUNTANTS: The Accountancy & Administration Bureau
31 Thornfields
Thorngumbald
East Riding

FAB FISH COTTINGHAM LTD (REGISTERED NUMBER: 10864685)

BALANCE SHEET
31 July 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 22,500
Tangible assets 5 2,500 3,750
22,500 26,250

CURRENT ASSETS
Stocks 1,835 655
Debtors 6 4,200 -
Cash at bank and in hand 1,231 777
7,266 1,432
CREDITORS
Amounts falling due within one year 7 26,534 27,219
NET CURRENT LIABILITIES (19,268 ) (25,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,232

463

PROVISIONS FOR LIABILITIES 475 720
NET ASSETS/(LIABILITIES) 2,757 (257 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,657 (357 )
SHAREHOLDERS' FUNDS 2,757 (257 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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.

FAB FISH COTTINGHAM LTD (REGISTERED NUMBER: 10864685)

BALANCE SHEET - continued
31 July 2019


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 November 2019 and were signed on its behalf
by:





Mr G K Kattou - Director


FAB FISH COTTINGHAM LTD (REGISTERED NUMBER: 10864685)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2019

1. STATUTORY INFORMATION

Fab Fish Cottingham Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

FAB FISH COTTINGHAM LTD (REGISTERED NUMBER: 10864685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2018
and 31 July 2019 25,000
AMORTISATION
At 1 August 2018 2,500
Charge for year 2,500
At 31 July 2019 5,000
NET BOOK VALUE
At 31 July 2019 20,000
At 31 July 2018 22,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2018
and 31 July 2019 5,000
DEPRECIATION
At 1 August 2018 1,250
Charge for year 1,250
At 31 July 2019 2,500
NET BOOK VALUE
At 31 July 2019 2,500
At 31 July 2018 3,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 4,200 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 2,963 1,434
Other creditors 23,571 25,785
26,534 27,219