Zampa Fish Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05537374 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ZAMPA FISH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Pickering

R Vening

AR Richardson

REGISTERED OFFICE:

Unit 1 Bolina Industrial Estate

Zampa Road

Bermondsey

London

SE16 3LF

REGISTERED NUMBER:

05537374 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

165,687

68,058

CURRENT ASSETS

Stocks

65,300

75,976

Debtors

5

730,110

856,385

Cash at bank and in hand

105,757

49,094

901,167

981,455

CREDITORS

Amounts falling due within one year

6

(707,085

)

(893,524

)

NET CURRENT ASSETS

194,082

87,931

TOTAL ASSETS LESS CURRENT LIABILITIES

359,769

155,989

CREDITORS

Amounts falling due after more than one year

7

(171,843

)

(4,958

)

NET ASSETS

187,926

151,031

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

187,924

151,029

SHAREHOLDERS' FUNDS

187,926

151,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 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 and authorised for issue on 10 June 2021 and were signed on its behalf by:

R Pickering - Director

1.	STATUTORY INFORMATION

Zampa Fish Limited 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.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

We have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. This assessment has been required in light of the significant uncertainty around the short to medium term impact of the spread of the Covid-19 virus.

At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and thus conclude that the going concern basis remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2019 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2020

27,120

11,031

112,121

150,272

Additions

102,018

-

65,552

167,570

Disposals

-

-

(16,250

)

(16,250

)

At 31 December 2020

129,138

11,031

161,423

301,592

DEPRECIATION

At 1 January 2020

25,863

8,995

47,356

82,214

Charge for year

20,655

752

32,284

53,691

At 31 December 2020

46,518

9,747

79,640

135,905

NET BOOK VALUE

At 31 December 2020

82,620

1,284

81,783

165,687

At 31 December 2019

1,257

2,036

64,765

68,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

646,277

790,787

Other debtors

50,763

46,926

Tax

-

11,134

VAT

21,462

7,538

Prepayments

11,608

-

730,110

856,385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

17,420

8,500

Trade creditors

645,140

819,595

Tax

-

125

Social security and other taxes

3,354

2,000

Pension

162

-

Other creditors

24,586

32,586

Directors' current accounts

13,728

25,728

Accrued expenses

2,695

4,990

707,085

893,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans - 1-2 years

150,000

-

Hire purchase contracts

21,843

4,958

171,843

4,958

8.	FINANCIAL COMMITMENTS

The company has a commercial lease with the expiry of April 2022. Rent of £1,603 and service charge of £9,129 per annum is chargeable. Further to this the company has taken out a new six year lease on premises at a rental of £46,175.00 per annum with a rent review on the third anniversary from the date the agreement was signed, being 10th November 2020.