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 2021

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:

29 Landmann Way

London

SE14 5RL

REGISTERED NUMBER:

05537374 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

285,780

165,687

CURRENT ASSETS

Stocks

136,756

65,300

Debtors

5

1,042,998

730,110

Cash at bank and in hand

245,464

105,757

1,425,218

901,167

CREDITORS

Amounts falling due within one year

6

(1,182,830

)

(707,085

)

NET CURRENT ASSETS

242,388

194,082

TOTAL ASSETS LESS CURRENT LIABILITIES

528,168

359,769

CREDITORS

Amounts falling due after more than one year

7

(308,350

)

(171,843

)

NET ASSETS

219,818

187,926

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

219,816

187,924

SHAREHOLDERS' FUNDS

219,818

187,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 1 June 2022 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 19 (2020 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2021

129,138

11,031

161,423

301,592

Additions

120,809

2,449

101,576

224,834

Disposals

(2,000

)

-

(7,918

)

(9,918

)

At 31 December 2021

247,947

13,480

255,081

516,508

DEPRECIATION

At 1 January 2021

46,518

9,747

79,640

135,905

Charge for year

44,367

1,023

51,017

96,407

Eliminated on disposal

-

-

(1,584

)

(1,584

)

At 31 December 2021

90,885

10,770

129,073

230,728

NET BOOK VALUE

At 31 December 2021

157,062

2,710

126,008

285,780

At 31 December 2020

82,620

1,284

81,783

165,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

942,057

646,277

Other debtors

55,926

50,763

VAT

33,407

21,462

Prepayments

11,608

11,608

1,042,998

730,110

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

42,425

-

Hire purchase contracts

62,711

17,420

Trade creditors

1,062,061

645,140

Social security and other taxes

(278

)

3,354

Pension

333

162

Other creditors

-

24,586

Directors' current accounts

12,728

13,728

Accrued expenses

2,850

2,695

1,182,830

707,085

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

53,119

150,000

Bank loans - 2-5 years

136,609

-

Bank loans more 5 yr by instal

17,847

-

Hire purchase contracts

100,775

21,843

308,350

171,843

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,847

-

8.	FINANCIAL COMMITMENTS

Other than the loans and hire purchase arrangements shown in the balance sheet, 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.