Fab Fish Cottingham Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10864685 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

FAB FISH COTTINGHAM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

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

FIXED ASSETS

Intangible assets

4

15,000

17,500

Tangible assets

5

1

1,250

15,001

18,750

CURRENT ASSETS

Stocks

2,125

2,060

Debtors

6

759

-

Cash at bank and in hand

9,624

33,552

12,508

35,612

CREDITORS

Amounts falling due within one year

7

10,158

49,195

NET CURRENT ASSETS/(LIABILITIES)

2,350

(13,583

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,351

5,167

CREDITORS

Amounts falling due after more than one year

8

(19,167

)

-

PROVISIONS FOR LIABILITIES

-

(238

)

NET (LIABILITIES)/ASSETS

(1,816

)

4,929

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,916

)

4,829

SHAREHOLDERS' FUNDS

(1,816

)

4,929

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 31 October 2022 and were signed by:

Mr G K Kattou - Director

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 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2020

and 31 July 2021

25,000

AMORTISATION

At 1 August 2020

7,500

Charge for year

2,500

At 31 July 2021

10,000

NET BOOK VALUE

At 31 July 2021

15,000

At 31 July 2020

17,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

and 31 July 2021

5,000

DEPRECIATION

At 1 August 2020

3,750

Charge for year

1,249

At 31 July 2021

4,999

NET BOOK VALUE

At 31 July 2021

1

At 31 July 2020

1,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

759

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

5,000

-

Taxation and social security

2,863

2,863

Other creditors

2,295

46,332

10,158

49,195

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

19,167

-