Fishlife Pond Services Limited
Fishlife Pond Services Limited
Registered number: 12934057
Unaudited Financial Statements
For the Period
7 October 2020
to
31 October 2021
ChadSan Limited
Castle House
Castle Street
Guildford
Surrey
GU1 3UW
Fishlife Pond Services Limited
Unaudited Financial Statements
For the Period
7 October 2020
to
31 October 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Fishlife Pond Services Limited
Balance Sheet
As at
31 October 2021
Balance Sheet
Registered number:
12934057
For the period ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 31 October 2021 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 40,888 | ||
Fishlife Pond Services Limited
Balance Sheet (continued)
As at
31 October 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Fishlife Pond Services Limited
Notes to the Financial Statements
For the Period
7 October 2020
to
31 October 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Computer Equipment |
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1.4.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.5.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Fishlife Pond Services Limited
Notes to the Financial Statements (continued)
For the Period
7 October 2020
to
31 October 2021
1.6.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
1.7.
Coronavirus Government Support
During the year, the following amounts were received and recognised as grant income:
- £350 given on the purchases of electric vehicle charging points, known as the OLEV Grant, recognised under the accrual model.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
4.
Tangible Assets
| Plant & Machinery | Computer Equipment | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at
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| Additions |
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| Disposals |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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Fishlife Pond Services Limited
Notes to the Financial Statements (continued)
For the Period
7 October 2020
to
31 October 2021
5.
Debtors
| 31 October 2021 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
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| Other debtors | 12,154 |
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6.
Creditors: Amounts Falling Due Within One Year
| 31 October 2021 | |
|---|---|
| £ | |
| Trade creditors |
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| Taxation and social security | 13,689 |
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8.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Richard Fulford |
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( |
- |
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The above loan is unsecured, interest free and repayable on demand.
9.
Ultimate Controlling Party
The company's ultimate controlling party is
Richard Fulford
by virtue of his ownership of 100% of the issued share capital in the company.
10.
General Information
Fishlife Pond Services Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12934057
. The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.