Fish @ 85 Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08569768 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 14 JUNE 2013 TO 31 DECEMBER 2013

FOR

FISH @ 85 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G J Coleman

A J Stockwell

REGISTERED OFFICE:

85 Pontcanna Street

Pontcanna

Cardiff

South Glamorgan

CF11 9HS

REGISTERED NUMBER:

08569768 (England and Wales)

ACCOUNTANTS:

Lewis Ballard Limited

Celtic House

Caxton Place

Pentwyn

Cardiff

South Glamorgan

CF23 8HA

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

23,358

23,359

CURRENT ASSETS

Stocks

5,149

Debtors

78,541

Cash in hand

3,569

87,259

CREDITORS

Amounts falling due within one year

(108,371

)

NET CURRENT LIABILITIES

(21,112

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,247

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

1,247

SHAREHOLDERS' FUNDS

2,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 September 2014 and were signed on its behalf by:

A J Stockwell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Positive goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life :

Plant & Equipment - 25% on reducing balance basis

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed

and variable overheads.

Hire purchase and leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases and hire purchase agreements are capitalised and disclosed under tangible fixed

assets at their fair value. The capital element of the future payments is treated as a liability, and the interest

element is charged to the profit and loss account over the period of the lease at a constant proportion of the

outstanding balance of capital repayments.

Going concern

At the balance sheet date, the company's current liabilities exceeded its current assets. The majority of the current

liabilities relates to the factoring account. The company has received assurance from the directors that they will

continue to give financial statements if necessary. On this basis, the directors consider it appropriate to prepare

the accounts on a going concern basis.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1

At 31 December 2013

1

NET BOOK VALUE

At 31 December 2013

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

24,915

At 31 December 2013

24,915

DEPRECIATION

Charge for period

1,557

At 31 December 2013

1,557

NET BOOK VALUE

At 31 December 2013

23,358

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary shares

£1

1,000