Tiny Fish Company Ltd - Period Ending 2016-03-31

Registration number: 08959521

Tiny Fish Company Ltd

Unaudited Abbreviated Accounts
 
for the Year Ended 31 March 2016

Elver Consultancy Limited
1st Floor Offices
7 Gerard Street
Ashton-in-Makerfield
Wigan
WN4 9AG

Tiny Fish Company Ltd

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Tiny Fish Company Ltd

(Registration number: 08959521)
Abbreviated Balance Sheet as at 31 March 2016

	Note	31 March 2016  £	31 March 2015  £
Fixed assets
Intangible assets	2	3,931	5,035
Tangible assets	2	1,280	1,832
		5,211	6,867
Current assets
Stocks		11,770	14,847
Debtors		(1,132)	2,225
Cash at bank and in hand		1,623	4,055
		12,261	21,127
Creditors: Amounts falling due within one year		(71,221)	(62,174)
Net current liabilities		(58,960)	(41,047)
Net liabilities		(53,749)	(34,180)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(53,750)	(34,181)
Shareholders deficit		(53,749)	(34,180)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 August 2016 and signed on its behalf by:

.........................................
Christopher Carman
Company secretary and director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Tiny Fish Company Ltd

Notes to the Abbreviated Accounts

1

Accounting policies

Going concern

The financial statements have been prepared on a going concern basis of accounting, on the assumption that the directors will continue to provide financial support to enable the company to meet its current liabilities, which exceeded its current assets at 31st March 2015.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Development costs	20% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line
Plant & machinery	25% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 2

Tiny Fish Company Ltd

Notes to the Abbreviated Accounts

2

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	5,495	2,190	7,685
At 31 March 2016	5,495	2,190	7,685
Depreciation
At 1 April 2015	460	358	818
Charge for the year	1,104	552	1,656
At 31 March 2016	1,564	910	2,474
Net book value
At 31 March 2016	3,931	1,280	5,211
At 31 March 2015	5,035	1,832	6,867

3

Share capital

Allotted, called up and fully paid shares

	31 March 2016		31 March 2015
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

4

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 3