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REGISTERED NUMBER: 09533965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

MY FISH COMPANY LIMITED

MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MY FISH COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: G J Apps





REGISTERED OFFICE: 5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ





REGISTERED NUMBER: 09533965 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 125,972 162,788
Tangible assets 5 1,816,841 1,307,847
1,942,813 1,470,635

CURRENT ASSETS
Stocks 410,793 315,732
Debtors 6 1,148,572 1,067,606
Cash at bank and in hand 124,257 697,893
1,683,622 2,081,231
CREDITORS
Amounts falling due within one year 7 2,078,896 2,077,972
NET CURRENT (LIABILITIES)/ASSETS (395,274 ) 3,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,547,539

1,473,894

CREDITORS
Amounts falling due after more than one
year

8

716,695

762,423
NET ASSETS 830,844 711,471

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 359,452 359,452
Retained earnings 471,192 351,819
SHAREHOLDERS' FUNDS 830,844 711,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

BALANCE SHEET - continued
31 December 2022


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 3 October 2023 and were signed by:





G J Apps - Director


MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

My Fish Company 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 as modified by the revaluation of certain assets.

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 and brand costs
Goodwill and brand costs are capitalised and written off over their estimated useful life of 20 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.

Development costs are being amortised evenly over their estimated useful life of five years.

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 - 20% on reducing balance and 10% 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.


MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022


2. ACCOUNTING POLICIES - continued
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.

Development costs
Expenditure on development is written off over a period of 5 years..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2021 - 51 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 99,544 184,281 283,825
AMORTISATION
At 1 January 2022 20,517 100,520 121,037
Charge for year 6,660 30,156 36,816
At 31 December 2022 27,177 130,676 157,853
NET BOOK VALUE
At 31 December 2022 72,367 53,605 125,972
At 31 December 2021 79,027 83,761 162,788

MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2022 1,971,246
Additions 658,025
At 31 December 2022 2,629,271
DEPRECIATION
At 1 January 2022 663,399
Charge for year 149,031
At 31 December 2022 812,430
NET BOOK VALUE
At 31 December 2022 1,816,841
At 31 December 2021 1,307,847

Cost or valuation at 31 December 2022 is represented by:

Plant and
machinery
etc
£   
Valuation in 2018 359,452
Cost 2,269,819
2,629,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 1,065,348 997,938
Other debtors 83,224 69,668
1,148,572 1,067,606

MY FISH COMPANY LIMITED (REGISTERED NUMBER: 09533965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 134,189 161,029
Hire purchase contracts 114,721 88,756
Trade creditors 1,676,547 1,677,098
Taxation and social security 44,731 63,913
Other creditors 108,708 87,176
2,078,896 2,077,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 444,430 551,780
Hire purchase contracts 272,265 210,643
716,695 762,423

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 80,657

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Hire purchase contracts 386,986 299,399
Loans and invoice finance 1,062,074 1,105,785
1,449,060 1,405,184

Loans and invoice finance facilities, included in trade creditors, are secured by fixed and floating charges over the assets of the company. HP liabilities are secured over the assets to which they relate.