Registered number
09390720
Fish Climb Trees Limited
Unaudited Filleted Accounts
30 June 2023
Fish Climb Trees Limited
Registered number: 09390720
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,475 2,648
Current assets
Stocks 975 975
Debtors 4 - 13,420
Cash at bank and in hand 11,539 4,763
12,514 19,158
Creditors: amounts falling due within one year 5 (10,534) (12,301)
Net current assets 1,980 6,857
Total assets less current liabilities 7,455 9,505
Creditors: amounts falling due after more than one year 6 (4,699) (7,161)
Provisions for liabilities (1,040) (503)
Net assets 1,716 1,841
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,714 1,839
Shareholder's funds 1,716 1,841
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. Loizou
Director
Approved by the board on 18 October 2023
Fish Climb Trees Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3-5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 6,486
Additions 5,821
Disposals (568)
At 30 June 2023 11,739
Depreciation
At 1 July 2022 3,838
Charge for the year 2,994
On disposals (568)
At 30 June 2023 6,264
Net book value
At 30 June 2023 5,475
At 30 June 2022 2,648
4 Debtors 2023 2022
£ £
Trade debtors - 12,420
Other debtors - 1,000
- 13,420
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,460 2,066
Taxation and social security costs 2,078 7,332
Other creditors 5,996 2,903
10,534 12,301
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,699 7,161
7 Controlling party
The company is controlled by the director.
8 Other information
Fish Climb Trees Limited is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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