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Registration number: 04875657

A Partnership Called Fish Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

A Partnership Called Fish Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

A Partnership Called Fish Limited

Company Information

Director

Mr R Medcalf

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A Partnership Called Fish Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A Partnership Called Fish Limited for the year ended 31 March 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of A Partnership Called Fish Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A Partnership Called Fish Limited and state those matters that we have agreed to state to the Board of Directors of A Partnership Called Fish Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Partnership Called Fish Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A Partnership Called Fish Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A Partnership Called Fish Limited. You consider that A Partnership Called Fish Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A Partnership Called Fish Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

15 October 2023

 

A Partnership Called Fish Limited

(Registration number: 04875657)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

8,500

12,750

Tangible assets

5

26,190

27,972

 

34,690

40,722

Current assets

 

Stocks

6

8,053

9,638

Debtors

7

12,173

23,491

Cash at bank and in hand

 

236

125

 

20,462

33,254

Creditors: Amounts falling due within one year

8

(33,978)

(33,797)

Net current liabilities

 

(13,516)

(543)

Total assets less current liabilities

 

21,174

40,179

Creditors: Amounts falling due after more than one year

8

(29,873)

(33,707)

Provisions for liabilities

(4,976)

(5,061)

Net (liabilities)/assets

 

(13,675)

1,411

Capital and reserves

 

Called up share capital

90

90

Retained earnings

(13,765)

1,321

Shareholders' (deficit)/funds

 

(13,675)

1,411

 

A Partnership Called Fish Limited

(Registration number: 04875657)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 15 October 2023
 

.........................................

Mr R Medcalf

Director

 

A Partnership Called Fish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
49 Fore Street
Ivybridge
Devon
PL21 9AE

2

Accounting policies

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The accounts have been prepared on a going concern basis, as the director will provide support, when necessary to the company. The director has also reviewed the position for twelve months, from the date the accounts were approved and in his opinion, the company will reduce the net current liabilities and show positive results for the next financial period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% reducing balance

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

 

A Partnership Called Fish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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

Goodwill

Straight line 5%

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 5).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

85,000

85,000

At 31 March 2023

85,000

85,000

Amortisation

At 1 April 2022

72,250

72,250

Amortisation charge

4,250

4,250

At 31 March 2023

76,500

76,500

Carrying amount

At 31 March 2023

8,500

8,500

At 31 March 2022

12,750

12,750

 

A Partnership Called Fish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Tangible assets

Plant and equipment
£

Total
£

Cost or valuation

At 1 April 2022

92,043

92,043

Additions

2,558

2,558

At 31 March 2023

94,601

94,601

Depreciation

At 1 April 2022

64,071

64,071

Charge for the year

4,340

4,340

At 31 March 2023

68,411

68,411

Carrying amount

At 31 March 2023

26,190

26,190

At 31 March 2022

27,972

27,972

6

Stocks

2023
£

2022
£

Stock

8,053

9,638

7

Debtors

2023
£

2022
£

Prepayments

5,580

7,848

Other debtors

6,593

15,643

12,173

23,491

 

A Partnership Called Fish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Bank loans and overdrafts

10,251

7,749

Trade creditors

13,505

14,054

Taxation and social security

3,292

1,342

Accruals and deferred income

2,042

2,100

Other creditors

4,888

8,552

33,978

33,797

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

29,873

33,707

9

Dividends

During the year dividends were paid by the company that in retrospect exceeded the reserves available at the time. However this dividend is not illegal as the company had reason to believe that the necessary reserves were available for distribution at the time of payment. The overdrawn reserves will be rectified by the company making much reduced dividend payments in the forthcoming financial year.

10

Related party transactions

During the year a total of £9,394 was advanced to the director by the company. Repayments of £18,815 were made during the year and at the year end the amount owed to the company was £1,559. Interest was charged on a monthly basis at the HMRC standard rate and interest charged during the year. The loan is repayable on demand.