Silverfin false 31/05/2023 01/06/2022 31/05/2023 Mr A W Galloway 16/02/2015 Mrs C Galloway 24/09/2018 23 February 2024 no description of principal activity 09440527 2023-05-31 09440527 bus:Director1 2023-05-31 09440527 bus:Director2 2023-05-31 09440527 2022-05-31 09440527 core:CurrentFinancialInstruments 2023-05-31 09440527 core:CurrentFinancialInstruments 2022-05-31 09440527 core:ShareCapital 2023-05-31 09440527 core:ShareCapital 2022-05-31 09440527 core:RetainedEarningsAccumulatedLosses 2023-05-31 09440527 core:RetainedEarningsAccumulatedLosses 2022-05-31 09440527 core:LandBuildings 2022-05-31 09440527 core:OtherPropertyPlantEquipment 2022-05-31 09440527 core:LandBuildings 2023-05-31 09440527 core:OtherPropertyPlantEquipment 2023-05-31 09440527 2022-06-01 2023-05-31 09440527 bus:FullAccounts 2022-06-01 2023-05-31 09440527 bus:SmallEntities 2022-06-01 2023-05-31 09440527 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09440527 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09440527 bus:Director1 2022-06-01 2023-05-31 09440527 bus:Director2 2022-06-01 2023-05-31 09440527 core:LandBuildings 2022-06-01 2023-05-31 09440527 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 09440527 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Company No: 09440527 (England and Wales)

THE CLEANER FISH COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

THE CLEANER FISH COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

THE CLEANER FISH COMPANY LIMITED

BALANCE SHEET

As at 31 May 2023
THE CLEANER FISH COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 78,078 49,838
Investments 4 32,282 30,150
110,360 79,988
Current assets
Debtors 5 331,591 220,845
Cash at bank and in hand 6 101,449 95,056
433,040 315,901
Creditors: amounts falling due within one year 7 ( 74,822) ( 60,558)
Net current assets 358,218 255,343
Total assets less current liabilities 468,578 335,331
Provision for liabilities ( 8,040) ( 1,171)
Net assets 460,538 334,160
Capital and reserves
Called-up share capital 100 100
Profit and loss account 460,438 334,060
Total shareholders' funds 460,538 334,160

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

Directors' responsibilities:

The financial statements of The Cleaner Fish Company Limited (registered number: 09440527) were approved and authorised for issue by the Director. They were signed on its behalf by:

Mr A W Galloway
Director

23 February 2024

THE CLEANER FISH COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
THE CLEANER FISH COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Cleaner Fish Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wadebridge House 16 Wadebridge Square, Poundbury, Dorchester, DT1 3AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 25 % reducing balance
Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 June 2022 56,068 21,550 77,618
Additions 0 42,312 42,312
At 31 May 2023 56,068 63,862 119,930
Accumulated depreciation
At 01 June 2022 12,397 15,383 27,780
Charge for the financial year 10,917 3,155 14,072
At 31 May 2023 23,314 18,538 41,852
Net book value
At 31 May 2023 32,754 45,324 78,078
At 31 May 2022 43,671 6,167 49,838

4. Fixed asset investments

2023 2022
£ £
Other investments and loans 32,282 30,150

5. Debtors

2023 2022
£ £
Trade debtors 0 18,234
Other debtors 331,591 202,611
331,591 220,845

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 101,449 95,056

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 141 0
Taxation and social security 70,459 59,473
Other creditors 4,222 1,085
74,822 60,558

8. Related party transactions

Transactions with the entity's directors

Advances

An advance for director's loan was made to the directors on 31 May 2023 for £313,577 (at interest rate of 2.00%), the conditions are that the loan is repayable on demand. £188,000 has been repaid, £0 has been written off, and £0 has been waived. The amount owing at the balance sheet date was £325,239 (2022: £199,662)