5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 28,739 285 29,024 28,659 137 28,796 228 80 xbrli:pure xbrli:shares iso4217:GBP 01976807 2022-07-01 2023-06-30 01976807 2023-06-30 01976807 2022-06-30 01976807 2021-07-01 2022-06-30 01976807 2022-06-30 01976807 2021-06-30 01976807 core:FurnitureFittings 2022-07-01 2023-06-30 01976807 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 01976807 bus:Director1 2022-07-01 2023-06-30 01976807 core:FurnitureFittings 2022-06-30 01976807 core:FurnitureFittings 2023-06-30 01976807 core:WithinOneYear 2023-06-30 01976807 core:WithinOneYear 2022-06-30 01976807 core:ShareCapital 2023-06-30 01976807 core:ShareCapital 2022-06-30 01976807 core:RetainedEarningsAccumulatedLosses 2023-06-30 01976807 core:RetainedEarningsAccumulatedLosses 2022-06-30 01976807 core:FurnitureFittings 2022-06-30 01976807 bus:SmallEntities 2022-07-01 2023-06-30 01976807 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 01976807 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 01976807 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01976807 bus:FullAccounts 2022-07-01 2023-06-30 01976807 bus:OrdinaryShareClass1 2023-06-30 01976807 bus:OrdinaryShareClass1 2022-06-30
COMPANY REGISTRATION NUMBER: 01976807
FISHEY BUSINESS (SUSSEX) LIMITED
Filleted Unaudited Financial Statements
For the year ended
30 June 2023
FISHEY BUSINESS (SUSSEX) LIMITED
Financial Statements
Year ended 30 June 2023
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
FISHEY BUSINESS (SUSSEX) LIMITED
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
228
80
Current assets
Stocks
57,456
54,894
Debtors
6
422
417
Cash at bank and in hand
124,331
115,790
---------
---------
182,209
171,101
Creditors: amounts falling due within one year
7
( 100,977)
( 105,993)
---------
---------
Net current assets
81,232
65,108
--------
--------
Total assets less current liabilities
81,460
65,188
Provisions
Taxation including deferred tax
( 271)
368
--------
--------
Net assets
81,189
65,556
--------
--------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
81,089
65,456
--------
--------
Shareholder's funds
81,189
65,556
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FISHEY BUSINESS (SUSSEX) LIMITED
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
J R SEYMOUR
Director
Company registration number: 01976807
FISHEY BUSINESS (SUSSEX) LIMITED
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Maple Grove Business Centre, Lawrence Road, Hounslow, Middlesex, TW4 6DR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
Trade receivable
Trade receivable do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.
Trade payable
Trade payables do not carry any interest and are stated at their original invoice value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 4 ).
5. Tangible assets
Fixtures, fittings and equipment
Total
£
£
Cost
At 1 July 2022
28,739
28,739
Additions
285
285
--------
--------
At 30 June 2023
29,024
29,024
--------
--------
Depreciation
At 1 July 2022
28,659
28,659
Charge for the year
137
137
--------
--------
At 30 June 2023
28,796
28,796
--------
--------
Carrying amount
At 30 June 2023
228
228
--------
--------
At 30 June 2022
80
80
--------
--------
6. Debtors
2023
2022
£
£
Other debtors
422
417
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
15,589
11,174
Amounts owed to group undertakings and undertakings in which the company has a participating interest
59,549
71,121
Social security and other taxes
13,368
13,638
Other creditors
12,471
10,060
---------
---------
100,977
105,993
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----