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REGISTERED NUMBER: 12091989 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JULY 2023

FOR

SIMS TROPICAL FISH LIMITED

SIMS TROPICAL FISH LIMITED (REGISTERED NUMBER: 12091989)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMS TROPICAL FISH LIMITED

COMPANY INFORMATION
for the Year Ended 30 JULY 2023







DIRECTOR: M Sims





REGISTERED OFFICE: 1 Beechcroft
Haywards Heath
West Sussex
RH16 4FU





REGISTERED NUMBER: 12091989 (England and Wales)





ACCOUNTANTS: Blue Swift Accountants Limited
37 Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP

SIMS TROPICAL FISH LIMITED (REGISTERED NUMBER: 12091989)

BALANCE SHEET
30 JULY 2023

30.7.23 30.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,255 17,091

CURRENT ASSETS
Stocks 30,000 20,000
Debtors 5 4,849 14,444
Cash at bank 3,234 2,004
38,083 36,448
CREDITORS
Amounts falling due within one year 6 188,080 131,086
NET CURRENT LIABILITIES (149,997 ) (94,638 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(136,742

)

(77,547

)

CREDITORS
Amounts falling due after more than one year 7 3,529 7,690
NET LIABILITIES (140,271 ) (85,237 )

CAPITAL AND RESERVES
Called up share capital 40,100 100
Retained earnings (180,371 ) (85,337 )
(140,271 ) (85,237 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2023 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.

SIMS TROPICAL FISH LIMITED (REGISTERED NUMBER: 12091989)

BALANCE SHEET - continued
30 JULY 2023


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 12 April 2024 and were signed by:





M Sims - Director


SIMS TROPICAL FISH LIMITED (REGISTERED NUMBER: 12091989)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JULY 2023

1. STATUTORY INFORMATION

Sims Tropical Fish 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

SIMS TROPICAL FISH LIMITED (REGISTERED NUMBER: 12091989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 July 2022 32,930
Additions 437
At 30 July 2023 33,367
DEPRECIATION
At 31 July 2022 15,839
Charge for year 4,273
At 30 July 2023 20,112
NET BOOK VALUE
At 30 July 2023 13,255
At 30 July 2022 17,091

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Other debtors 4,849 14,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Bank loans and overdrafts 1,858 1,848
Finance leases 2,301 3,452
Taxation and social security 10,534 24,094
Other creditors 173,387 101,692
188,080 131,086

Included in other creditors is a £69,993 (2022: £84,993.07) loan from M Investors Ltd (shareholder).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.23 30.7.22
£    £   
Bank loans 3,529 5,388
Finance leases - 2,302
3,529 7,690

SIMS TROPICAL FISH LIMITED (REGISTERED NUMBER: 12091989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JULY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 July 2023 and 30 July 2022:

30.7.23 30.7.22
£    £   
R B Silberbauer
Balance outstanding at start of year 9,058 9,058
Amounts repaid - -
Amounts written off (9,058 ) -
Amounts waived - -
Balance outstanding at end of year - 9,058

M Sims
Balance outstanding at start of year - 20,232
Amounts repaid - (20,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. GOING CONCERN AND FINANCIAL SUPPORT

The company's ability to continue as a going concern is dependent upon the continued support of the company's directors, bankers and other lenders. The director has no reason to believe that sufficient support will not be provided to allow the company to continue trading for the foreseeable future. Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustment that would result from the withdrawal of this support.