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REGISTERED NUMBER: 08611202 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

FAT FISH DIGITAL LIMITED

FAT FISH DIGITAL LIMITED (REGISTERED NUMBER: 08611202)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAT FISH DIGITAL LIMITED

Company Information
for the year ended 31 July 2023







DIRECTORS: D J Caswell
D M Lane





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 08611202 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

FAT FISH DIGITAL LIMITED (REGISTERED NUMBER: 08611202)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,515 2,228
Investments 5 28,369 15,629
31,884 17,857

CURRENT ASSETS
Debtors 6 57,930 99,137
Cash at bank 89 -
58,019 99,137
CREDITORS
Amounts falling due within one year 7 (167,501 ) (135,803 )
NET CURRENT LIABILITIES (109,482 ) (36,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(77,598

)

(18,809

)

CREDITORS
Amounts falling due after more than one
year

8

(22,043

)

(31,062

)
NET LIABILITIES (99,641 ) (49,871 )

CAPITAL AND RESERVES
Called up share capital 9 128,374 165,802
Share premium 64,492 64,492
Retained earnings (292,507 ) (280,165 )
SHAREHOLDERS' FUNDS (99,641 ) (49,871 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FAT FISH DIGITAL LIMITED (REGISTERED NUMBER: 08611202)

Balance Sheet - continued
31 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





D M Lane - Director


FAT FISH DIGITAL LIMITED (REGISTERED NUMBER: 08611202)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Fat Fish Digital 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts.
Revenue from the sale of computer facility management services is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
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 entity after deducting all of its financial liabilities.

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

FAT FISH DIGITAL LIMITED (REGISTERED NUMBER: 08611202)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 5,170
Additions 3,781
At 31 July 2023 8,951
DEPRECIATION
At 1 August 2022 2,942
Charge for year 2,494
At 31 July 2023 5,436
NET BOOK VALUE
At 31 July 2023 3,515
At 31 July 2022 2,228

5. FIXED ASSET INVESTMENTS

Convertible loan note

During the previous year the company invested in a convertible loan note in Animor Group Limited for £15,000.

The convertible loan will be satisfied in 2026.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,864 53,405
Other debtors 53,066 45,732
57,930 99,137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,781 10,300
Trade creditors 3,426 1,872
Taxation and social security 82,615 104,325
Other creditors 65,679 19,306
167,501 135,803

FAT FISH DIGITAL LIMITED (REGISTERED NUMBER: 08611202)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,043 31,062

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
128,374 ORDINARY £1 128,374 165,802

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
D M Lane
Balance outstanding at start of year 25,078 7,225
Amounts advanced 20,335 17,853
Amounts repaid (13,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,413 25,078

The above loan has interest charged at 2% and 2.25% per annum in line with the HMRC advisory rate, and is repayable on demand.