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Registration number: 05259851

Anyfish Anywhere UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Anyfish Anywhere UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Anyfish Anywhere UK Ltd

Company Information

Directors

Mr Julian Shambrook

Mr Ian Scadding

Registered office

16 Berachah Road
Torquay
Devon
TQ1 3AX

Accountants

Neil Wilson Accountancy Limited
Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

Anyfish Anywhere UK Ltd

(Registration number: 05259851)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

22,234

24,434

Tangible assets

5

2,794

5,410

 

25,028

29,844

Current assets

 

Stocks

6

101,058

90,344

Debtors

7

92,324

64,734

Cash at bank and in hand

 

3

3

 

193,385

155,081

Creditors: Amounts falling due within one year

8

(125,748)

(76,812)

Net current assets

 

67,637

78,269

Total assets less current liabilities

 

92,665

108,113

Creditors: Amounts falling due after more than one year

8

(28,032)

(25,784)

Provisions for liabilities

(35,631)

(40,000)

Net assets

 

29,002

42,329

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

28,902

42,229

Shareholders' funds

 

29,002

42,329

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

 

Anyfish Anywhere UK Ltd

(Registration number: 05259851)
Balance Sheet as at 29 February 2024

.........................................
Mr Ian Scadding
Director

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Berachah Road
Torquay
Devon
TQ1 3AX
United Kingdom

These financial statements were authorised for issue by the Board on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line basis

Office equipment

25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

3.3% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2023

65,166

65,166

At 29 February 2024

65,166

65,166

Amortisation

At 1 March 2023

40,732

40,732

Amortisation charge

2,200

2,200

At 29 February 2024

42,932

42,932

Carrying amount

At 29 February 2024

22,234

22,234

At 28 February 2023

24,434

24,434

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

6,744

17,114

23,858

At 29 February 2024

6,744

17,114

23,858

Depreciation

At 1 March 2023

3,126

15,322

18,448

Charge for the year

905

1,711

2,616

At 29 February 2024

4,031

17,033

21,064

Carrying amount

At 29 February 2024

2,713

81

2,794

At 28 February 2023

3,618

1,792

5,410

6

Stocks

2024
£

2023
£

Other inventories

101,058

90,344

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

23,912

28,533

Other debtors

68,412

36,201

 

92,324

64,734

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

11,981

20,013

Trade creditors

 

50,071

2,077

Taxation and social security

 

60,096

49,372

Accruals and deferred income

 

3,600

5,350

 

125,748

76,812

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

28,032

25,784

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

28,032

25,784

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2024
£

2023
£

Current loans and borrowings

Bank borrowings

3,048

13,145

Bank overdrafts

8,183

6,118

Other borrowings

750

750

11,981

20,013

11

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend of £440.00 (2023 - £Nil) per ordinary share

 

44,000

 

-

         

12

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

At 29 February 2024
£

Mr Julian Shambrook

Director loan

976

14,954

15,930

       
     

Mr Ian Scadding

Director loan

20,875

17,257

38,132

       
     

 

2023

At 1 March 2022
£

Advances to director
£

At 28 February 2023
£

Mr Julian Shambrook

Director loan

18,150

(17,174)

976

       
     

Mr Ian Scadding

Director loan

28,708

(7,833)

20,875

       
     

 

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,140

24,645

Dividends paid to directors

 

Anyfish Anywhere UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

   

2024
£

 

2023
£

Mr Julian Shambrook

       

Interim dividend paid

 

22,000

 

-

         

Mr Ian Scadding

       

Interim dividend paid

 

22,000

 

-