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REGISTERED NUMBER: 10763135 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wreckfish Limited

Wreckfish Limited (Registered number: 10763135)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wreckfish Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Usher





REGISTERED OFFICE: 28 Birkenhead Road
Hoylake
Wirral
Merseyside
CH47 3BW





REGISTERED NUMBER: 10763135 (England and Wales)





ACCOUNTANTS: Joanne Stanhope Limited
1 Pye Road
Heswall
Wirral
Merseyside
CH60 0DB

Wreckfish Limited (Registered number: 10763135)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,917 96,853

CURRENT ASSETS
Stocks 8,091 9,072
Debtors 5 185,114 214,936
Cash at bank and in hand 103,342 54,121
296,547 278,129
CREDITORS
Amounts falling due within one year 6 221,698 213,096
NET CURRENT ASSETS 74,849 65,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,766

161,886

CREDITORS
Amounts falling due after more than one
year

7

86,838

147,789
NET ASSETS 76,928 14,097

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 76,927 14,096
SHAREHOLDERS' FUNDS 76,928 14,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Wreckfish Limited (Registered number: 10763135)

Balance Sheet - continued
31 March 2024


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 27 June 2024 and were signed by:





G Usher - Director


Wreckfish Limited (Registered number: 10763135)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wreckfish 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.
Plant and machinery etc - 33% on cost, 20% on reducing balance, 20% on cost and in accordance with the property

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 22 ) .

Wreckfish Limited (Registered number: 10763135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 259,906
Additions 6,949
At 31 March 2024 266,855
DEPRECIATION
At 1 April 2023 163,053
Charge for year 14,885
At 31 March 2024 177,938
NET BOOK VALUE
At 31 March 2024 88,917
At 31 March 2023 96,853

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 88 600
Amounts owed by group undertakings 152,432 180,271
Other debtors 32,594 34,065
185,114 214,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 54,661 82,259
Trade creditors 52,983 36,497
Amounts owed to group undertakings 27,056 27,277
Taxation and social security 80,564 65,458
Other creditors 6,434 1,605
221,698 213,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 86,838 147,789