Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mr A Mammeri 25/02/2014 13 November 2024 The principal activity of the company during the financial year was that of retail of fishing equipment. 08909581 2024-02-29 08909581 bus:Director1 2024-02-29 08909581 2023-02-28 08909581 core:CurrentFinancialInstruments 2024-02-29 08909581 core:CurrentFinancialInstruments 2023-02-28 08909581 core:ShareCapital 2024-02-29 08909581 core:ShareCapital 2023-02-28 08909581 core:RetainedEarningsAccumulatedLosses 2024-02-29 08909581 core:RetainedEarningsAccumulatedLosses 2023-02-28 08909581 core:ComputerSoftware 2023-02-28 08909581 core:ComputerSoftware 2024-02-29 08909581 core:FurnitureFittings 2023-02-28 08909581 core:ComputerEquipment 2023-02-28 08909581 core:FurnitureFittings 2024-02-29 08909581 core:ComputerEquipment 2024-02-29 08909581 bus:OrdinaryShareClass1 2024-02-29 08909581 2023-03-01 2024-02-29 08909581 bus:FilletedAccounts 2023-03-01 2024-02-29 08909581 bus:SmallEntities 2023-03-01 2024-02-29 08909581 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08909581 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08909581 bus:Director1 2023-03-01 2024-02-29 08909581 core:ComputerSoftware core:TopRangeValue 2023-03-01 2024-02-29 08909581 core:FurnitureFittings core:TopRangeValue 2023-03-01 2024-02-29 08909581 core:ComputerEquipment core:TopRangeValue 2023-03-01 2024-02-29 08909581 2022-03-01 2023-02-28 08909581 core:ComputerSoftware 2023-03-01 2024-02-29 08909581 core:FurnitureFittings 2023-03-01 2024-02-29 08909581 core:ComputerEquipment 2023-03-01 2024-02-29 08909581 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08909581 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08909581 (England and Wales)

FISHINX LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

FISHINX LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

FISHINX LIMITED

BALANCE SHEET

As at 29 February 2024
FISHINX LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 366 1,414
Tangible assets 4 674 1,490
1,040 2,904
Current assets
Stocks 75,835 115,961
Debtors 5 3,254 6,516
Cash at bank and in hand 37,864 12,952
116,953 135,429
Creditors: amounts falling due within one year 6 ( 86,266) ( 87,276)
Net current assets 30,687 48,153
Total assets less current liabilities 31,727 51,057
Net assets 31,727 51,057
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 31,627 50,957
Total shareholders' funds 31,727 51,057

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.

Director's responsibilities:

The financial statements of Fishinx Limited (registered number: 08909581) were approved and authorised for issue by the Director on 13 November 2024. They were signed on its behalf by:

Mr A Mammeri
Director
FISHINX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
FISHINX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fishinx Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. 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 stocks 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Intangible assets

Computer software Total
£ £
Cost
At 01 March 2023 5,236 5,236
At 29 February 2024 5,236 5,236
Accumulated amortisation
At 01 March 2023 3,822 3,822
Charge for the financial year 1,048 1,048
At 29 February 2024 4,870 4,870
Net book value
At 29 February 2024 366 366
At 28 February 2023 1,414 1,414

4. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 March 2023 1,263 3,318 4,581
At 29 February 2024 1,263 3,318 4,581
Accumulated depreciation
At 01 March 2023 767 2,324 3,091
Charge for the financial year 248 568 816
At 29 February 2024 1,015 2,892 3,907
Net book value
At 29 February 2024 248 426 674
At 28 February 2023 496 994 1,490

5. Debtors

2024 2023
£ £
Trade debtors 0 4,752
Other debtors 3,254 1,764
3,254 6,516

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 25,855 24,206
Other taxation and social security 1,147 2,621
Other creditors 59,264 60,449
86,266 87,276

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100