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Company Registration No. 05343867 (England and Wales)
Blue Fish Global Limited Unaudited accounts for the year ended 31 January 2024
Blue Fish Global Limited Unaudited accounts Contents
Page
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Blue Fish Global Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
50,000 
50,000 
Tangible assets
122,351 
128,435 
172,351 
178,435 
Current assets
Inventories
34,840 
37,453 
Debtors
79,100 
79,100 
Cash at bank and in hand
83,300 
78,360 
197,240 
194,913 
Creditors: amounts falling due within one year
(190,699)
(193,079)
Net current assets
6,541 
1,834 
Total assets less current liabilities
178,892 
180,269 
Provisions for liabilities
Deferred tax
(4,825)
(4,696)
Net assets
174,067 
175,573 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
174,065 
175,571 
Shareholders' funds
174,067 
175,573 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Ganesh Krishna Director Company Registration No. 05343867
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Blue Fish Global Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Blue Fish Global Limited is a private company, limited by shares, registered in England and Wales, registration number 05343867. The registered office is Basement, Arlington Building, Bowquarter, Fairfield Road, London, E3 2UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Blue Fish Global Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
50,000 
At 31 January 2024
50,000 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
50,000 
At 31 January 2023
50,000 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
100,000 
133,496 
233,496 
Additions
- 
949 
949 
At 31 January 2024
100,000 
134,445 
234,445 
Depreciation
At 1 February 2023
- 
105,061 
105,061 
Charge for the year
- 
7,033 
7,033 
At 31 January 2024
- 
112,094 
112,094 
Net book value
At 31 January 2024
100,000 
22,351 
122,351 
At 31 January 2023
100,000 
28,435 
128,435 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
79,100 
79,100 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,737 
9,471 
Trade creditors
52,302 
37,288 
Taxes and social security
24,554 
51,981 
Other creditors
11,274 
9,003 
Loans from directors
89,482 
83,986 
Accruals
1,350 
1,350 
190,699 
193,079 
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Blue Fish Global Limited Notes to the Accounts for the year ended 31 January 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 12 (2023: 20).
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