Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseTravel agency activities1210falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05837074 2023-05-01 2024-04-30 05837074 2022-05-01 2023-04-30 05837074 2024-04-30 05837074 2023-04-30 05837074 1 2023-05-01 2024-04-30 05837074 d:Director1 2023-05-01 2024-04-30 05837074 c:PlantMachinery 2023-05-01 2024-04-30 05837074 c:PlantMachinery 2024-04-30 05837074 c:PlantMachinery 2023-04-30 05837074 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05837074 c:ComputerSoftware 2024-04-30 05837074 c:ComputerSoftware 2023-04-30 05837074 c:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 05837074 c:CurrentFinancialInstruments 2024-04-30 05837074 c:CurrentFinancialInstruments 2023-04-30 05837074 c:Non-currentFinancialInstruments 2024-04-30 05837074 c:Non-currentFinancialInstruments 2023-04-30 05837074 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 05837074 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 05837074 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-30 05837074 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 05837074 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-04-30 05837074 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-30 05837074 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-04-30 05837074 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-04-30 05837074 c:ShareCapital 2024-04-30 05837074 c:ShareCapital 2023-04-30 05837074 c:SharePremium 2024-04-30 05837074 c:SharePremium 2023-04-30 05837074 c:RetainedEarningsAccumulatedLosses 2024-04-30 05837074 c:RetainedEarningsAccumulatedLosses 2023-04-30 05837074 d:FRS102 2023-05-01 2024-04-30 05837074 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05837074 d:FullAccounts 2023-05-01 2024-04-30 05837074 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05837074 c:ComputerSoftware c:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 05837074 2 2023-05-01 2024-04-30 05837074 c:ComputerSoftware c:OwnedIntangibleAssets 2023-05-01 2024-04-30 05837074 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 05837074










FISH AND PIPS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FISH AND PIPS LIMITED
REGISTERED NUMBER: 05837074

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Restated 2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,875
2,426

Tangible assets
 5 
5,232
5,130

  
7,107
7,556

Current assets
  

Stocks
  
15,000
15,000

Debtors: amounts falling due within one year
 6 
514,734
511,939

Cash at bank and in hand
  
324,107
281,108

  
853,841
808,047

Creditors: amounts falling due within one year
 7 
(1,295,054)
(953,364)

Net current liabilities
  
 
 
(441,213)
 
 
(145,317)

Total assets less current liabilities
  
(434,106)
(137,761)

Creditors: amounts falling due after more than one year
 8 
(33,333)
(53,333)

  

Net liabilities
  
(467,439)
(191,094)


Capital and reserves
  

Called up share capital 
  
25,111
25,111

Share premium account
  
19,989
19,989

Profit and loss account
  
(512,539)
(236,194)

  
(467,439)
(191,094)


Page 1

 
FISH AND PIPS LIMITED
REGISTERED NUMBER: 05837074
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P G Hartley
Director

Date: 29 January 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Fish and Pips Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is 8th Floor Becket House, 36 Old Jewry, London, United Kingdom, EC2R 8DD.
The nature of the company's operations and principal activites are that of a tour operator and travel agency activitities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The shareholders have committed to provide ongoing support to allow the Company to meet its liabilities as they fall due for a period of not less than 12 months from the date these accounts are signed. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover is measured at the fair value of consideration receivable excluding discounts, Value Added Tax and other sales taxes and is recognised on date of departure.
Revenue and expenses relating to ski tours are recognised in the profit and loss account on date of departure.
Commissions earned on other services by the Company are recognised as other income on an accruals basis.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
5
years

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.



 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

  
2.11

Cash and cash equivalents

Cash is represented by cash in hand. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.13

Advance Receipts and Payments

All revenue receipts relating to travel with departure dates after the year end are treated as advance receipts at the balance sheet date and are separately disclosed under accruals and deferred income.
Payments made to suppliers in respect of these trips are included in prepayments.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 10).


4.


Intangible assets




Other intangible assets

£



Cost


At 1 May 2023
12,130


Additions
2,500



At 30 April 2024

14,630



Amortisation


At 1 May 2023
9,704


Charge for the year on owned assets
3,051



At 30 April 2024

12,755



Net book value



At 30 April 2024
1,875



At 30 April 2023
2,426



Page 5

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 May 2023
7,985


Additions
1,415



At 30 April 2024

9,400



Depreciation


At 1 May 2023
2,855


Charge for the year on owned assets
1,313



At 30 April 2024

4,168



Net book value



At 30 April 2024
5,232



At 30 April 2023
5,130


6.


Debtors

2024
Restated 2023
£
£


Trade debtors
91,993
161,017

Other debtors
19,890
18,448

Prepayments and accrued income
402,851
332,474

514,734
511,939


Prepayments and accrued income include advance payments to suppliers for future travel amounting to  £347,206 (2023: 332,474).

Page 6

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
Restated 2023
£
£

Bank overdrafts
5,432
-

Bank loans
20,000
20,000

Trade creditors
394,200
223,490

Other taxation and social security
20,676
18,762

Other creditors
26,654
-

Accruals and deferred income
828,092
691,112

1,295,054
953,364


Accruals and deferred income include advanced receipts from customers for future travel amounting to £798,774 (2023: £647,479).


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
33,333
53,333

33,333
53,333


Page 7

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 1-2 years

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 2-5 years

Bank loans
13,333
33,333


13,333
33,333


53,333
73,333



10.


Prior year adjustment

During the preparation of the financial statements for the year ended 30 April 2024 ,it was identified that deferred income and related costs had been inappropriately recorded in the prior reporting periods. To correct this, a prior year reclassification adjustment was made to reflect the accurate position and treatment of both trade debtors and trade creditors. The overall impact of these adjustments on net liabilities and opening reserves was £Nil.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,512 (2023: £5,855).
Contributions totalling £1,407 (2023: £Nil) were payable to the fund at the balance sheet date and are
included in creditors.

Page 8

 
FISH AND PIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.


Related party transactions

During the year, the company entered into the following transaction with close relatives of the director in respect of accommodation £55,383 (2023: £Nil). 
There were no outstanding balances due at the year end in respect of the above sales.


13.


Post balance sheet events

The directors have concluded that no material events have occurred since the date of approval of these
financial statements that would affect the financial statements of the company.


14.


Controlling party

The ultimate controlling parties during the year are P.G Hartley and H.J Chandler, by virtue of their shareholding.

 
Page 9