Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 March 2024 31 March 2024 12601119 Mr Joshua Asquith Mr Elliott Stoutt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12601119 2023-05-31 12601119 2024-03-31 12601119 2023-06-01 2024-03-31 12601119 frs-core:CurrentFinancialInstruments 2024-03-31 12601119 frs-core:ComputerEquipment 2024-03-31 12601119 frs-core:ComputerEquipment 2023-06-01 2024-03-31 12601119 frs-core:ComputerEquipment 2023-05-31 12601119 frs-core:ShareCapital 2024-03-31 12601119 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12601119 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-03-31 12601119 frs-bus:FilletedAccounts 2023-06-01 2024-03-31 12601119 frs-bus:SmallEntities 2023-06-01 2024-03-31 12601119 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 12601119 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-03-31 12601119 frs-bus:Director1 2023-06-01 2024-03-31 12601119 frs-bus:Director2 2023-06-01 2024-03-31 12601119 frs-bus:Director2 2023-05-31 12601119 frs-bus:Director2 2024-03-31 12601119 frs-countries:EnglandWales 2023-06-01 2024-03-31 12601119 2022-05-31 12601119 2023-05-31 12601119 2022-06-01 2023-05-31 12601119 frs-core:CurrentFinancialInstruments 2023-05-31 12601119 frs-core:ShareCapital 2023-05-31 12601119 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12601119
Big Fish Brands Ltd
Unaudited Financial Statements
For the Period 1 June 2023 to 31 March 2024
Ecommerce Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12601119
31 March 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203 556
203 556
CURRENT ASSETS
Stocks 5 14,880 18,364
Debtors 6 91,382 35,061
Cash at bank and in hand 87,477 151,510
193,739 204,935
Creditors: Amounts Falling Due Within One Year 7 (60,675 ) (60,155 )
NET CURRENT ASSETS (LIABILITIES) 133,064 144,780
TOTAL ASSETS LESS CURRENT LIABILITIES 133,267 145,336
PROVISIONS FOR LIABILITIES
Deferred Taxation (51 ) -
NET ASSETS 133,216 145,336
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 133,116 145,236
SHAREHOLDERS' FUNDS 133,216 145,336
Page 1
Page 2
For the period ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joshua Asquith
Director
10/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Big Fish Brands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12601119 . The registered office is East Lea, Pinnar Lane, Halifax, HX3 9QT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Straight line basis over 3 years.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 1,061
As at 31 March 2024 1,061
Depreciation
As at 1 June 2023 505
Provided during the period 353
As at 31 March 2024 858
Net Book Value
As at 31 March 2024 203
As at 1 June 2023 556
5. Stocks
31 March 2024 31 May 2023
£ £
Finished goods 14,880 18,364
6. Debtors
31 March 2024 31 May 2023
£ £
Due within one year
Trade debtors - 6,497
Amounts owed by group undertakings 38,042 -
Other debtors 53,340 28,564
91,382 35,061
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 May 2023
£ £
Trade creditors 5,599 8,959
Other creditors 7,780 12,132
Taxation and social security 47,296 39,064
60,675 60,155
8. Share Capital
31 March 2024 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Elliott Stoutt (2,470 ) 31,386 - - 28,916
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
At the balance sheet date the company was owed £38,042 (2022 - £nil) by Big Fish Holdings Limited, a company in which Mr J Asquith is also a director.
Page 5