IRIS Accounts Production v25.1.4.42 11515977 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115159772023-08-31115159772024-08-31115159772023-09-012024-08-31115159772022-08-31115159772022-09-012023-08-31115159772023-08-3111515977ns15:EnglandWales2023-09-012024-08-3111515977ns14:PoundSterling2023-09-012024-08-3111515977ns10:Director12023-09-012024-08-3111515977ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111515977ns10:SmallEntities2023-09-012024-08-3111515977ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111515977ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111515977ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111515977ns10:FullAccounts2023-09-012024-08-3111515977ns10:OrdinaryShareClass12023-09-012024-08-3111515977ns10:RegisteredOffice2023-09-012024-08-3111515977ns5:CurrentFinancialInstruments2024-08-3111515977ns5:CurrentFinancialInstruments2023-08-3111515977ns5:ShareCapital2024-08-3111515977ns5:ShareCapital2023-08-3111515977ns5:SharePremium2024-08-3111515977ns5:SharePremium2023-08-3111515977ns5:RetainedEarningsAccumulatedLosses2024-08-3111515977ns5:RetainedEarningsAccumulatedLosses2023-08-3111515977ns5:FurnitureFittings2023-09-012024-08-3111515977ns5:ComputerEquipment2023-09-012024-08-3111515977ns5:FurnitureFittings2023-08-3111515977ns5:ComputerEquipment2023-08-3111515977ns5:FurnitureFittings2024-08-3111515977ns5:ComputerEquipment2024-08-3111515977ns5:FurnitureFittings2023-08-3111515977ns5:ComputerEquipment2023-08-3111515977ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111515977ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3111515977ns10:OrdinaryShareClass12024-08-3111515977ns5:RetainedEarningsAccumulatedLosses2023-08-3111515977ns5:SharePremium2023-08-3111515977ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31115159771ns10:Director12023-08-31115159771ns10:Director12022-08-31115159771ns10:Director12023-09-012024-08-31115159771ns10:Director12022-09-012023-08-31115159771ns10:Director12024-08-31115159771ns10:Director12023-08-31
REGISTERED NUMBER: 11515977 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

PHISHING TACKLE LIMITED

PHISHING TACKLE LIMITED (REGISTERED NUMBER: 11515977)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHISHING TACKLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: J Houghton





REGISTERED OFFICE: International House
10 Beaufort Court
Admirals Way
Canary Wharf
London
EC14 PXL





REGISTERED NUMBER: 11515977 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

PHISHING TACKLE LIMITED (REGISTERED NUMBER: 11515977)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,999 17,577

CURRENT ASSETS
Debtors 5 404,377 334,330
Cash at bank and in hand 79,500 209,409
483,877 543,739
CREDITORS
Amounts falling due within one year 6 140,132 107,347
NET CURRENT ASSETS 343,745 436,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,744

453,969

PROVISIONS FOR LIABILITIES 4,500 4,192
NET ASSETS 357,244 449,777

CAPITAL AND RESERVES
Called up share capital 7 113 113
Share premium 8 174,987 174,987
Retained earnings 8 182,144 274,677
SHAREHOLDERS' FUNDS 357,244 449,777

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2025 and were signed by:





J Houghton - Director


PHISHING TACKLE LIMITED (REGISTERED NUMBER: 11515977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Phishing Tackle 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

PHISHING TACKLE LIMITED (REGISTERED NUMBER: 11515977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2023 9,291 26,004 35,295
Additions 2,479 12,207 14,686
At 31st August 2024 11,770 38,211 49,981
DEPRECIATION
At 1st September 2023 3,714 14,004 17,718
Charge for year 2,014 12,250 14,264
At 31st August 2024 5,728 26,254 31,982
NET BOOK VALUE
At 31st August 2024 6,042 11,957 17,999
At 31st August 2023 5,577 12,000 17,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 121,437 90,670
Amounts owed by group undertakings 59,082 11,900
Other debtors 223,858 231,760
404,377 334,330

PHISHING TACKLE LIMITED (REGISTERED NUMBER: 11515977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,627 655
Trade creditors 28,452 10,293
Taxation and social security 41,394 54,802
Other creditors 63,659 41,597
140,132 107,347

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,321 Ordinary £0.01 113 113

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st September 2023 274,677 174,987 449,664
Deficit for the year (92,533 ) - (92,533 )
At 31st August 2024 182,144 174,987 357,131

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
J Houghton
Balance outstanding at start of year 164,151 164,151
Amounts advanced - 66,007
Amounts repaid (717 ) (66,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 163,434 164,151