Fishtail UK Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 07030734

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		64,140		79,423

			64,140		79,423
CURRENT ASSETS
Stocks	6	80,772		53,430
Debtors	7	51,656		68,194
Cash at bank and in hand		125,506		197,571

		257,934		319,195
Creditors: Amounts Falling Due Within One Year	8	(186,075 )		(235,897 )

NET CURRENT ASSETS (LIABILITIES)			71,859		83,298

TOTAL ASSETS LESS CURRENT LIABILITIES			135,999		162,721

NET ASSETS			135,999		162,721

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			135,997		162,719

SHAREHOLDERS' FUNDS			135,999		162,721

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Fishtail UK Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Duncan Clark

Director

26 August 2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	2	166,195	166,197
Profit for the year and total comprehensive income	-	56,524	56,524

Dividends paid	-	(60,000)	(60,000)

As at 31 March 2024 and 1 April 2024	2	162,719	162,721


Profit for the year and total comprehensive income	-	33,278	33,278

Dividends paid	-	(60,000)	(60,000)

As at 31 March 2025	2	135,997	135,999

1. General Information

Fishtail UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07030734 . The registered office is 7 Cliffe High Street, Lewes, East Sussex, BN7 2AH.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Leasehold	Over the term of the lease
Plant & Machinery	20% p.a. Straight Line
Motor Vehicles	20% p.a. Straight Line
Fixtures & Fittings	20% p.a. Straight Line
Computer Equipment	33 1/3% p.a. Straight Line

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Fishtail UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 36 (2024: 35)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	68,000

As at 31 March 2025	68,000

Amortisation
As at 1 April 2024	68,000

As at 31 March 2025	68,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	21,145	61,993	315,559	5,791	404,488
Additions	-	6,436	7,323	783	14,542

As at 31 March 2025	21,145	68,429	322,882	6,574	419,030

Depreciation
As at 1 April 2024	21,145	43,827	254,814	5,279	325,065
Provided during the period	-	10,034	19,298	493	29,825

As at 31 March 2025	21,145	53,861	274,112	5,772	354,890

Net Book Value
As at 31 March 2025	-	14,568	48,770	802	64,140

As at 1 April 2024	-	18,166	60,745	512	79,423

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Fishtail UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Finished goods	80,772	53,430

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	22,709	7,223
Other debtors	24,044	48,628
VAT	4,903	12,343

	51,656	68,194

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	127,623	171,355
Corporation tax	12,406	17,455
Other taxes and social security	4,400	3,723
Net wages	26,946	24,095
Accruals and deferred income	2,894	-
Directors' loan accounts	11,806	19,269

	186,075	235,897

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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