Paddlefish Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14696245

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		158,859		29,653

			158,859		29,653
CURRENT ASSETS
Stocks	5	45,695		45,000
Debtors	6	31,847		11,979
Cash at bank and in hand		10,533		6,651

		88,075		63,630
Creditors: Amounts Falling Due Within One Year	7	(105,485 )		(93,860 )

NET CURRENT ASSETS (LIABILITIES)			(17,410 )		(30,230 )

TOTAL ASSETS LESS CURRENT LIABILITIES			141,449		(577 )

Creditors: Amounts Falling Due After More Than One Year	8		(168,657 )		(5,293 )

NET LIABILITIES			(27,208 )		(5,870 )

CAPITAL AND RESERVES
Called up share capital	9		1		-
Profit and Loss Account			(27,209 )		(5,870 )

SHAREHOLDERS' FUNDS			(27,208)		(5,870)

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Paddlefish 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Jonathan Dunn

Director

03/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Paddlefish Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14696245 . The registered office is The Old Surgery, St Columb, Cornwall, TR9 6AE.

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. 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:

Plant & Machinery	10% Reducing Balance
Motor Vehicles	20% Reducing Balance
Computer Equipment	20% Reducing Balance

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	32,050	891	1,291	34,232
Additions	151,165	-	-	151,165

As at 31 March 2025	183,215	891	1,291	185,397

Depreciation
As at 1 April 2024	4,143	178	258	4,579
Provided during the period	21,609	143	207	21,959

As at 31 March 2025	25,752	321	465	26,538

...CONTINUED

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Paddlefish Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	157,463	570	826	158,859

As at 1 April 2024	27,907	713	1,033	29,653

5. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	45,695	45,000

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	31,847	11,979

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	46,713	9,470
Bank loans and overdrafts	-	5
Other creditors	57,482	84,385
Taxation and social security	1,290	-

	105,485	93,860

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	168,657	5,293

9. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	1	-

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