Fishon Tackle Shop Limited - Filleted accounts

Registered number

11239007

England & Wales

Fishon Tackle Shop Limited

Filleted Accounts

for the year ending

31 March 2025

Fishon Tackle Shop Limited
Registered number:		11239007	England & Wales
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		17,059			19,179

Current assets
Stocks		500,497			403,226
Debtors	4	14,275			5,721
Cash at bank and in hand		23,630			53,154
		538,402			462,101

Creditors: amounts falling due within one year	5	(416,504)			(368,628)

Net current assets			121,898			93,473

Total assets less current liabilities			138,957			112,652

Creditors: amounts falling due after more than one year	6		(4,797)			(14,941)

Provisions for liabilities			(3,899)			-


Net assets			130,261			97,711

Capital and reserves
Called up share capital			100			100
Profit and loss account			130,161			97,611

Shareholder's funds			130,261			97,711

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Richard Connolly
Director
Approved by the board on 18 December 2025

Fishon Tackle Shop Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	18% WDV
	Plant and machinery	Straight Line over 3 and 10 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	11,221		22,487		33,708
	Additions	1,672		-		1,672
	At 31 March 2025	12,893		22,487		35,380

	Depreciation
	At 1 April 2024	7,162		7,367		14,529
	Charge for the year	1,070		2,722		3,792
	At 31 March 2025	8,232		10,089		18,321

	Net book value
	At 31 March 2025	4,661		12,398		17,059
	At 31 March 2024	4,059		15,120		19,179


4	Debtors			2025		2024
£					£

	Trade debtors			-		5,721
	Other debtors			14,275		-
				14,275		5,721


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			12,342		10,000
	Trade creditors			247,614		167,276
	Taxation and social security costs			27,727		37,676
	Other creditors			128,821		153,676
				416,504		368,628


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,797		14,941


7	Other information

	Fishon Tackle Shop Limited is a private company limited by shares and incorporated in England. Its registered office is: Forstal House, Maidstone Road, Paddock Wood, Tonbridge, Kent TN12 6PY