Company registration number: 03104247
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Flying Fish UK Limited
Pages for filing with the Registrar
Company registration number: 03104247
Flying Fish UK Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 245,828 268,195
245,828 268,195
Current assets
Debtors 5 332,995 204,639
Cash at bank and in hand 298,794 276,861
631,789 481,500
Creditors: amounts falling due within one year
6 (535,144) (368,401)
Net current assets 96,645 113,099
Total assets less current liabilities 342,473 381,294
Creditors: Amounts falling due after more than one year
7 - (4,379)
Provisions for liabilities (61,146) (51,305)
NET ASSETS 281,327 325,610
Capital and reserves
Called up share capital 27,316 27,316
Share premium account 16,357 16,357
Other reserves 2,185 2,185
Profit and loss account 235,469 279,752
TOTAL EQUITY 281,327 325,610
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03104247
Flying Fish UK Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Hunt, Director
22 September 2026
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Flying Fish UK Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Flying Fish UK Limited is a private company registered in England and Wales. Its registered number is 03104247. The company is limited by shares. Its registered office is 124 High Street, Cowes, Isle of Wight, PO31 7AY.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Yachts and Boats - 25% reducing balance
Fixtures and Fittings - 10% - 20% straight line
Motor Vehicles - 20% straight line
Website and Computers - 20% straight line
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Flying Fish UK Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Revenue Recognition Revenue is recognised to the extent that it is probable that the economic benefit will flow to the company. Revenue is measured at the fair value of the consideration received or receivable excluding discounts and Value Added Tax.







Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 12 (2024 - 11).
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Flying Fish UK Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 429,386
Additions 58,788
At 31 December 2025 488,174
Depreciation
At 1 January 2025 161,191
Charge for year 81,155
At 31 December 2025 242,346
Net book value
At 31 December 2025 245,828
At 31 December 2024 268,195
5 Debtors
2025 2024
£ £
Trade debtors 919 12,902
Taxation - 14
Other debtors 332,076 191,723
332,995 204,639
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 4,410 10,405
Trade creditors 153,425 91,012
Other creditors 352,983 232,224
Taxation 11,067 16,092
VAT payable - 13,869
Social security and other tax 13,259 4,799
535,144 368,401
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Flying Fish UK Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans - 4,379
8 Secured debts
The bank loan is a Coronavirus Bounce Back Loan under the Government Scheme for a period of 6 years from May 2020. Year 1 interest is payable by the Government.
9 Related party transactions
The ultimate controlling party is A J Hunt.
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