Company Registration No. 05343867 (England and Wales)
Blue Fish Global Limited
Unaudited accounts
for the year ended 31 January 2019
Blue Fish Global Limited
Unaudited accounts
Contents
Blue Fish Global Limited
Statement of financial position
as at
31 January 2019
Intangible assets
50,000
50,000
Tangible assets
109,266
104,248
Inventories
23,121
17,839
Cash at bank and in hand
32,206
12,093
Creditors: amounts falling due within one year
(238,499)
(182,337)
Net current liabilities
(165,016)
(129,255)
Called up share capital
2
2
Profit and loss account
2,598
33,341
Shareholders' funds
2,600
33,343
For the year ending 31 January 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 October 2019.
Ganesh Krishna
Director
Company Registration No. 05343867
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2019
Blue Fish Global Limited is a private company, limited by shares, registered in England and Wales, registration number 05343867. The registered office is Basement, Arlington Building, Bowquarter, Fairfield Road, London, E3 2UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2019
4
Intangible fixed assets
Goodwill
At 1 February 2018
50,000
At 31 January 2019
50,000
At 31 January 2019
50,000
At 31 January 2018
50,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2018
100,000
72,552
172,552
At 31 January 2019
100,000
79,597
179,597
At 1 February 2018
-
68,304
68,304
Charge for the year
-
2,027
2,027
At 31 January 2019
-
70,331
70,331
At 31 January 2019
100,000
9,266
109,266
At 31 January 2018
100,000
4,248
104,248
6
Investments
Other investments
Valuation at 1 February 2018
8,350
Valuation at 31 January 2019
8,350
Finished goods
23,121
17,839
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2019
Other debtors
18,150
23,150
9
Creditors: amounts falling due within one year
2019
2018
Trade creditors
38,024
22,575
Taxes and social security
8,617
13,764
Other creditors
8,154
4,442
Loans from directors
182,454
140,306
10
Share capital
2019
2018
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Transactions with related parties
During the year the directors advanced the Company £2,147 (2018: £4,582) to pay for expenses. This loan is interest free and repayable on demand. In addition, dividends paid to shareholders totalled £40,000. This money was revised in the business as a loan, which is interest free and repayable on demand. At the balance sheet date the Company owed the directors £142,452 (2018: £140,305).
12
Average number of employees
During the year the average number of employees was 10 (2018: 10).