Company Registration No. 05343867 (England and Wales)
Blue Fish Global Limited
Unaudited accounts
for the year ended 31 January 2020
Blue Fish Global Limited
Unaudited accounts
Contents
Blue Fish Global Limited
Statement of financial position
as at
31 January 2020
Intangible assets
50,000
50,000
Tangible assets
112,615
109,266
Inventories
23,250
23,121
Cash at bank and in hand
34,111
32,206
Creditors: amounts falling due within one year
(229,522)
(238,499)
Net current liabilities
(156,661)
(165,016)
Called up share capital
2
2
Profit and loss account
11,519
2,598
Shareholders' funds
11,521
2,600
For the year ending 31 January 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2020 and were signed on its behalf by
Ganesh Krishna
Director
Company Registration No. 05343867
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2020
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 2020
4
Intangible fixed assets
Goodwill
At 1 February 2019
50,000
At 31 January 2020
50,000
At 31 January 2020
50,000
At 31 January 2019
50,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2019
100,000
79,597
179,597
At 31 January 2020
100,000
86,797
186,797
At 1 February 2019
-
70,331
70,331
Charge for the year
-
3,851
3,851
At 31 January 2020
-
74,182
74,182
At 31 January 2020
100,000
12,615
112,615
At 31 January 2019
100,000
9,266
109,266
6
Investments
Other investments
Valuation at 1 February 2019
8,350
Valuation at 31 January 2020
5,567
Finished goods
23,250
23,121
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2020
Other debtors
15,500
18,150
9
Creditors: amounts falling due within one year
2020
2019
Trade creditors
25,744
38,024
Taxes and social security
25,056
8,617
Other creditors
630
8,154
Loans from directors
176,842
182,454
10
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Average number of employees
During the year the average number of employees was 9 (2019: 10).