Company Registration No. 05343867 (England and Wales)
Blue Fish Global Limited
Unaudited accounts
for the year ended 31 January 2023
Blue Fish Global Limited
Unaudited accounts
Contents
Blue Fish Global Limited
Statement of financial position
as at 31 January 2023
Intangible assets
50,000
50,000
Tangible assets
128,435
129,666
Cash at bank and in hand
133,286
128,433
Creditors: amounts falling due within one year
(203,515)
(210,758)
Net current assets
46,324
5,471
Total assets less current liabilities
224,759
185,137
Provisions for liabilities
Deferred tax
(4,696)
(4,776)
Net assets
220,063
180,361
Called up share capital
2
2
Profit and loss account
220,061
180,359
Shareholders' funds
220,063
180,361
For the year ending 31 January 2023 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 31 October 2023 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 2023
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2022
100,000
126,096
226,096
At 31 January 2023
100,000
133,496
233,496
At 1 February 2022
-
96,430
96,430
Charge for the year
-
8,631
8,631
At 31 January 2023
-
105,061
105,061
At 31 January 2023
100,000
28,435
128,435
At 31 January 2022
100,000
29,666
129,666
Amounts falling due within one year
Other debtors
79,100
67,100
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
37,288
24,129
Taxes and social security
62,417
49,197
Other creditors
9,003
19,103
Loans from directors
83,986
116,979
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
During the year the company received consultancy fees from Calita Nutraceuticals Ltd, in the sum of £12,000 inclusive of VAT (2022: Nil), a company in which a director has common control. At the balance sheet date no monies were outstanding.
10
Average number of employees
During the year the average number of employees was 20 (2022: 13).