Company Registration No. 05343867 (England and Wales)
Blue Fish Global Limited
Unaudited accounts
for the year ended 31 January 2021
Blue Fish Global Limited
Unaudited accounts
Contents
Blue Fish Global Limited
Statement of financial position
as at
31 January 2021
Intangible assets
50,000
50,000
Tangible assets
139,201
112,615
Inventories
21,714
23,250
Cash at bank and in hand
155,098
34,111
Creditors: amounts falling due within one year
(261,218)
(229,522)
Net current liabilities
(68,906)
(156,661)
Total assets less current liabilities
123,079
11,521
Provisions for liabilities
Net assets
121,732
11,521
Called up share capital
2
2
Profit and loss account
121,730
11,519
Shareholders' funds
121,732
11,521
For the year ending 31 January 2021 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 2021 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 2021
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 2021
4
Intangible fixed assets
Goodwill
At 1 February 2020
50,000
At 31 January 2021
50,000
At 31 January 2021
50,000
At 31 January 2020
50,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2020
100,000
86,797
186,797
Additions
-
39,299
39,299
At 31 January 2021
100,000
126,096
226,096
At 1 February 2020
-
74,182
74,182
Charge for the year
-
12,713
12,713
At 31 January 2021
-
86,895
86,895
At 31 January 2021
100,000
39,201
139,201
At 31 January 2020
100,000
12,615
112,615
6
Investments
Other investments
Valuation at 1 February 2020
5,567
Valuation at 31 January 2021
2,784
7
Debtors: amounts falling due within one year
2021
2020
Other debtors
15,500
15,500
Blue Fish Global Limited
Notes to the Accounts
for the year ended 31 January 2021
8
Creditors: amounts falling due within one year
2021
2020
Trade creditors
37,553
25,744
Taxes and social security
36,205
25,056
Other creditors
9,987
630
Loans from directors
176,223
176,842
9
Deferred taxation
2021
2020
Accelerated capital allowances
1,347
-
Charged to the profit and loss account
1,347
-
Provision at end of year
1,347
-
10
Share capital
2021
2020
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 17 (2020: 9).