Flitwick Fisheries Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08659926 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

FLITWICK FISHERIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

P W Papper

Mrs B Papper

SECRETARY:

REGISTERED OFFICE:

Unit 15 Hockliffe Business Park

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

REGISTERED NUMBER:

08659926 (England and Wales)

ACCOUNTANTS:

Graham Hunt & Co

Chartered Accountants

Unit 15

Hockliffe Business Park

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

FIXED ASSETS

Tangible assets

4

4,864

2,467

CURRENT ASSETS

Debtors

5

13,232

17,510

Cash at bank and in hand

13,932

26,016

27,164

43,526

CREDITORS

Amounts falling due within one year

6

30,236

31,296

NET CURRENT (LIABILITIES)/ASSETS

(3,072

)

12,230

TOTAL ASSETS LESS CURRENT LIABILITIES

1,792

14,697

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,791

14,696

SHAREHOLDERS' FUNDS

1,792

14,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2020 and were signed on its behalf by:

P W Papper - Director

1.	STATUTORY INFORMATION

Flitwick Fisheries Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

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

have been enacted or substantively enacted by the year end 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 probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

4,697

Additions

3,488

At 31 August 2019

8,185

DEPRECIATION

At 1 September 2018

2,230

Charge for year

1,091

At 31 August 2019

3,321

NET BOOK VALUE

At 31 August 2019

4,864

At 31 August 2018

2,467

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

13,232

17,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade creditors

6,671

6,721

Taxation and social security

23,409

24,494

Other creditors

156

81

30,236

31,296

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

P W Papper

Balance outstanding at start of year

17,509

13,172

Amounts advanced

-

17,509

Amounts repaid

-

(13,172

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

17,509

The loan was repaid by the director after the year end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Flitwick Fisheries Limited for the year ended 31 August 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Flitwick Fisheries Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flitwick Fisheries Limited and state those matters that we have agreed to state to the Board of Directors of Flitwick Fisheries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flitwick Fisheries Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flitwick Fisheries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flitwick Fisheries Limited. You consider that Flitwick Fisheries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flitwick Fisheries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Graham Hunt & Co

Chartered Accountants

Unit 15

Hockliffe Business Park

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

29 April 2020