Company Number: 8888888

Jellyfish Shark Limited

Annual Report

Year ended 31 December 2012

Unaudited Accounts

Jellyfish Shark Limited

Company Information

	Director	Huge Shark

	Secretary	Tinyest Shark

	Company Number	8888888

	Registered Office	30 Big Pond
		Northsea
		Europe
		Earth
		Milky Way

Jellyfish Shark Limited

Contents

	Page

DIRECTORS’ REPORT	1

PROFIT AND LOSS ACCOUNT	2

BALANCE SHEET	3

NOTES TO THE FINANCIAL STATEMENTS	4 - 6

The following pages do not form part of the statutory accounts:

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT	pages 1-2

Jellyfish Shark Limited
Directors’ Report
Year ended 31 December 2012

The directors submit their report and the financial statements for the year ended 31 December 2012.

Principal activity

The principal activity of the company during the year was that of cost-effective computer consultancy services.

Director

The director who served during the year and his interest in the company’s issued share capital at the balance sheet date and at the start of the year (or date of appointment, if later) was:

Ordinary GBP 1 shares
	2011	2012

Huge Shark	2	2

During the year, no right to subscribe for shares or debentures in the company was granted or exercised by any of the company’s directors.

Basis of preparation

This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

By order of the board

 Tinyest Shark
Secretary
11 January 2013

-1-
Jellyfish Shark Limited
Profit and Loss Account
Year ended 31 December 2012

		2012		2011	
	Notes	GBP		GBP	
					
Turnover	2	0		0	
		––––––––		––––––––	
Gross Profit		0		0	
					
Administrative expenses		(568)		(959)	
		––––––––		––––––––	
Operating loss 		(568)		(959)	
					
Interest receivable and similar items		0		0	
Tax-free HMRC Online Filing Incentive		176		-	
		––––––––		––––––––	
Loss on ordinary					
activities before taxation		(392)		(959)	
					
Taxation	4	0		0	
		––––––––		––––––––	
Loss for the financial year		392		959	
					
Dividends	5	0		0	
		––––––––		––––––––	
		392		959	
		––––––––		––––––––	
		––––––––		––––––––	

All amounts relate to continuing operations.

There were no recognised gains or losses for the year other than those included in the profit and loss account.

-2-
Jellyfish Shark Limited
Balance sheet
31 December 2012

					2012				2011	
	Notes				GBP				GBP	
Fixed assets										
Tangible	4				350				689	
										
Current assets										
Debtors	7		2				206			
Cash at bank and in hand			195				2,503			
			–––––––				–––––––			
			197				2,709			
Creditors: amounts falling 										
due within one year	8		9,613				12,072			
			–––––––				–––––––			
Net current liabilities/(assets)				(9,416)				(9,363)	
					–––––––				–––––––	
Total assets less current liabilities				(9,066)				(8,674)	
					–––––––				–––––––	
					–––––––				–––––––	
										
Capital and reserves										
Called up share capital	9				6				6	
Profit and loss account	10				(9,072)				(8,680)	
					–––––––				–––––––	
Shareholders’ funds					(9,066)				(8,674)	
					–––––––				–––––––	
					–––––––				–––––––	

For the year ending 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

 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 responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The financial statements were approved by the board on 11 January 2013.

Signed on behalf of the board of directors

Huge Shark   Director

-3-
Jellyfish Shark Limited
Notes to the financial statements
Year ended 31 December 2012

1	Accounting policies

	(a)	Basis of preparation of financial statements
		The financial statements have been prepared under the historical cost convention.

	(b) 	Turnover
		Turnover comprises the invoiced value of goods and services supplied by the company.

	(c)	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost of valuation less depreciation.  Depreciation is
		provided at rates calculated to write off the cost or valuation of fixed assets, less their
		estimated residual value, over their expected useful lives on the following bases:

		Computer equipment	33 % straight line
		Plant and machinery	25 % reducing balance

2	Turnover
	All turnover arose inside the United Kingdom.

3	Directors’ emoluments and benefits
		2012	2011
		GBP	GBP
	Aggregate of directors’ emoluments and other benefits as defined
	in paragraph 1 of Schedule 6 to the Companies Act 1985	0	0

			––––––	––––––
			––––––	––––––

	No directors (2011 - none) were members of company pension schemes.

4	Taxation
		2012	2011
		GBP	GBP
	Corporation tax	0	0

			–––––––	–––––––
			–––––––	–––––––

5	Dividends
		2012	2011
		GBP	GBP
	Ordinary shares
	Interim paid	0	0

			–––––––	–––––––
			–––––––	–––––––

-4-
Jellyfish Shark Limited
Notes to the financial statements
Year ended 31 December 2012

6	Tangible fixed assets

		Computer	Plant &
		equipment	machinery	Total
		GBP	GBP	GBP
	Cost
	At 1 January 2012	4,725	250	4,775
	Additions for the year	0	0	0
		––––––––	––––––––	––––––––
	At 31 December 2012	4,725	250	4,775
		––––––––	––––––––	––––––––

	Depreciation
	At 1 January 2012	4,039	247	4,286
	Charge for the year	338	1	339
		––––––––	––––––––	––––––––
	At 31 December 2012	4,377	248	4,625
		––––––––	––––––––	––––––––

	Net book amount
	At 31 December 2012	348	2	350

		––––––––	––––––––	––––––––
		––––––––	––––––––	––––––––

	At 31 December 2011	686	3	689

		––––––––	––––––––	––––––––
		––––––––	––––––––	––––––––

7	Debtors
		2012	2011
		GBP	GBP
	Trade debtors	0	0
	Other taxes and social security	2	206
		––––––	––––––
		2	206

		––––––	––––––
		––––––	––––––

8	Creditors
Amounts falling due within one year
		2012	2011
		GBP	GBP
	Corporation tax	0	0
	Other tax and social security	0	0
	Other creditors	9,613	12,072
		––––––	––––––
		9,613	12,072

		––––––	––––––
		––––––	––––––

-5-
Jellyfish Shark Limited
Notes to the financial statements
Year ended 31 December 2012

9	Share Capital
		Authorised	Allotted, 	called up and
		fully paid
		GBP	No.	GBP

	At 1 January 2012
	Ordinary shares of GBP 1 each	1,000	6	6
	Movements in year:
	Ordinary shares of GBP 1 each	-	-	-
		––––––––	––––––––	––––––––
	At 31 December 2012
	Ordinary shares of GBP 1 each	1,000	6	6

		––––––––	––––––––	––––––––
		––––––––	––––––––	––––––––

10	Reserves
	
	Profit and loss account		GBP
	At 1 January 2012		(8,680)
	Loss for the year		(392)
			––––––––
			(9,072)

			––––––––
			––––––––

11	Shareholder’ funds

		2012	2011
		GBP	GBP
	Shareholders’ funds at 1 January 2012	(8,674)	(7,715)
	Loss (profit) for the year	(392)	(959)
	Dividends	-	-
		––––––	––––––
		(9,066)	(8,674)

		––––––	––––––
		––––––	––––––

12	Transactions with related parties

During the year the company repaid the directors part of the interest free loan, a sum of GBP 2460.

-6-
Jellyfish Shark Limited
Detailed trading and profit and loss account
for the year ended 31 December 2012

		2012		2011	
		GBP		GBP		GBP		GBP	
									
Turnover				0				0	
									
Cost of sales				-				-	
				––––––				––––––	
Gross profit				0				0	
									
Other income				0				0	
HMRC Online Filing Incentive				-				-	
									
Expenses									
									
Employment		0				0			
									
Administration		568				959			
		––––––				––––––			
				568				959	
				––––––				––––––	
Net loss for the year				(568)				(959)	
				––––––				––––––	
				––––––				––––––	

This page does not form part of the financial statements.

-1-
Jellyfish Shark Limited
Detailed trading and profit and loss account
for the year ended 31 December 2012

		2012		2011	
		GBP		GBP		GBP		GBP	
									
Employment									
									
Directors’ remuneration		0				0			
		––––––				––––––			
				0				0	
									
Administration costs									
									
Staff salaries		0				0			
Professional fees		220				455			
Printing, stationery and postage		0				0			
Accountant		0				0			
Banking charges		0				0			
Personal incidental expenses		0				0			
Depreciation		339				339			
Staff Christmas party		0				0			
Hardware		0				0			
Software		0				9			
Consumables		0				0			
Use of home as office		0				156			
Internet & telephone charges		9				0			
Repairs and renewals		0				0			
Removal expenses		0				0			
Sundry expenses		0				0			
		––––––				––––––			
				568				959	
				––––––				––––––	
				568				959	
				––––––				––––––	
				––––––				––––––	

This page does not form part of the financial statements.

-2-
Jellyfish Shark Limited

Corporation Tax Computation

Year ended 31 December 2012

	GBP

Loss per accounts year ended 31 December 2012	(568)

Less: Interest received gross	(0)
	––––––––
	(568)

Add:	Depreciation	339
Less:	HMRC Online Filing Incentive	(176)
Add:	Bank interest received	0
	––––––––

Adjusted loss	(405)
	––––––––

Total loss	(405)

	––––––––
	––––––––

FY2011: GBP 0 x 3/12 @ 20%	0
FY2012: GBP 0 x 9/12 @ 20%	0
	––––––––
	0

	––––––––
	––––––––

Capital allowances
				Small pool
		B/fwd		allowance 	C/fwd

Computer		0		0	0
Pool		0		0	0
	––––––––––––––––––––––––––––––
		0	 	0	0

	––––––––––––––––––––––––––––––
	––––––––––––––––––––––––––––––

Capital loss brought forward and carried forward: GBP 3,294