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Company Registration No. 10029415 (England and Wales)
Never Punch Band Management Ltd Unaudited accounts for the year ended 28 February 2022
Never Punch Band Management Ltd Unaudited accounts Contents
Page
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Never Punch Band Management Ltd Company Information for the year ended 28 February 2022
Director
Mr J A Sprigg
Company Number
10029415 (England and Wales)
Registered Office
Pelargonium, St Peters Lane Dumbleton EVESHAM Worcs WR11 7TL
Accountants
ajftaxation 5 Willows Edge Eynsham WITNEY Oxfordshire OX29 4QD
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Never Punch Band Management Ltd Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
480 
1,951 
Current assets
Inventories
1,123 
1,780 
Debtors
131 
- 
Cash at bank and in hand
248 
523 
1,502 
2,303 
Creditors: amounts falling due within one year
(33,575)
(33,289)
Net current liabilities
(32,073)
(30,986)
Net liabilities
(31,593)
(29,035)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,594)
(29,036)
Shareholders' funds
(31,593)
(29,035)
For the year ending 28 February 2022 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 director acknowledges his 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 and authorised for issue on 31 August 2022 and were signed on its behalf by
Mr J A Sprigg Director Company Registration No. 10029415
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Never Punch Band Management Ltd Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
Never Punch Band Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 10029415. The registered office is Pelargonium, St Peters Lane, Dumbleton, EVESHAM, Worcs, WR11 7TL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company has the ongoing support of it's director in order for it to meet the working capital requirements for the foreseeable future. For this reason, the director considers that the accounts should be prepared using the going concern basis.
Turnover
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:
Plant & machinery
20%
Inventories
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.
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Never Punch Band Management Ltd Notes to the Accounts for the year ended 28 February 2022
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2021
8,778 
Additions
322 
At 28 February 2022
9,100 
Depreciation
At 1 March 2021
6,827 
Charge for the year
1,793 
At 28 February 2022
8,620 
Net book value
At 28 February 2022
480 
At 28 February 2021
1,951 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Debtors: amounts falling due after more than one year
Accrued income and prepayments
131 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Loans from directors
32,927 
32,569 
Accruals
648 
720 
33,575 
33,289 
Included in other creditors is the amount of £32,927 (2021 - £32,569) due to the director. The loan from the director is interest free and repayable on demand, if and when the funds become available.
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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