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
Never Punch Band Management Ltd
Company Information
for the year ended 28 February 2022
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
Never Punch Band Management Ltd
Statement of financial position
as at 28 February 2022
Cash at bank and in hand
248
523
Creditors: amounts falling due within one year
(33,575)
(33,289)
Net current liabilities
(32,073)
(30,986)
Net liabilities
(31,593)
(29,035)
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
Never Punch Band Management Ltd
Notes to the Accounts
for the year ended 28 February 2022
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.
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.
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 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:
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.
Never Punch Band Management Ltd
Notes to the Accounts
for the year ended 28 February 2022
4
Tangible fixed assets
Plant & machinery
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
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.
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).