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Registration number: 03557929

Pukka Clothing Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2022

 

Pukka Clothing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Pukka Clothing Ltd

Company Information

Director

D M Eccles

Company secretary

Burton Sweet Company Secretarial Limited

Registered office

Lansdown Mill
35b Lansdown
Stroud
Gloucestershire
GL5 1BW

Accountants

Burton Sweet
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Pukka Clothing Ltd

(Registration number: 03557929)
Balance Sheet
30 November 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

1,192

1,391

Tangible assets

4

110

147

 

1,302

1,538

Current assets

 

Stocks

5

1,250

1,500

Debtors

6

107,459

38,471

Cash at bank and in hand

 

15,295

13,839

 

124,004

53,810

Creditors: Amounts falling due within one year

7

(94,958)

(35,188)

Net current assets

 

29,046

18,622

Total assets less current liabilities

 

30,348

20,160

Creditors: Amounts falling due after more than one year

7

(11,989)

(15,659)

Net assets

 

18,359

4,501

Capital and reserves

 

Called up share capital

2

2

Retained earnings

18,357

4,499

Shareholders' funds

 

18,359

4,501

 

Pukka Clothing Ltd

(Registration number: 03557929)
Balance Sheet
30 November 2022

For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 September 2023
 

.........................................
D M Eccles
Director

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lansdown Mill
35b Lansdown
Stroud
Gloucestershire
GL5 1BW

These financial statements were authorised for issue by the director on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises tax and is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% per annum reducing balance

Motor Vehciles

25% per annum reducing balance

Office equipment

33% per annum straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intellectual property

10% per annum straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold .

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2022

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2021

782

11,000

11,782

At 30 November 2022

782

11,000

11,782

Depreciation

At 1 December 2021

782

10,853

11,635

Charge for the year

-

37

37

At 30 November 2022

782

10,890

11,672

Carrying amount

At 30 November 2022

-

110

110

At 30 November 2021

-

147

147

5

Stocks

2022
£

2021
£

Other inventories

1,250

1,500

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2022

6

Debtors

2022
£

2021
£

Trade debtors

106,859

26,797

Other debtors

600

11,674

107,459

38,471

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

 

Loans and borrowings

3,800

11,234

Trade creditors

 

63,667

14,157

Taxation and social security

 

16,413

8,149

Other creditors

 

11,078

1,648

 

94,958

35,188

Due after one year

 

Loans and borrowings

11,989

15,659