2022-03-012023-02-282023-02-28false03934992NARKED 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NARKED LIMITED

Registered Number
03934992
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

NARKED LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

DOLAN, Mark

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

03934992 (England and Wales)
NARKED LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5674360
Tangible assets63,5823,575
4,2563,935
Current assets
Debtors74,4483,867
Cash at bank and on hand8,75111,938
13,19915,805
Creditors amounts falling due within one year8(1,080)(2,098)
Net current assets (liabilities)12,11913,707
Total assets less current liabilities16,37517,642
Creditors amounts falling due after one year9(13)(3,368)
Net assets16,36214,274
Capital and reserves
Called up share capital22
Profit and loss account16,36014,272
Shareholders' funds16,36214,274
The financial statements were approved and authorised for issue by the Director on 26 September 2023, and are signed on its behalf by:
DOLAN, Mark
Director
Registered Company No. 03934992
NARKED LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
Intangible assets policy
Intangible assets are recognised at cost and amortised over their estimated useful economic life. Amortisation is only provided when stock images are no longer income-generating. Their valuation is reviewed regularly throughout the year and at the end of the company's financial year.
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 221,3601,360
Additions314314
At 28 February 231,6741,674
Amortisation and impairment
At 01 March 221,0001,000
At 28 February 231,0001,000
Net book value
At 28 February 23674674
At 28 February 22360360
6.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 221,7575,9907,747
Additions-902902
At 28 February 231,7576,8928,649
Depreciation and impairment
At 01 March 223723,8004,172
Charge for year277618895
At 28 February 236494,4185,067
Net book value
At 28 February 231,1082,4743,582
At 28 February 221,3852,1903,575
7.Debtors

2023

2022

££
Trade debtors / trade receivables4,4483,867
Total4,4483,867
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Taxation and social security1,0802,098
Total1,0802,098
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Other creditors133,368
Total133,368