IRIS Accounts Production v23.1.0.753 07908402 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079084022022-01-31079084022023-01-31079084022022-02-012023-01-31079084022021-01-31079084022021-02-012022-01-31079084022022-01-3107908402ns16:EnglandWales2022-02-012023-01-3107908402ns15:PoundSterling2022-02-012023-01-3107908402ns11:Director12022-02-012023-01-3107908402ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3107908402ns11:SmallEntities2022-02-012023-01-3107908402ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3107908402ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3107908402ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3107908402ns11:FullAccounts2022-02-012023-01-3107908402ns6:CurrentFinancialInstruments2023-01-3107908402ns6:CurrentFinancialInstruments2022-01-3107908402ns6:Non-currentFinancialInstruments2023-01-3107908402ns6:Non-currentFinancialInstruments2022-01-3107908402ns6:ShareCapital2023-01-3107908402ns6:ShareCapital2022-01-3107908402ns6:RetainedEarningsAccumulatedLosses2023-01-3107908402ns6:RetainedEarningsAccumulatedLosses2022-01-3107908402ns11:RegisteredOffice2022-02-012023-01-3107908402ns6:LeaseholdImprovements2022-02-012023-01-3107908402ns6:FurnitureFittings2022-02-012023-01-3107908402ns6:PlantMachinery2022-01-3107908402ns6:PlantMachinery2022-02-012023-01-3107908402ns6:PlantMachinery2023-01-3107908402ns6:PlantMachinery2022-01-3107908402ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3107908402ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-31
REGISTERED NUMBER: 07908402 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Pomerance Boutique Limited

Pomerance Boutique Limited (Registered number: 07908402)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Pomerance Boutique Limited (Registered number: 07908402)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,461 5,081

CURRENT ASSETS
Stocks 937,468 975,000
Debtors 5 197,954 71,045
Cash at bank and in hand 151,366 163,489
1,286,788 1,209,534
CREDITORS
Amounts falling due within one year 6 (495,983 ) (552,364 )
NET CURRENT ASSETS 790,805 657,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,266

662,251

CREDITORS
Amounts falling due after more than one year 7 (171,498 ) (256,196 )

PROVISIONS FOR LIABILITIES (1,038 ) (965 )
NET ASSETS 623,730 405,090

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 623,626 404,986
623,730 405,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pomerance Boutique Limited (Registered number: 07908402)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 April 2023 and were signed by:





E Pomerance - Director


Pomerance Boutique Limited (Registered number: 07908402)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Pomerance Boutique Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07908402

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over life of lease
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pomerance Boutique Limited (Registered number: 07908402)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 11,306
Additions 2,666
At 31 January 2023 13,972
DEPRECIATION
At 1 February 2022 6,225
Charge for year 2,286
At 31 January 2023 8,511
NET BOOK VALUE
At 31 January 2023 5,461
At 31 January 2022 5,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,535 62,295
Amounts owed by group undertakings 1,250 -
Other debtors 136,169 8,750
197,954 71,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 84,699 76,594
Trade creditors 2,090 26,412
Taxation and social security 119,240 115,753
Other creditors 289,954 333,605
495,983 552,364

Pomerance Boutique Limited (Registered number: 07908402)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 171,498 256,196

8. OTHER FINANCIAL COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are £12,094 (2022: £NIL)