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REGISTERED NUMBER: 07575734 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pelene Retail Limited

Pelene Retail Limited (Registered number: 07575734)






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




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Pelene Retail Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: T Lebedevas
Mrs J Lebedeviene





SECRETARY:





REGISTERED OFFICE: The Sphere
110-112 Silvertown Way
London
UK
E16 1EA





REGISTERED NUMBER: 07575734 (England and Wales)





ACCOUNTANTS: Business Help UK Ltd
1st - 2nd Floor
138 South Street
Romford
Essex
RM1 1TE

Pelene Retail Limited

Report of the Accountants to the Directors of
Pelene Retail Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages one to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Business Help UK Ltd
1st - 2nd Floor
138 South Street
Romford
Essex
RM1 1TE


27 November 2023

Pelene Retail Limited (Registered number: 07575734)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 50,000
Tangible assets 5 89,251 121,416
139,251 171,416

CURRENT ASSETS
Stocks 203,466 109,043
Debtors 6 471,835 538,491
Cash at bank and in hand 755 270
676,056 647,804
CREDITORS
Amounts falling due within one year 7 66,598 63,323
NET CURRENT ASSETS 609,458 584,481
TOTAL ASSETS LESS CURRENT LIABILITIES 748,709 755,897

CREDITORS
Amounts falling due after more than one
year

8

53,339

69,199
NET ASSETS 695,370 686,698

Pelene Retail Limited (Registered number: 07575734)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 695,367 686,695
SHAREHOLDERS' FUNDS 695,370 686,698

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




T Lebedevas - Director



Mrs J Lebedeviene - Director


Pelene Retail Limited (Registered number: 07575734)

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

1. STATUTORY INFORMATION

Pelene Retail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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 Income Statement, 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.


Pelene Retail Limited (Registered number: 07575734)

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

2. ACCOUNTING POLICIES - continued
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.

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 21 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 50,000
At 31 March 2022 50,000

Pelene Retail Limited (Registered number: 07575734)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 199,848
Additions 746
Disposals (16,785 )
At 31 March 2023 183,809
DEPRECIATION
At 1 April 2022 78,432
Charge for year 29,751
Eliminated on disposal (13,625 )
At 31 March 2023 94,558
NET BOOK VALUE
At 31 March 2023 89,251
At 31 March 2022 121,416

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors - 4,754

Amounts falling due after more than one year:
Other debtors 471,835 533,737

Aggregate amounts 471,835 538,491

Pelene Retail Limited (Registered number: 07575734)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,342 13,723
Trade creditors (1 ) 30,000
Taxation and social security 29,216 18,107
Other creditors 20,041 1,493
66,598 63,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 32,500 42,500
Other creditors 20,839 26,699
53,339 69,199

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3 Ordinary 75000 3 3