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REGISTERED NUMBER: 00654668 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Pongo (UK) Air Fresheners Ltd

Pongo (UK) Air Fresheners Ltd (Registered number: 00654668)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pongo (UK) Air Fresheners Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: G R Morbin
R J Morbin





SECRETARY:





REGISTERED OFFICE: Unit 19 IO Centre
57A Croydon Road
Beddington
Croydon
Surrey
CR0 4WQ





REGISTERED NUMBER: 00654668 (England and Wales)





ACCOUNTANTS: AJB Strategies Limited
C3 Speldhurst Business Park
Langton Road
Speldhurst
Tunbridge Wells
Kent
TN3 OAQ

Pongo (UK) Air Fresheners Ltd (Registered number: 00654668)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,050 46,733

CURRENT ASSETS
Stocks 319,838 105,302
Debtors 5 151,999 296,209
Cash at bank and in hand 211,299 208,447
683,136 609,958
CREDITORS
Amounts falling due within one year 6 205,852 138,401
NET CURRENT ASSETS 477,284 471,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

512,334

518,290

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 512,231 518,187
SHAREHOLDERS' FUNDS 512,334 518,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Pongo (UK) Air Fresheners Ltd (Registered number: 00654668)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:




G R Morbin - Director



R J Morbin - Director


Pongo (UK) Air Fresheners Ltd (Registered number: 00654668)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pongo (UK) Air Fresheners Ltd 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.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows

Plant and machinery 10% on cost
Computer equipment 33% on reducing balance
Fixtures, fittings & equipment 10% on reducing balance
Motor vehicles 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Foreign currency translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

Pongo (UK) Air Fresheners Ltd (Registered number: 00654668)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 459,257
DEPRECIATION
At 1 March 2022 412,524
Charge for year 11,683
At 28 February 2023 424,207
NET BOOK VALUE
At 28 February 2023 35,050
At 28 February 2022 46,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 151,999 296,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 125,162 85,786
Taxation and social security 22,712 7,530
Other creditors 57,978 45,085
205,852 138,401