Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-2822022-03-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2true 11198361 2022-03-01 2023-02-28 11198361 2021-03-01 2022-02-28 11198361 2023-02-28 11198361 2022-02-28 11198361 c:Director2 2022-03-01 2023-02-28 11198361 d:CurrentFinancialInstruments 2023-02-28 11198361 d:CurrentFinancialInstruments 2022-02-28 11198361 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11198361 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11198361 d:ShareCapital 2023-02-28 11198361 d:ShareCapital 2022-02-28 11198361 d:RetainedEarningsAccumulatedLosses 2023-02-28 11198361 d:RetainedEarningsAccumulatedLosses 2022-02-28 11198361 c:OrdinaryShareClass1 2022-03-01 2023-02-28 11198361 c:OrdinaryShareClass1 2023-02-28 11198361 c:OrdinaryShareClass1 2022-02-28 11198361 c:FRS102 2022-03-01 2023-02-28 11198361 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11198361 c:FullAccounts 2022-03-01 2023-02-28 11198361 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11198361 4 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11198361














PITCHOWORLD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PITCHOWORLD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
PITCHOWORLD LIMITED
REGISTERED NUMBER:11198361

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
34,995
5,904

Debtors: amounts falling due within one year
 4 
1,291
1,392

Cash at bank and in hand
  
690
422

  
36,976
7,718

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(21,966)
(11,636)

Net current assets/(liabilities)
  
15,010
(3,918)

  

Net assets/(liabilities)
  
15,010
(3,918)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
14,910
(4,018)

  
15,010
(3,918)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 November 2023.




H Rabee
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PITCHOWORLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Pitchoworld Ltd is a limited company registered in England and Wales. Its registered ofiice adress is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company during the year was that of the sale of beauty products online.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 2

 
PITCHOWORLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
1,291
1,316

Other debtors
-
76



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
10,557
-

Other taxation and social security
4,364
-

Other creditors
5,245
9,836

Accruals and deferred income
1,800
1,800

21,966
11,636


Page 3

 
PITCHOWORLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Fully paid shares shares of £1 each
100
100


 
Page 4