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REGISTERED NUMBER: 11684158 (England and Wales)















Unaudited Financial Statements

for the Period 1st December 2021 to 31st May 2023

for

Powder Monkey Small Arms Limited

Powder Monkey Small Arms Limited (Registered number: 11684158)






Contents of the Financial Statements
for the Period 1st December 2021 to 31st May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Powder Monkey Small Arms Limited

Company Information
for the Period 1st December 2021 to 31st May 2023







DIRECTOR: S J Pike





SECRETARY:





REGISTERED OFFICE: 153 Mortimer Street
Herne Bay
United Kingdom
Kent
CT6 5HA





REGISTERED NUMBER: 11684158 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

Powder Monkey Small Arms Limited (Registered number: 11684158)

Abridged Balance Sheet
31st May 2023

31.5.23 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,097 1,754
Tangible assets 5 8,297 10,233
9,394 11,987

CURRENT ASSETS
Stocks 41,500 85,214
Debtors 6,014 7,819
Cash at bank and in hand 7,450 16,989
54,964 110,022
CREDITORS
Amounts falling due within one year 27,548 88,562
NET CURRENT ASSETS 27,416 21,460
TOTAL ASSETS LESS CURRENT LIABILITIES 36,810 33,447

CREDITORS
Amounts falling due after more than one year 6 26,260 31,988
NET ASSETS 10,550 1,459

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 10,450 1,359
SHAREHOLDERS' FUNDS 10,550 1,459

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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.

Powder Monkey Small Arms Limited (Registered number: 11684158)

Abridged Balance Sheet - continued
31st May 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31st May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th August 2023 and were signed by:





S J Pike - Director


Powder Monkey Small Arms Limited (Registered number: 11684158)

Notes to the Financial Statements
for the Period 1st December 2021 to 31st May 2023

1. STATUTORY INFORMATION

Powder Monkey Small Arms 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

Powder Monkey Small Arms Limited (Registered number: 11684158)

Notes to the Financial Statements - continued
for the Period 1st December 2021 to 31st May 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2021
and 31st May 2023 2,193
AMORTISATION
At 1st December 2021 439
Amortisation for period 657
At 31st May 2023 1,096
NET BOOK VALUE

At 31st May 2023 1,097
At 30th November 2021 1,754

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2021 16,879
Additions 3,043
At 31st May 2023 19,922
DEPRECIATION
At 1st December 2021 6,646
Charge for period 4,979
At 31st May 2023 11,625
NET BOOK VALUE
At 31st May 2023 8,297
At 30th November 2021 10,233

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.5.23 30.11.21
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 145

7. LOANS

An analysis of the maturity of loans is given below:

31.5.23 30.11.21
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 26,260 31,843

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 145

Powder Monkey Small Arms Limited (Registered number: 11684158)

Notes to the Financial Statements - continued
for the Period 1st December 2021 to 31st May 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 30.11.21
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1st December 2021 1,359
Profit for the period 9,091
At 31st May 2023 10,450