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REGISTERED NUMBER: 04376124 (England and Wales)













Prink Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Prink Limited (Registered number: 04376124)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prink Limited

Company Information
for the year ended 31 August 2023







DIRECTORS: G D Jones
Miss D Ryles





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 04376124 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Prink Limited (Registered number: 04376124)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 10,000 13,750
Tangible assets 6 3,111 1,208
13,111 14,958

CURRENT ASSETS
Stocks 8,703 10,963
Debtors 7 1,583 557
Cash at bank 6,715 11,067
17,001 22,587
CREDITORS
Amounts falling due within one year 8 23,943 22,600
NET CURRENT LIABILITIES (6,942 ) (13 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,169

14,945

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 6,166 14,942
SHAREHOLDERS' FUNDS 6,169 14,945

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Prink Limited (Registered number: 04376124)

Balance Sheet - continued
31 August 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 7 March 2024 and were signed on its behalf by:





G D Jones - Director


Prink Limited (Registered number: 04376124)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Prink 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Computer equipment - 33% 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.

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.

Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of coronavirus on the economy and therefore the financial statements have been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Prink Limited (Registered number: 04376124)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 75,000
AMORTISATION
At 1 September 2022 61,250
Charge for year 3,750
At 31 August 2023 65,000
NET BOOK VALUE
At 31 August 2023 10,000
At 31 August 2022 13,750

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 6,423 5,482 11,905
Additions - 3,374 3,374
Disposals - (149 ) (149 )
At 31 August 2023 6,423 8,707 15,130
DEPRECIATION
At 1 September 2022 5,825 4,872 10,697
Charge for year 89 1,282 1,371
Eliminated on disposal - (49 ) (49 )
At 31 August 2023 5,914 6,105 12,019
NET BOOK VALUE
At 31 August 2023 509 2,602 3,111
At 31 August 2022 598 610 1,208

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,583 557

Prink Limited (Registered number: 04376124)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 810 1,482
Taxation and social security 17,358 15,588
Other creditors 5,775 5,530
23,943 22,600