Company Registration No. 08121405 (England and Wales)
Pinks Boutique Ltd.
Unaudited accounts
for the year ended 31 July 2023
Pinks Boutique Ltd.
Unaudited accounts
Contents
Pinks Boutique Ltd.
Company Information
for the year ended 31 July 2023
Directors
Ms K L Allen
L C H Sherriff
Company Number
08121405 (England and Wales)
Registered Office
THE BARN
RAMSLEY FIELD
STATION ROAD
MELBOURNE
DERBYSHIRE
DE73 8BR
UNITED KINGDOM
Accountants
Hazelwood Accounting Services Ltd
24 South Street
Melbourne
Derbyshire
DE73 8GB
Pinks Boutique Ltd.
Statement of financial position
as at 31 July 2023
Intangible assets
5,666
7,555
Tangible assets
1,635
2,660
Cash at bank and in hand
54
27,101
Creditors: amounts falling due within one year
(77,503)
(81,740)
Net current assets
28,892
49,136
Total assets less current liabilities
36,193
59,351
Creditors: amounts falling due after more than one year
(35,008)
(44,781)
Called up share capital
2
2
Profit and loss account
1,183
14,568
Shareholders' funds
1,185
14,570
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
L C H Sherriff
Director
Company Registration No. 08121405
Pinks Boutique Ltd.
Notes to the Accounts
for the year ended 31 July 2023
Pinks Boutique Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08121405. The registered office is THE BARN, RAMSLEY FIELD, STATION ROAD, MELBOURNE, DERBYSHIRE, DE73 8BR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in the period in which the goods and services were provided.
Goodwill, being the amount paid in connection with the acquisition of the business in 2012, is being amortised over its estimated remaining useful life of 9 years from 1 August 2017.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% straight line
The accounts are presented in £ sterling.
Pinks Boutique Ltd.
Notes to the Accounts
for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
5,288
3,800
2,683
11,771
At 31 July 2023
5,288
3,800
2,683
11,771
At 1 August 2022
5,288
2,929
894
9,111
Charge for the year
-
131
894
1,025
At 31 July 2023
5,288
3,060
1,788
10,136
At 31 July 2023
-
740
895
1,635
At 31 July 2022
-
871
1,789
2,660
Amounts falling due within one year
Trade debtors
19,302
9,247
Accrued income and prepayments
795
1,239
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
35,692
33,598
Trade creditors
14,945
6,342
Taxes and social security
9,715
8,073
Other creditors
4,597
4,048
Loans from directors
11,739
25,688
Pinks Boutique Ltd.
Notes to the Accounts
for the year ended 31 July 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
2,965
-
9
Operating lease commitments
2023
2022
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,122
4,616
Later than one year and not later than five years
11,738
13,848
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).