1 August 2022 false No description of principal activity Taxfiler 2024.1 08121405business:PrivateLimitedCompanyLtd2022-08-012023-07-31 081214052022-07-31 081214052022-08-012023-07-31 08121405business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 08121405business:FilletedAccounts2022-08-012023-07-31 081214052023-07-31 08121405business:Director12022-08-012023-07-31 08121405business:Director22022-08-012023-07-31 08121405business:RegisteredOffice2022-08-012023-07-31 081214052022-07-31 08121405core:WithinOneYear2023-07-31 08121405core:WithinOneYear2022-07-31 08121405core:AfterOneYear2023-07-31 08121405core:AfterOneYear2022-07-31 08121405core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 08121405core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 08121405core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 08121405core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 08121405core:PreviouslyStatedAmount2023-07-31 08121405core:PreviouslyStatedAmount2022-07-31 08121405business:SmallEntities2022-08-012023-07-31 08121405countries:EnglandWales2022-08-012023-07-31 08121405core:FurnitureFittings2022-08-012023-07-31 08121405core:ComputerEquipment2022-08-012023-07-31 08121405core:Goodwill2022-07-31 08121405core:Goodwill2023-07-31 08121405core:Goodwill2022-08-012023-07-31 08121405core:PlantMachinery2022-07-31 08121405core:FurnitureFittings2022-07-31 08121405core:ComputerEquipment2022-07-31 08121405core:PlantMachinery2023-07-31 08121405core:FurnitureFittings2023-07-31 08121405core:ComputerEquipment2023-07-31 08121405core:PlantMachinery2022-08-012023-07-31 08121405core:MoreThanFiveYears2023-07-31 08121405core:MoreThanFiveYears2022-07-31 08121405core:BetweenOneFiveYears2023-07-31 08121405core:BetweenOneFiveYears2022-07-31 081214052021-08-012022-07-31 iso4217:GBP xbrli:pure
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
Page
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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
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Pinks Boutique Ltd. Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,666 
7,555 
Tangible assets
1,635 
2,660 
7,301 
10,215 
Current assets
Inventories
86,244 
93,289 
Debtors
20,097 
10,486 
Cash at bank and in hand
54 
27,101 
106,395 
130,876 
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)
Net assets
1,185 
14,570 
Capital and reserves
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
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Pinks Boutique Ltd. Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
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
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.
Government grants
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
Presentation currency
The accounts are presented in £ sterling.
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Pinks Boutique Ltd. Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
17,000 
At 31 July 2023
17,000 
Amortisation
At 1 August 2022
9,445 
Charge for the year
1,889 
At 31 July 2023
11,334 
Net book value
At 31 July 2023
5,666 
At 31 July 2022
7,555 
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 
Depreciation
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 
Net book value
At 31 July 2023
- 
740 
895 
1,635 
At 31 July 2022
- 
871 
1,789 
2,660 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,302 
9,247 
Accrued income and prepayments
795 
1,239 
20,097 
10,486 
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 
Accruals
815 
3,991 
77,503 
81,740 
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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 
£ 
£ 
Bank loans
35,008 
44,781 
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 
18,860 
18,464 
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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