Company Registration No. 12530484 (England and Wales)
POETS AND PUNKS LTD
Unaudited accounts
for the year ended 31 March 2023
POETS AND PUNKS LTD
Unaudited accounts
Contents
POETS AND PUNKS LTD
Company Information
for the year ended 31 March 2023
Company Number
12530484 (England and Wales)
Registered Office
Flat 153
Carysfort Road
London
N16 9AD
England
Accountants
FURUICHOI & CO
Chartered Accountants
69 Station Road
Hampton
Greater London
TW12 2BT
POETS AND PUNKS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
2,773
3,081
Cash at bank and in hand
48
1,031
Creditors: amounts falling due within one year
(3,344)
(1,905)
Net current liabilities
(3,296)
(557)
Total assets less current liabilities
(523)
2,524
Creditors: amounts falling due after more than one year
(107,600)
(107,600)
Net liabilities
(108,123)
(105,076)
Called up share capital
100
100
Profit and loss account
(108,223)
(105,176)
Shareholders' funds
(108,123)
(105,076)
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 24 December 2023 and were signed on its behalf by
Miss SUNHEE OH
Director
Company Registration No. 12530484
POETS AND PUNKS LTD
Notes to the Accounts
for the year ended 31 March 2023
POETS AND PUNKS LTD is a private company, limited by shares, registered in England and Wales, registration number 12530484. The registered office is Flat 153, Carysfort Road, London, N16 9AD, England.
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.
The accounts are presented in £ sterling.
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
10% reducing balance
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
-
317
POETS AND PUNKS LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,444
905
Loans from directors
1,900
1,000
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
107,600
107,600
The parent entity in South Korea has funded GBP 68,600 for the period ended 31 March 2021 and GBP 39,000 for the year ended 31 March 2022, totalling GBP 107,600.
By virtue of its relevant legal entity's 100% shareholding the immediate parent undertaking is EDIT CO. LTD, a business incorporated in South Korea.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).