Registered number
13771966
Punchface Financial Solutions Ltd
Filleted Accounts
30 November 2023
Punchface Financial Solutions Ltd
Registered number: 13771966
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,557 2,077
Current assets
Cash at bank and in hand 6,746 8,232
Creditors: amounts falling due within one year 4 (4,609) (4,576)
Net current assets 2,137 3,656
Net assets 3,694 5,733
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,693 5,732
Shareholder's funds 3,694 5,733
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C King
Director
Approved by the board on 26 April 2024
Punchface Financial Solutions Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 2,769
At 30 November 2023 2,769
Depreciation
At 1 December 2022 692
Charge for the year 520
At 30 November 2023 1,212
Net book value
At 30 November 2023 1,557
At 30 November 2022 2,077
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 45 -
Other creditors 4,564 4,576
4,609 4,576
5 Other information
Punchface Financial Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
40 Boyce Crescent
Old Farm Park
Milton Keynes
Buckinghamshire
MK7 8PF
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