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PUNK F&B LTD

Registered Number
14558739
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

PUNK F&B LTD
Company Information
for the period from 28 December 2022 to 31 December 2023

Director

D Kristy

Registered Address

Alpha Works, Alpha Tower
Suffolk Street Queensway
Birmingham
B1 1TT

Registered Number

14558739 (England and Wales)
PUNK F&B LTD
Balance Sheet as at
31 December 2023

Notes

2023

£

£

Fixed assets
Tangible assets31,646
1,646
Current assets
Debtors1,675
Cash at bank and on hand1,110
2,785
Creditors amounts falling due within one year4(4,393)
Net current assets (liabilities)(1,608)
Total assets less current liabilities38
Net assets38
Capital and reserves
Called up share capital100
Profit and loss account(62)
Shareholders' funds38
The financial statements were approved and authorised for issue by the Director on 10 July 2024, and are signed on its behalf by:
D Kristy
Director
Registered Company No. 14558739
PUNK F&B LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

2023
Average number of employees during the year1
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions2,1762,176
At 31 December 232,1762,176
Depreciation and impairment
Charge for year530530
At 31 December 23530530
Net book value
At 31 December 231,6461,646
At 27 December 22--
4.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables4,044
Taxation and social security349
Total4,393
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.