Registered number
01957184
Pinkind Ltd
Filleted Accounts
31 March 2023
Pinkind Ltd
Registered number: 01957184
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,158 7,158
Current assets
Stocks - -
Debtors 4 - -
Cash at bank and in hand - -
- -
Creditors: amounts falling due within one year 5 (128,269) (104,757)
Net current liabilities (128,269) (104,757)
Net liabilities (121,111) (97,599)
Capital and reserves
Called up share capital 100 100
Profit and loss account (121,211) (97,699)
Shareholders' funds (121,111) (97,599)
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Y Shuliko
Director
Approved by the board on 7 August 2024
Pinkind Ltd
Notes to the Accounts
for the year ended 31 March 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 40,735
At 31 March 2023 40,735
Depreciation
At 1 April 2022 33,577
At 31 March 2023 33,577
Net book value
At 31 March 2023 7,158
At 31 March 2022 7,158
4 Debtors 2023 2022
£ £
Other debtors - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors current account 128,269 104,757
Other creditors - -
128,269 104,757
6 Going Concern
The Company has not attained the requisite level of turnover it had hoped for and despite taking steps to increase the level of turnover required in order to meet all its obligations, the directors have concluded that there is a therefore material uncertainty that casts doubts upon the ability of the company to continue as a going concern and that the company may be unable to realise its assets and discharge its liabilities in the normal course of business. However given the continuing efforts to induce more customers through its doors the directors are arranging to inject sufficient capital to enable the company to meet its obligations and therefore continue to adopt the going concern basis of accounting.
7 Controlling party
The company controlled by its director J Shuliko.
8 Other information
Pinkind Ltd is a private company limited by shares and incorporated in England. Its registered office is:
452 Chiswick High Road
London
W4 5TT
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