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REGISTERED NUMBER: 07908402 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Pomerance Boutique Limited

Pomerance Boutique Limited (Registered number: 07908402)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Pomerance Boutique Limited (Registered number: 07908402)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,958 5,461

CURRENT ASSETS
Stocks 1,007,850 937,468
Debtors 5 225,649 197,954
Cash at bank and in hand 173,973 151,366
1,407,472 1,286,788
CREDITORS
Amounts falling due within one year 6 (497,664 ) (495,983 )
NET CURRENT ASSETS 909,808 790,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,766

796,266

CREDITORS
Amounts falling due after more than one
year

7

(77,837

)

(171,498

)

PROVISIONS FOR LIABILITIES (1,740 ) (1,038 )
NET ASSETS 837,189 623,730

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 837,085 623,626
837,189 623,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pomerance Boutique Limited (Registered number: 07908402)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





E Pomerance - Director


Pomerance Boutique Limited (Registered number: 07908402)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Pomerance Boutique Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07908402

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over life of lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pomerance Boutique Limited (Registered number: 07908402)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 13,972
Additions 4,922
At 31 January 2024 18,894
DEPRECIATION
At 1 February 2023 8,511
Charge for year 3,425
At 31 January 2024 11,936
NET BOOK VALUE
At 31 January 2024 6,958
At 31 January 2023 5,461

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,945 60,535
Amounts owed by group undertakings 67,000 1,250
Other debtors 65,704 136,169
225,649 197,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 93,661 84,699
Trade creditors 26,999 2,090
Taxation and social security 119,567 119,240
Other creditors 257,437 289,954
497,664 495,983

Pomerance Boutique Limited (Registered number: 07908402)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 77,837 171,498

8. OTHER FINANCIAL COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are £6,550.83 (2023: £12,643.56)

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2024 and the year ended 31 January 2023:



2024 2023
£ £
Director :

Amounts Advanced 162,610 258,524
Amounts Repaid (113,978) (223,605)

The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.