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Registration number: 03557929

Pukka Clothing Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Pukka Clothing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Pukka Clothing Ltd

Company Information

Director

D M Eccles

Company secretary

Burton Sweet Company Secretarial Limited

Registered office

Lansdown Mill
35b Lansdown
Stroud
Gloucestershire
GL5 1BW

Accountants

Burton Sweet
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Pukka Clothing Ltd

(Registration number: 03557929)
Balance Sheet
30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

993

1,192

Tangible assets

4

82

110

 

1,075

1,302

Current assets

 

Stocks

5

1,250

1,250

Debtors

6

36,985

107,459

Cash at bank and in hand

 

18,874

15,295

 

57,109

124,004

Creditors: Amounts falling due within one year

7

(43,004)

(94,958)

Net current assets

 

14,105

29,046

Total assets less current liabilities

 

15,180

30,348

Creditors: Amounts falling due after more than one year

7

(8,000)

(11,989)

Net assets

 

7,180

18,359

Capital and reserves

 

Called up share capital

2

2

Retained earnings

7,178

18,357

Shareholders' funds

 

7,180

18,359

 

Pukka Clothing Ltd

(Registration number: 03557929)
Balance Sheet
30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

.........................................
D M Eccles
Director

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lansdown Mill
35b Lansdown
Stroud
Gloucestershire
GL5 1BW

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises tax and is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% per annum reducing balance

Motor Vehciles

25% per annum reducing balance

Office equipment

33% per annum straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intellectual property

10% per annum straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold .

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

782

11,000

11,782

Disposals

(782)

-

(782)

At 30 November 2023

-

11,000

11,000

Depreciation

At 1 December 2022

782

10,890

11,672

Charge for the year

-

28

28

Eliminated on disposal

(782)

-

(782)

At 30 November 2023

-

10,918

10,918

Carrying amount

At 30 November 2023

-

82

82

At 30 November 2022

-

110

110

5

Stocks

2023
£

2022
£

Other inventories

1,250

1,250

 

Pukka Clothing Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2023

6

Debtors

2023
£

2022
£

Trade debtors

36,384

106,859

Other debtors

601

600

36,985

107,459

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

3,900

3,800

Trade creditors

21,679

63,667

Taxation and social security

9,529

16,413

Accruals and deferred income

7,825

1,690

Other creditors

71

9,388

43,004

94,958