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Punch 2014 Ltd
Registered Number:08834032
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Punch 2014 Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08834032
As at 31 January 2024
Punch 2014 Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,406
1,050
4,406
1,050
Current assets
Inventories
11,650
15,750
2
Trade and other receivables
721
3,524
3
11,432
Cash and cash equivalents
1,193
20,467
23,803
Trade and other payables: amounts falling due within one year
(16,459)
(23,830)
4
7,344
(3,363)
Net current liabilities
Total assets less current liabilities
1,043
8,394
Trade and other payables: amounts falling due after more than one
year
(8,289)
(4,899)
5
(3,856)
Net assets/liabilities
105
Capital and reserves
Called up share capital
1
1
Retained earnings
(3,857)
104
(3,856)
105
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Phillip Peter Elvin Director
These financial statements were approved and authorised for issue by the Board on 14 June 2024 and were signed by:
1 of 4
4
Registered Number :
08834032
For the year ended 31 January 2024
Punch 2014 Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2024
Punch 2014 Ltd
Notes to the Financial Statements
Statutory Information
Punch 2014 Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 08834032.
Principal place of business:
28 Wood Street
Doncaster
DN1 3LW
Registered address:
18a Rother Court
Mangham Road
Parkgate
Rotherham
S62 6DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Inventories
2023
2024
£
£
Stocks
15,750
11,650
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6
For the year ended 31 January 2024
Punch 2014 Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
3,524
721
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,011
2,936
Trade creditors
12,501
5,742
Taxation and social security
8,318
6,614
Other creditors
-
1,167
23,830
16,459
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
4,899
8,289
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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