2023-03-012024-02-292024-02-29false03934992NARKED 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NARKED LIMITED

Registered Number
03934992
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

NARKED LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

DOLAN, Mark

Company Secretary

FISHER, Alex

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

03934992 (England and Wales)
NARKED LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3962674
Tangible assets42,8653,582
3,8274,256
Current assets
Debtors6,0114,448
Cash at bank and on hand8,6288,751
14,63913,199
Creditors amounts falling due within one year5(2,387)(1,080)
Net current assets (liabilities)12,25212,119
Total assets less current liabilities16,07916,375
Creditors amounts falling due after one year6(3)(13)
Net assets16,07616,362
Capital and reserves
Called up share capital22
Profit and loss account16,07416,360
Shareholders' funds16,07616,362
The financial statements were approved and authorised for issue by the Director on 21 November 2024, and are signed on its behalf by:
DOLAN, Mark
Director
Registered Company No. 03934992
NARKED LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Intangible assets
Intangible assets are recognised at cost and amortised over their estimated useful economic life. Amortisation is only provided when stock images are no longer income-generating. Their valuation is reviewed regularly throughout the year and at the end of the company's financial year.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 231,6741,674
Additions288288
At 29 February 241,9621,962
Amortisation and impairment
At 01 March 231,0001,000
At 29 February 241,0001,000
Net book value
At 29 February 24962962
At 28 February 23674674
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 231,7576,8928,649
At 29 February 241,7576,8928,649
Depreciation and impairment
At 01 March 236494,4185,067
Charge for year222495717
At 29 February 248714,9135,784
Net book value
At 29 February 248861,9792,865
At 28 February 231,1082,4743,582
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables210-
Taxation and social security2,1771,080
Total2,3871,080
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.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors313
Total313