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Registration number: 08990775

Pynappel Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Pynappel Ltd.

Contents of the Financial Statements
for the Year Ended 30 April 2023

Company Information

1

Profit and Loss Account

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Pynappel Ltd.

Company Information
for the Year Ended 30 April 2023

Director:

E Brune

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

08990775

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Pynappel Ltd.

Profit and Loss Account for the Year Ended 30 April 2024

Note

30.04.24

30.04.23

   

£

£

£

£

TURNOVER

   

77,820

 

63,016

Cost of sales

   

(46,100)

 

(49,397)

GROSS PROFIT

   

31,720

 

13,619

Administrative expenses

 

8,858

 

8,333

 

   

(8,858)

 

(8,333)

Operating profit

   

22,862

 

5,286

Interest payable and similar expenses

   

-

 

-

Profit before tax

 

22,862

 

5,286

Tax on profit/(loss)

   

(4,344)

 

(1,162)

PROFIT/(LOSS) FOR FINANCIAL YEAR

   

18,518

 

4,124

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Pynappel Ltd.

(Registration number: 08990775)
Balance Sheet as at 30 April 2024

Note

30.04.24

30.04.23

   

£

£

£

£

CURRENT ASSETS

   

 

Debtors

4

 

14,294

 

26,225

Cash at bank and in hand

   

10,321

 

1,263

   

24,615

 

27,488

CREDITORS

   

 

Creditors within 1yr

5

 

23,578

 

26,969

Net assets

   

1,037

 

519

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

937

 

419

Shareholders' funds

   

1,037

 

519

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 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 12 February 2025

.........................................
E Brune
Director

 

Pynappel Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 12 February 2025.

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.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax 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.

 

Pynappel Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

The current income 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Pynappel Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4.

Debtors

Current

30.04.24
£

30.04.23
£

Other debtors

14,294

26,225

 

14,294

26,225

Included in other debtors is £2,890 owed by the director. No interest was charged, and the amount was repaid within 9 months of the year-end.

5.

Creditors

Creditors: amounts falling due within one year

30.04.24
£

30.04.23
£

Due within one year

Trade creditors

-

84

Taxation and social security

4,248

9,205

Accruals and deferred income

2,310

4,400

Other creditors

17,020

13,280

23,578

26,969