0 false false false false false false false false false false true false false false false false true true No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 64,040 63,419 348 63,767 273 621 xbrli:pure xbrli:shares iso4217:GBP 4190458 2023-04-01 2024-03-31 4190458 2024-03-31 4190458 2023-03-31 4190458 2022-04-01 2023-03-31 4190458 2023-03-31 4190458 2022-03-31 4190458 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 4190458 core:PlantMachinery 2023-04-01 2024-03-31 4190458 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 4190458 bus:Director1 2023-04-01 2024-03-31 4190458 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 4190458 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 4190458 core:PlantMachinery 2024-03-31 4190458 core:WithinOneYear 2024-03-31 4190458 core:WithinOneYear 2023-03-31 4190458 core:ShareCapital 2024-03-31 4190458 core:ShareCapital 2023-03-31 4190458 core:RetainedEarningsAccumulatedLosses 2024-03-31 4190458 core:RetainedEarningsAccumulatedLosses 2023-03-31 4190458 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 4190458 core:PlantMachinery 2023-03-31 4190458 bus:SmallEntities 2023-04-01 2024-03-31 4190458 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 4190458 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 4190458 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4190458 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 4190458
NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Filleted Unaudited Financial Statements
31 March 2024
NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Financial Statements
Year ended 31 March 2024
Contents
Page
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Year ended 31 March 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants
P.O. Box 10901 Birmingham B1 1ZQ
19 February 2025
NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
4
273
621
Tangible assets
5
2
2
----
----
275
623
Current assets
Cash at bank and in hand
15
18
Creditors: amounts falling due within one year
6
139,381
138,179
----------
----------
Net current liabilities
139,366
138,161
----------
----------
Total assets less current liabilities
( 139,091)
( 137,538)
----------
----------
Net liabilities
( 139,091)
( 137,538)
----------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 139,191)
( 137,638)
----------
----------
Shareholders deficit
( 139,091)
( 137,538)
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Mr.K.B. Kaushal
Director
Company registration number: 4190458
NEW PINK ELEPHANT CONCEPT DESIGN LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 145 Granville Street, Birmingham, West Midland, B1 1SB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company appears to be having going concern problems as losses for the year amounted to £1,553 and net liabilities amount to £139,091. However, the company continues to trade with the support of the Bank, suppliers and the director.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patent & Trade Marks
-
15% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Tools
-
15% straight line
Office equipment
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 April 2023 and 31 March 2024
64,040
---------
Amortisation
At 1 April 2023
63,419
Charge for the year
348
---------
At 31 March 2024
63,767
---------
Carrying amount
At 31 March 2024
273
---------
At 31 March 2023
621
---------
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
5,884
2,041
7,925
-------
-------
-------
Depreciation
At 1 April 2023 and 31 March 2024
5,883
2,040
7,923
-------
-------
-------
Carrying amount
At 31 March 2024
1
1
2
-------
-------
-------
At 31 March 2023
1
1
2
-------
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,825
3,125
Other creditors
136,556
135,054
----------
----------
139,381
138,179
----------
----------
7. Director's advances, credits and guarantees
At 31st March 2024, other creditors include the following amounts due to the directors:- Mr K B Kaushal £134,236 (2023 - £133,034) The loans are interest free and repayable on demand
8. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.