1 August 2023 false No description of principal activity Taxfiler 2024.6 08121405business:PrivateLimitedCompanyLtd2023-08-012024-07-31 081214052023-07-31 081214052023-08-012024-07-31 08121405business:AuditExemptWithAccountantsReport2023-08-012024-07-31 08121405business:FilletedAccounts2023-08-012024-07-31 081214052024-07-31 08121405business:Director12023-08-012024-07-31 08121405business:Director22023-08-012024-07-31 08121405business:RegisteredOffice2023-08-012024-07-31 081214052023-07-31 08121405core:WithinOneYear2024-07-31 08121405core:WithinOneYear2023-07-31 08121405core:AfterOneYear2024-07-31 08121405core:AfterOneYear2023-07-31 08121405core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 08121405core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 08121405core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 08121405core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 08121405core:PreviouslyStatedAmount2024-07-31 08121405core:PreviouslyStatedAmount2023-07-31 08121405business:SmallEntities2023-08-012024-07-31 08121405countries:EnglandWales2023-08-012024-07-31 08121405core:FurnitureFittings2023-08-012024-07-31 08121405core:ComputerEquipment2023-08-012024-07-31 08121405core:Goodwill2023-07-31 08121405core:Goodwill2024-07-31 08121405core:Goodwill2023-08-012024-07-31 08121405core:PlantMachinery2023-07-31 08121405core:FurnitureFittings2023-07-31 08121405core:ComputerEquipment2023-07-31 08121405core:PlantMachinery2024-07-31 08121405core:FurnitureFittings2024-07-31 08121405core:ComputerEquipment2024-07-31 08121405core:PlantMachinery2023-08-012024-07-31 08121405core:MoreThanFiveYears2024-07-31 08121405core:MoreThanFiveYears2023-07-31 08121405core:BetweenOneFiveYears2024-07-31 08121405core:BetweenOneFiveYears2023-07-31 08121405business:Director212023-08-012024-07-31 08121405business:Director212023-07-31 08121405business:Director212024-07-31 081214052022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 08121405 (England and Wales)
Pinks Boutique Ltd. Unaudited accounts for the year ended 31 July 2024
Pinks Boutique Ltd. Unaudited accounts Contents
Page
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Pinks Boutique Ltd. Company Information for the year ended 31 July 2024
Directors
Ms K L Allen L C H Sherriff
Company Number
08121405 (England and Wales)
Registered Office
THE BARN RAMSLEY FIELD STATION ROAD MELBOURNE DERBYSHIRE DE73 8BR UNITED KINGDOM
Accountants
Hazelwood Accounting Services Ltd 24 South Street Melbourne Derbyshire DE73 8GB
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Pinks Boutique Ltd. Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,777 
5,666 
Tangible assets
629 
1,635 
4,406 
7,301 
Current assets
Inventories
79,669 
86,244 
Debtors
15,680 
20,097 
Cash at bank and in hand
- 
54 
95,349 
106,395 
Creditors: amounts falling due within one year
(74,441)
(77,503)
Net current assets
20,908 
28,892 
Total assets less current liabilities
25,314 
36,193 
Creditors: amounts falling due after more than one year
(25,576)
(35,008)
Net (liabilities)/assets
(262)
1,185 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(264)
1,183 
Shareholders' funds
(262)
1,185 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
L C H Sherriff Director Company Registration No. 08121405
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Pinks Boutique Ltd. Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Pinks Boutique Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08121405. The registered office is THE BARN, RAMSLEY FIELD, STATION ROAD, MELBOURNE, DERBYSHIRE, DE73 8BR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in the period in which the goods and services were provided.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2012, is being amortised over its estimated remaining useful life of 9 years from 1 August 2017.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% straight line
Presentation currency
The accounts are presented in £ sterling.
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Pinks Boutique Ltd. Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
17,000 
At 31 July 2024
17,000 
Amortisation
At 1 August 2023
11,334 
Charge for the year
1,889 
At 31 July 2024
13,223 
Net book value
At 31 July 2024
3,777 
At 31 July 2023
5,666 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
5,288 
3,800 
2,683 
11,771 
At 31 July 2024
5,288 
3,800 
2,683 
11,771 
Depreciation
At 1 August 2023
5,288 
3,060 
1,788 
10,136 
Charge for the year
- 
111 
895 
1,006 
At 31 July 2024
5,288 
3,171 
2,683 
11,142 
Net book value
At 31 July 2024
- 
629 
- 
629 
At 31 July 2023
- 
740 
895 
1,635 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,855 
19,302 
Accrued income and prepayments
1,418 
795 
Other debtors
10,372 
- 
13,645 
20,097 
Amounts falling due after more than one year
Other debtors
2,035 
- 
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Pinks Boutique Ltd. Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
41,005 
35,692 
Trade creditors
11,651 
14,945 
Taxes and social security
19,096 
9,715 
Other creditors
1,619 
4,597 
Loans from directors
- 
11,739 
Accruals
1,070 
815 
74,441 
77,503 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,576 
35,008 
Aggregate of amounts that fall due for payment after five years
- 
2,965 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,122 
7,122 
Later than one year and not later than five years
4,616 
11,738 
11,738 
18,860 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Overdrawn directors current account
(11,739)
36,689 
18,920 
6,030 
(11,739)
36,689 
18,920 
6,030 
During the year the directors operated an overdrawn current account which constitutes an advance by the company. The advance was interest free, had no repayment date and was unsecured. The balance outstanding of £6,030 (2023: £(11,739) is reported under Other Debtors.
11
Transactions with related parties
During the year, the company purchased goods amounting to £643 (2023: £1,502) from Proverb 7 Limited, a company in which the directors have a controlling interest. These goods were purchased on an arm’s length basis. There was £881 outstanding at the period end (2023: £737). The company also sold goods and services to Proverb 7 Limited to the value of £840 (2023: £4,834). These goods were again sold on an arm’s length basis. There was £1,814 outstanding at the period end (2023: £3,350). As at the balance sheet date the company is owed £4,342 from Proverb 7 Limited (2023: £(2,320)). The above loan was interest free, had no repayment date, was unsecured and is reported under Other Debtors.
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Pinks Boutique Ltd. Notes to the Accounts for the year ended 31 July 2024
12
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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