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
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
Pinks Boutique Ltd.
Statement of financial position
as at 31 July 2024
Intangible assets
3,777
5,666
Cash at bank and in hand
-
54
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
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
Pinks Boutique Ltd.
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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, 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 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
The accounts are presented in £ sterling.
Pinks Boutique Ltd.
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill
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
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
At 31 July 2024
-
629
-
629
At 31 July 2023
-
740
895
1,635
Amounts falling due within one year
Trade debtors
1,855
19,302
Accrued income and prepayments
1,418
795
Amounts falling due after more than one year
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
8
Creditors: amounts falling due after more than one year
2024
2023
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
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.
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).