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REGISTERED NUMBER: 04376124 (England and Wales)













Prink Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Prink Limited (Registered number: 04376124)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prink Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: G D Jones
Miss D Ryles





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 04376124 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Prink Limited (Registered number: 04376124)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,250 10,000
Tangible assets 6 2,462 3,111
8,712 13,111

CURRENT ASSETS
Stocks 3,398 8,703
Debtors 7 3,729 1,583
Cash at bank 3,084 6,715
10,211 17,001
CREDITORS
Amounts falling due within one year 8 18,681 23,943
NET CURRENT LIABILITIES (8,470 ) (6,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

242

6,169

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 239 6,166
SHAREHOLDERS' FUNDS 242 6,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Prink Limited (Registered number: 04376124)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





G D Jones - Director


Prink Limited (Registered number: 04376124)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Prink Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Prink Limited (Registered number: 04376124)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 75,000
AMORTISATION
At 1 September 2023 65,000
Charge for year 3,750
At 31 August 2024 68,750
NET BOOK VALUE
At 31 August 2024 6,250
At 31 August 2023 10,000

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 6,423 8,707 15,130
Additions 225 143 368
At 31 August 2024 6,648 8,850 15,498
DEPRECIATION
At 1 September 2023 5,914 6,105 12,019
Charge for year 110 907 1,017
At 31 August 2024 6,024 7,012 13,036
NET BOOK VALUE
At 31 August 2024 624 1,838 2,462
At 31 August 2023 509 2,602 3,111

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 606 -
Other debtors 3,123 1,583
3,729 1,583

Prink Limited (Registered number: 04376124)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,941 810
Taxation and social security 15,513 17,358
Other creditors 1,227 5,775
18,681 23,943

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
G D Jones and Miss D Ryles
Balance outstanding at start of year (4,404 ) (4,404 )
Amounts advanced 6,200 -
Amounts repaid (18 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,778 (4,404 )

The overdrawn directors loan account was repaid within 9 months of the year end.