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Company No: 07908402 (England and Wales)

POMERANCE BOUTIQUE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

POMERANCE BOUTIQUE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

POMERANCE BOUTIQUE LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
POMERANCE BOUTIQUE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
DIRECTOR E Pomerance
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 07908402 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
POMERANCE BOUTIQUE LIMITED

BALANCE SHEET

As at 31 January 2025
POMERANCE BOUTIQUE LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 7,039 6,958
7,039 6,958
Current assets
Stocks 4 1,416,513 1,007,850
Debtors 5 560,054 225,649
Cash at bank and in hand 186,321 173,973
2,162,888 1,407,472
Creditors: amounts falling due within one year 6 ( 956,931) ( 499,404)
Net current assets 1,205,957 908,068
Total assets less current liabilities 1,212,996 915,026
Creditors: amounts falling due after more than one year 7 0 ( 77,837)
Net assets 1,212,996 837,189
Capital and reserves
Called-up share capital 104 104
Profit and loss account 1,212,892 837,085
Total shareholders' funds 1,212,996 837,189

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Pomerance Boutique Limited (registered number: 07908402) were approved and authorised for issue by the Director on 17 April 2025. They were signed on its behalf by:

E Pomerance
Director
POMERANCE BOUTIQUE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
POMERANCE BOUTIQUE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pomerance Boutique Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 3 years straight line
Fixtures and fittings 15 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 February 2024 5,650 10,722 2,522 18,894
Additions 0 0 3,247 3,247
At 31 January 2025 5,650 10,722 5,769 22,141
Accumulated depreciation
At 01 February 2024 4,347 6,748 841 11,936
Charge for the financial year 1,303 596 1,267 3,166
At 31 January 2025 5,650 7,344 2,108 15,102
Net book value
At 31 January 2025 0 3,378 3,661 7,039
At 31 January 2024 1,303 3,974 1,681 6,958

4. Stocks

2025 2024
£ £
Stocks (secured) 1,416,513 1,007,850

5. Debtors

2025 2024
£ £
Trade debtors 436,145 92,945
Amounts owed by related parties 85,000 67,000
Other debtors 38,909 65,704
560,054 225,649

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 77,837 93,661
Trade creditors 97,042 27,000
Taxation and social security 242,842 119,567
Other creditors 539,210 259,176
956,931 499,404

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 0 77,837

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Other financial commitments

2025 2024
£ £
Total future minimum lease payments under non-cancellable operating lease 52,259 6,551

9. Related party transactions

Transactions with the entity's director

2025 2024
£ £
Advances or credits given 159,184 162,610
Repayments received (188,812) (113,978)

At the year end the balance owing to the company was £27,309 (2024: £56,651). Interest is charged on loans at the official rate set by HMRC. The loan to the directors are repayable on demand.