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Puzzle Trading High Wycombe Ltd

Registered Number
13693715
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Puzzle Trading High Wycombe Ltd
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Nahyan Amin Godil
Shahbaz Padela

Registered Address

231 Kenton Road
Harrow
HA3 0HD

Registered Number

13693715 (England and Wales)
Puzzle Trading High Wycombe Ltd
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets452,96166,317
52,96166,317
Current assets
Stocks53,4502,820
Debtors18,04218,653
Cash at bank and on hand68,80233,418
90,29454,891
Creditors amounts falling due within one year6(136,853)(65,886)
Net current assets (liabilities)(46,559)(10,995)
Total assets less current liabilities6,40255,322
Creditors amounts falling due after one year7(50,000)(50,000)
Provisions for liabilities8(10,063)(12,600)
Net assets(53,661)(7,278)
Capital and reserves
Called up share capital100100
Profit and loss account(53,761)(7,378)
Shareholders' funds(53,661)(7,278)
The financial statements were approved and authorised for issue by the Board of Directors on 1 July 2025, and are signed on its behalf by:
Nahyan Amin Godil
Director
Registered Company No. 13693715
Puzzle Trading High Wycombe Ltd
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year65
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 January 24106,666106,666
At 31 December 24106,666106,666
Depreciation and impairment
At 01 January 2440,34940,349
Charge for year13,35613,356
At 31 December 2453,70553,705
Net book value
At 31 December 2452,96152,961
At 31 December 2366,31766,317
5.Stocks

2024

2023

££
Finished goods3,4502,820
Total3,4502,820
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,02916,098
Taxation and social security7549
Other creditors59,94947,600
Accrued liabilities and deferred income56,8002,139
Total136,85365,886
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Other creditors50,00050,000
Total50,00050,000
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,06312,600
Total10,06312,600