| Puttout Limited |
| Registered number: |
13180738 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
167,844 |
|
|
144,831 |
| Tangible assets |
4 |
|
|
68,127 |
|
|
71,245 |
|
|
|
|
235,971 |
|
|
216,076 |
|
| Current assets |
| Stocks |
|
|
462,665 |
|
|
263,539 |
| Debtors |
5 |
|
258,968 |
|
|
75,653 |
| Cash at bank and in hand |
|
|
145,326 |
|
|
288,507 |
|
|
|
866,959 |
|
|
627,699 |
|
| Creditors: amounts falling due within one year |
6 |
|
(470,874) |
|
|
(408,798) |
|
| Net current assets |
|
|
|
396,085 |
|
|
218,901 |
|
| Total assets less current liabilities |
|
|
|
632,056 |
|
|
434,977 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(316,730) |
|
|
(379,607) |
|
| Provisions for liabilities |
|
|
|
(9,041) |
|
|
- |
|
| Net assets |
|
|
|
306,285 |
|
|
55,370 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
112 |
|
|
112 |
| Share premium |
|
|
|
249,918 |
|
|
249,918 |
| Profit and loss account |
|
|
|
56,255 |
|
|
(194,660) |
|
| Shareholders' funds |
|
|
|
306,285 |
|
|
55,370 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| A J Clift |
| Director |
| Approved by the board on 19 December 2025 |
|
| Puttout Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Turnover |
|
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
Over 4 Years |
|
Office equipment |
Over 7 Years |
|
Plant and machinery |
Over 4 Years |
|
|
Research and Development |
|
Expenditure on research and development is expensed in the year in which it is incurred. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
11 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
£ |
|
|
|
|
|
|
Goodwill |
|
Intellectual Property |
|
|
Cost |
|
At 1 April 2024 |
34,901 |
|
125,013 |
|
Additions |
- |
|
41,749 |
|
At 31 March 2025 |
34,901 |
|
166,762 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
5,817 |
|
9,266 |
|
Provided during the year |
6,980 |
|
11,756 |
|
At 31 March 2025 |
12,797 |
|
21,022 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
22,104 |
|
145,740 |
|
At 31 March 2024 |
29,084 |
|
115,747 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Fixtures & Fittings |
|
Plant and machinery etc |
|
Computer Equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
4,067 |
|
80,989 |
|
5,706 |
|
90,762 |
|
Additions |
2,641 |
|
21,948 |
|
5,574 |
|
30,163 |
|
At 31 March 2025 |
6,708 |
|
102,937 |
|
11,280 |
|
120,925 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
194 |
|
17,075 |
|
2,248 |
|
19,517 |
|
Charge for the year |
675 |
|
29,136 |
|
3,470 |
|
33,281 |
|
At 31 March 2025 |
869 |
|
46,211 |
|
5,718 |
|
52,798 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
5,839 |
|
56,726 |
|
5,562 |
|
68,127 |
|
At 31 March 2024 |
3,873 |
|
63,914 |
|
3,458 |
|
71,245 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
213,007 |
|
50,030 |
|
Prepayments |
|
|
|
|
24,299 |
|
12,485 |
|
Other debtors |
21,662 |
|
13,138 |
|
|
|
|
|
|
258,968 |
|
75,653 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
179,729 |
|
43,750 |
|
Corporation Tax |
(38,944) |
|
- |
|
Trade creditors |
160,451 |
|
317,588 |
|
Accruals |
|
44,975 |
|
33,111 |
|
Taxation and social security costs |
19,013 |
|
7,609 |
|
Other creditors |
105,650 |
|
6,740 |
|
|
|
|
|
|
470,874 |
|
408,798 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
306,250 |
|
306,250 |
|
Other creditors |
10,480 |
|
73,357 |
|
|
|
|
|
|
316,730 |
|
379,607 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
135,979 |
|
Unsecured bank loans |
350,000 |
|
350,000 |
|
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Puttout Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2-3 Scala Street |
|
London |
|
England |
|
W1T 2HN |