Registration number:
Pins and Knuckles Clothing Limited
for the Year Ended 30 September 2025
Pins and Knuckles Clothing Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Pins and Knuckles Clothing Limited
Company Information
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Director |
Mr S Wellby |
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Registered office |
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Bankers |
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Accountants |
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Pins and Knuckles Clothing Limited
Director's Report for the Year Ended 30 September 2025
The director presents his report and the financial statements for the year ended 30 September 2025.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is manufacturing of apparel and accessories
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pins and Knuckles Clothing Limited
for the Year Ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pins and Knuckles Clothing Limited for the year ended 30 September 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Pins and Knuckles Clothing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pins and Knuckles Clothing Limited and state those matters that we have agreed to state to the Board of Directors of Pins and Knuckles Clothing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pins and Knuckles Clothing Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pins and Knuckles Clothing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pins and Knuckles Clothing Limited. You consider that Pins and Knuckles Clothing Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pins and Knuckles Clothing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Certified Accountant
Main Gate Road
Chatham
Kent
ME4 4TZ
Pins and Knuckles Clothing Limited
Profit and Loss Account for the Year Ended 30 September 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
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- |
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Operating profit |
215,741 |
202,498 |
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Interest payable and similar expenses |
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( |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Pins and Knuckles Clothing Limited
Statement of Comprehensive Income for the Year Ended 30 September 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Pins and Knuckles Clothing Limited
(Registration number: 07369397)
Balance Sheet as at 30 September 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Pins and Knuckles Clothing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Pins and Knuckles Clothing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office Equipment |
25% Straight Line |
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Motor Vehicle |
25% Straight Line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Pins and Knuckles Clothing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Profit before tax |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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Pins and Knuckles Clothing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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Tangible assets |
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Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 October 2024 |
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Additions |
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- |
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At 30 September 2025 |
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Depreciation |
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At 1 October 2024 |
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Charge for the year |
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- |
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At 30 September 2025 |
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Carrying amount |
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At 30 September 2025 |
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- |
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At 30 September 2024 |
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- |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Other debtors |
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Current asset investments |
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2025 |
2024 |
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Other investments |
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Share capital |
Allotted, called up and fully paid shares
Pins and Knuckles Clothing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £ |
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- |
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Related party transactions |
Pins and Knuckles Clothing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
Director's remuneration
The director's remuneration for the year was as follows:
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2025 |
2024 |
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Remuneration |
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Summary of transactions with other related parties
Pins and Knuckles Clothing Limited
Detailed Profit and Loss Account for the Year Ended 30 September 2025
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2025 |
2024 |
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Turnover (analysed below) |
1,518,213 |
1,760,705 |
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Cost of sales (analysed below) |
(1,161,503) |
(1,345,250) |
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Gross profit |
356,710 |
415,455 |
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Gross profit (%) |
23.5% |
23.6% |
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Administrative expenses |
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Employment costs (analysed below) |
(50,284) |
(74,378) |
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Establishment costs (analysed below) |
(125) |
(124) |
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General administrative expenses (analysed below) |
(93,230) |
(126,192) |
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Finance charges (analysed below) |
(271) |
(1,045) |
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Depreciation costs (analysed below) |
(1,883) |
(11,218) |
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(145,793) |
(212,957) |
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Other operating income (analysed below) |
4,824 |
- |
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Operating profit |
215,741 |
202,498 |
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Interest payable and similar charges (analysed below) |
103,519 |
(38,270) |
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Profit before tax |
319,260 |
164,228 |
Pins and Knuckles Clothing Limited
Detailed Profit and Loss Account for the Year Ended 30 September 2025
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2025 |
2024 |
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Turnover |
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Rendering of services, UK |
1,515,606 |
1,756,929 |
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Interest received |
2,607 |
3,776 |
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1,518,213 |
1,760,705 |
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Cost of sales |
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Direct costs |
(1,161,503) |
(1,345,250) |
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Employment costs |
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Directors remuneration |
(12,500) |
(44,999) |
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Directors NIC (Employers) |
(1,783) |
(4,954) |
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Directors pensions (Other) |
(36,001) |
(24,417) |
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Staff training |
- |
(8) |
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(50,284) |
(74,378) |
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Establishment costs |
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Insurance |
(125) |
(124) |
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General administrative expenses |
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Telephone and fax |
(342) |
(1,171) |
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Computer software and maintenance costs |
(939) |
(5,201) |
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Printing, postage and stationery |
(24) |
(160) |
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Courier services |
- |
(6,368) |
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Trade subscriptions |
(7,749) |
(14,014) |
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Charitable donations |
- |
(40) |
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Sundry expenses |
(50) |
(196) |
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Motor expenses |
(270) |
(3,382) |
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Travel and subsistence |
(55,324) |
(66,969) |
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Advertising |
(7,409) |
(11,964) |
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Staff entertaining (allowable for tax) |
(96) |
(153) |
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Customer entertaining (disallowable for tax) |
(317) |
(475) |
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Accountancy fees |
(17,954) |
(9,649) |
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Consultancy fees |
(2,606) |
- |
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Legal and professional fees |
(150) |
(6,450) |
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(93,230) |
(126,192) |
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Finance charges |
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Bank charges |
(271) |
(1,045) |
Pins and Knuckles Clothing Limited
Detailed Profit and Loss Account for the Year Ended 30 September 2025
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2025 |
2024 |
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Depreciation costs |
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Depreciation of office equipment (owned) |
(1,883) |
(11,218) |
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Other operating income |
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Other operating income |
4,824 |
- |
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Interest payable and similar expenses |
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(Profit)/loss on foreign currency |
103,519 |
(38,270) |