Pink Powder Limited - Accounts to registrar (filleted) - small 18.2

Pink Powder Limited - Accounts to registrar (filleted) - small 18.2

PINK POWDER LIMITED - Company Information

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REGISTERED NUMBER: 05259279 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

PINK POWDER LIMITED
PINK POWDER LIMITED (REGISTERED NUMBER: 05259279)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PINK POWDER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: Mrs V Kalogeropoulou
Y Kalogeropoulos





SECRETARY: Mrs V Kalogeropoulou





REGISTERED OFFICE: 10 Lonsdale Gardens
TUNBRIDGE WELLS
Kent
TN1 1NU





BUSINESS ADDRESS: Flat 26
Prospect Quay
98 Point Pleasant
LONDON
SW18 1PR





REGISTERED NUMBER: 05259279 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
PINK POWDER LIMITED (REGISTERED NUMBER: 05259279)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Inventories 5 83,500 80,000
Debtors 6 108,822 65,439
Cash at bank 78,559 108,369
270,881 253,808
CREDITORS
Amounts falling due within one year 7 189,739 223,397
NET CURRENT ASSETS 81,142 30,411
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,142
30,411

CREDITORS
Amounts falling due after more than one
year
8
50,000
-
NET ASSETS 31,142 30,411

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 31,141 30,410
SHAREHOLDERS' FUNDS 31,142 30,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 24 May 2021 and were signed on its behalf by:





Mrs V Kalogeropoulou - Director


The notes form part of these financial statements

Page 2
PINK POWDER LIMITED (REGISTERED NUMBER: 05259279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Pink Powder 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. ACCOUNTING POLICIES

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

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2020
and 31 December 2020 3,799
DEPRECIATION
At 1 January 2020
and 31 December 2020 3,799
NET BOOK VALUE
At 31 December 2020 -
At 31 December 2019 -

5. INVENTORIES
2020 2019
£    £   
Stocks 83,500 80,000

Page 3 continued...
PINK POWDER LIMITED (REGISTERED NUMBER: 05259279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 82,122 65,169
Other debtors 26,700 270
108,822 65,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 1,850 2,961
Social security and other taxes 443 3,473
Other creditors - 38
Directors' current accounts 185,551 215,119
Accrued expenses 1,895 1,806
189,739 223,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Other creditors 50,000 -

Page 4