No Pork Pies Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07009225 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

NO PORK PIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Lee

A I Lee

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

07009225 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

32,577

42,989

CURRENT ASSETS

Debtors

5

10,922

17,025

Cash at bank

54,392

48,110

65,314

65,135

CREDITORS

Amounts falling due within one year

6

(37,734

)

(26,569

)

NET CURRENT ASSETS

27,580

38,566

TOTAL ASSETS LESS CURRENT LIABILITIES

60,157

81,555

CREDITORS

Amounts falling due after more than one year

7

(51,517

)

(63,635

)

PROVISIONS FOR LIABILITIES

8

(6,190

)

(6,863

)

NET ASSETS

2,450

11,057

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,350

10,957

SHAREHOLDERS' FUNDS

2,450

11,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 20 November 2023 and were signed on its behalf by:

A I Lee - Director

1.	STATUTORY INFORMATION

No Pork Pies Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of digital marketing consultancy services is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings -

25% on cost

Computer equipment -

25% on cost

Motor vehicles -

25% reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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

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.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2022

11,810

54,935

5,453

72,198

Additions

-

-

1,583

1,583

Disposals

(395

)

-

(1,468

)

(1,863

)

At 30 September 2023

11,415

54,935

5,568

71,918

DEPRECIATION

At 1 October 2022

11,212

13,734

4,263

29,209

Charge for year

312

10,300

1,284

11,896

Eliminated on disposal

(296

)

-

(1,468

)

(1,764

)

At 30 September 2023

11,228

24,034

4,079

39,341

NET BOOK VALUE

At 30 September 2023

187

30,901

1,489

32,577

At 30 September 2022

598

41,201

1,190

42,989

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

1,440

4,900

Other debtors

9,482

12,125

10,922

17,025

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans and overdrafts

6,596

6,433

Hire purchase contracts

5,523

4,636

Trade creditors

633

-

Taxation and social security

19,414

14,250

Other creditors

5,568

1,250

37,734

26,569

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans

13,697

20,292

Hire purchase contracts

37,820

43,343

51,517

63,635

8.	PROVISIONS FOR LIABILITIES

30.9.23

30.9.22

£

£

Deferred tax

6,190

6,863

Deferred

tax

£

Balance at 1 October 2022

6,863

Provided during year

(673

)

Balance at 30 September 2023

6,190

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.23

30.9.22

value:

£

£

100

Ordinary

£1.00

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23

30.9.22

£

£

A I Lee

Balance outstanding at start of year

1,820

-

Amounts advanced

-

1,820

Amounts repaid

(1,820

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,820