Panache for Kids Ltd
Panache for Kids Ltd
Registered number: 8971440
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2018
Herts Bookkeepers
Panache for Kids Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
Panache for Kids Ltd
Abridged Balance Sheet
As at
30 April 2018
Abridged Balance Sheet
Registered number:
8971440
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
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| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks |
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| Debtors |
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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 (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 481,371 | 392,234 | |||
Page 1
Panache for Kids Ltd
Abridged Balance Sheet (continued)
As at
30 April 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2018 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Panache for Kids Ltd
Notes to the Abridged Financial Statements
For The Year Ended 30 April 2018
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the value of goods supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Annual Investment Allowance has been used for all new capital expenditure in the year. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Intangible Assets
| Total | |||
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| £ | |||
| Cost | |||
| As at |
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| As at |
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| Net Book Value | |||
| As at |
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| As at |
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Page 3
Panache for Kids Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2018
4.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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6.
Directors Advances, Credits and Guarantees
Dividends paid to the director
| 2018 | 2017 | |
|---|---|---|
| £ | £ | |
| Ms Trudi Wager | 65,000 | 35,000 |
7.
Ultimate Controlling Party
The company's ultimate controlling party is Trudi Wager by virtue of his ownership of 100% of the issued share capital in the company.
8.
General Information
Panache for Kids Ltd Registered number 8971440 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 1 Frances Works, Geddings Road, Hoddesdon, Herts, EN11 0NT.
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