Pink Slate Limited - Period Ending 2018-03-31

Registration number: 07582144

Pink Slate Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Pink Slate Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Pink Slate Limited

Company Information

Directors

Ms C N Norris Mrs J Norris

Company secretary

R Thom

Registered office

5 Beaconsfield Road Sutton Coldfield B74 2NX

Accountants

Hill Lillis & Company Ltd Chartered Tax Advisers 98 Sheffield Road Sutton Coldfield West Midlands B73 5HW

Page 1

Pink Slate Limited

(Registration number: 07582144)
Balance Sheet as at 31 March 2018

	Note	2018 £		2017 £
Fixed assets
Tangible assets	4		1,412		869
Current assets
Debtors	5	-		5,000
Cash at bank and in hand		6,135		2,941
		6,135		7,941
Creditors: Amounts falling due within one year	6	(7,025)		(8,369)
Net current liabilities			(890)		(428)
Net assets			522		441
Capital and reserves
Called up share capital		100		100
Profit and loss account		422		341
Total equity			522		441

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Pink Slate Limited

(Registration number: 07582144)
Balance Sheet as at 31 March 2018

Approved and authorised by the Board on 26 October 2018 and signed on its behalf by:
 

.........................................

Ms C N Norris
Director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Pink Slate Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Beaconsfield Road
Sutton Coldfield
B74 2NX

These financial statements were authorised for issue by the Board on 26 October 2018.

2	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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Asset class	Depreciation method and rate
Equipment	15% reducing balance

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.

Page 4

Pink Slate Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2017 - 1).

Page 5

Pink Slate Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2017	1,022	1,022
Additions	792	792
At 31 March 2018	1,814	1,814
Depreciation
At 1 April 2017	153	153
Charge for the year	249	249
At 31 March 2018	402	402
Carrying amount
At 31 March 2018	1,412	1,412
At 31 March 2017	869	869

5

Debtors

	2018 £	2017 £
Trade debtors	-	5,000
	-	5,000

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	-	805
Accruals and deferred income	540	540
Other creditors	6,485	7,024
	7,025	8,369

Page 6